Posts by John Yellig

Mortgage applications continue falling in latest weekly survey 

The decrease comes as interest rates continue to climb, according to the Mortgage Bankers...

Pending-home sales down for fourth month in a row 

“Buyer demand is still intense, but it's as simple as ‘one cannot buy what is not for sale.” — National Association of REALTORS® chief economist Lawrence Yun...

New-home sales fall again in February 

Affordability and supply-chain issues continued to weigh on the sales of new single-family...

Existing-home sales swing back to negative territory in February 

The median existing-home price for all housing types in February was $357,300, up 15% from a year before, as median prices rose in each region.  ...

New-home construction picks up in February  

“More groundbreaking is welcome news for a supply-starved housing market.” — First American deputy chief economist Odeta...

Builder confidence falls on supply-chain issues, construction costs 

The measurement of six-month sales expectations among homebuilders took an especially negative turn in March, according to the National Association of Home...

Mortgage applications slide with rate hike and more Ukraine uncertainty ahead

“Investors are weighing the impacts of rapidly increasing inflation in the U.S. and many other parts of the world against the potential for a slowdown in economic growth due to a renewed bout of supply-chain constraints." — MBA associate vice...

Ahead of Fed hike, homes selling at a record pace

Of the homes that went under contract during the four weeks ended March 6, 58% had an accepted offer within the first two weeks of going on the market, and 45% had an accepted offer within just one week, Redfin...

NAR: Russia-Ukraine tensions unlikely to impact U.S. housing market 

Foreign buyers accounted for less than 2% of U.S. residential real estate transactions last year, and Russian buyers accounted for less than 1% of those, the National Association of REALTORS®...

Mortgage applications rise, interest rates fall as Ukraine uncertainty roils markets 

“Looking ahead, the potential for higher inflation amidst disruptions in oil and other commodity flows will likely lead to a period of volatility in rates." — MBA associate vice president of economic and industry forecasting Joel...

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