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Home prices continue to increase at a moderate pace across the U.S. with a stable housing market in November. The S&P Case-Shiller 20-City Home Price Index rose 2.6% annually up from the 2.2% gain seen in October. The national index increased 3.5% annually from 3.2% in October. The housing market...
The Census Bureau reports that December Housing Starts surged 17% from November to an annual rate of 1.608M units,the highest since December 2006, versus 1.380M expected as the sector continues to build momentum. It was the biggest percentage gain since October 2016. From December 2018 to Decembe...
Mortgage rates edged lower early this week due in part to the Middle east tensions. Freddie Mac reports that the 30-year fixed-rate mortgage fell by eight basis points to 3.64% with 0.7 in points and fees. However, rates have inched higher in the past few days. Freddie Mac says that the drop in m...