The sharp rise in mortgage rates from May to July of this year presents an opportunity to reflect on the merits of one pillar of the US mortgage finance system; the 30-year fixed rate mortgage. The 30-year FRM has many positive and a few negative … [Read more...]
Government Revenue and the Economy
What happens to government revenue and the economy if the mortgage interest or property tax deductions are eliminated? A new, independent research study weighs in… Two new case studies by the Tax Foundation, a non-partisan tax research group based in … [Read more...]
Charts from Today’s Pending Home Sales Release
After reaching the highest level in over six years, pending home sales declined in June, with rising mortgage interest rates beginning to impact the market. The Pending Home Sales Index, a forward-looking indicator based on contract signings, edged … [Read more...]
REALTOR® Confidence in Current Market Conditions Held Steady
REALTORS® generally continued to view current conditions in the single–family home market as “strong” with the Index-Current Conditions [1] holding steady at 71 in June. A level of 50 delineates “moderate” conditions. The Index for townhouses was … [Read more...]
Latest Monthly Housing Affordability Index
At the national level, housing affordability is down due to higher home prices even though mortgage rates have come down. What is affordability like in your market? Housing affordability is down for the month of May in the US as prices reach their … [Read more...]
International Sales at $68.2 Billion in 12 Months Ending March 2013
The recently released 2013 Profile of International Home Buying Activity reports that total residential sales dollar volume to international clients was at its second highest level in recent years for the 12 months ending March 2013. International … [Read more...]
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