Two of the three component sub-indices improved through the summer: the measure of current market trends and conditions rose more than half a point to 62.7, while the measure of homebuying plans and attitudes toward homeownership climbed more than two points to 62.4.
Read More »Ginnie Mae Unveils Initiatives Designed to Help Adapt to Changes
Representatives from the U.S. Department of Housing and Urban Development (HUD) and Ginnie Mae convened at the second annual Ginnie Mae Summit on September 22 to discuss initiatives and programs designed to create a healthy housing market.
Read More »Report: Millennials Can Still Make a Difference In Housing
That gain in younger household formations is expected to translate to $1.6 trillion spent on home purchases and $600 billion spent on rent in the next few years—more on a per-person basis than any other generation.
Read More »Adjusted Case-Shiller Index Paints Different Picture of Housing Market
Beginning with the release of the June report last month, the monthly Case-Shiller reports now include an expanded national series going beyond the previously covered 20 markets. Previously, the national series was only released every quarter.
Read More »Housing Recovery Will Continue Into 2015 [Fannie Mae]
Improvements in the labor market in 2014 have not translated to widespread housing market recovery this year, according to the Fannie Mae August 2014 National Housing Survey. Instead, data in the survey indicated that recovery for the housing market will be slow heading into 2015. The number of people in the survey who said they believed now is a good time to sell a home fell six percentage points to 64 percent, an all-time low since the monthly survey began in June 2010. The number of people who said now is a good time to buy a home also declined to 38 percent.
Read More »Home Price Appreciation Decelerates Annually
Compared to a year prior, July's index was up 7.4 percent, barely down from 7.5 percent in June. As of the July report, the national HPI has risen year-over-year for 29 straight months.
Read More »National Housing Market Recovery Making Slow Progress
The monthly index tracks housing market stability at the national, state, and metro level, using home purchase applications, payment-to-income ratios, employment, and proportion of on-time mortgage payments as measures of health. As of the June report, Freddie Mac rescaled the MiMi to make it easier to read, though the underlying data was left untouched.
Read More »Pennsylvania Not Quite Ready for Housing Market Rebound
Minimal employment growth and weak demographics in Pennsylvania have economists convinced that the state's housing market is not quite on the road to recovery, according to a special commentary released by Wells Fargo Economics Group on August 26.
Read More »Overall Economic Outlook Positive, But Housing Loses Momentum
A second quarter rebound combined with an upward revision for first quarter economic activity has given a boost to 2014 full-year economic expectations, according to the August 2014 Economic Outlook put together by Fannie Mae's Economic and Strategic Research Group.
Read More »Analysts See Reasons for Housing Optimism
On Friday, Redfin released its latest market summary, which sees the combination of sales, prices, foot traffic, and inventory as positive signs heading into the fall.
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