New Home Sales Skyrocket, Best in 10 Years: Sales of Newly Built Single Family Residences surged by 17.5% in November and 26.6% higher than this time a year ago and reached a level not seen in over 10 years. The…
Home Builder Optimism at Highest Level Since 1999: Builder confidence in the market for newly-built single-family homes increased five points to a level of 74 in December on the National Association of Home Builders Housing Market Index (HMI) which is…
Home Equity Gains, Underwater Mortgages Decline: According to the newly released CoreLogic Q3 2017 Home Equity Analysis, homeowners with mortgages (roughly 63 percent of all homeowners) have collectively seen their equity increase 11.8 percent year over year, representing a gain…
Pending Home Sales Best Since June: The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 3.5 percent to 109.3 in October. The index is now at its highest reading since June (110.0). Lawrence Yun, NAR chief…
