Economics Broader Economy Suffered in 2020 While Home Improvements Thrived The U.S. economy dipped 3.5% in 2020 as home improvement project spending increased by 3%, according to Harvard University’s Joint Center...
Market Data + Trends As Spring Buying Season Approaches, Inventory Drops Buyers entering the housing market in the spring buying season will face difficulties as housing inventory dropped nearly 50% compared to...
Market Data + Trends February New-Home Sales Drop to Slowest Pace Since May While housing inventory resulted in existing home sales taking a hit in February, rising costs and delays caused new-home sales to dip as...
Market Data + Trends Where Does the Housing Market Go From Here? The very nature of the pandemic, through the health implications, social distancing, and need to isolate, has really brought a central focus on the importance of home for most Americans.
Financing Mortgage Rates Return to March 2020 Levels Mortgage rates increased again this week as the market heads into the busy spring season, but it doesn’t appear to be scaring many buyers...
Financing Mortgage Rates Exceed 3%, Dropping Refinance Demand Rates jumped to 3.26% for 30-year fixed-rate mortgages, shrinking the share of borrowers who could benefit from refinancing. As a result,...
Economics How Might an Uptick in Mortgage Rates Affect Housing? For the first time since July 2020, mortgages rates have surpassed 3%, but that’s not likely enough to put an end to strong housing demand,...
Market Data + Trends Spring Housing Market Listings 200,000 Lower Than Average This spring’s housing market is poised to put 2020’s hectic market to shame as home listings drop 200,000, says CNBC. The sharp drop in new...
Financing First-Time Buyers Are Choosing Conventional Over FHA Financing An increasing number of first-time buyers opted for conventional, conforming loans rather than FHA-insured mortgages in January. Just 24% of...
Financials Americans’ Personal Income, Savings Increase Double-Digits Coronavirus stimulus payments helped to heighten Americans’ personal income by 10% in January, according to data from the Bureau of Economic...
