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Newsletter Monday Morning Coffee 4.1.24. Market updates and Some DID YOU KNOW?? The housing market appears to be picking up. The National Association of Realtors says existing home sales surprised everyone with a 9.5% gain in February, the biggest in a year, following a healthy January increase. Inventories are up more than 10% the past year. Plus, more new homes are on the way, as housing starts went up more than […]
Newsletter Monday Morning Coffee 3.18.24 Real Estate News and Story Buyers are back. The Mortgage Bankers Association reports applications for purchase mortgages, down for more than a month, jumped 11% over the prior week. Even refinance applications were up 8% for the same period. Sellers are back too. Realtor.com says “The first couple of months of 2024 have proven to be positive for inventory levels, as the […]
Newsletter Monday Morning Coffee – Real Estate News and Story January home sales for new single-family homes rose for the second month in a row and are up from a year ago. Good news for buyers, the median sale price is down from its 2022 peak and supply is up 160% from its 2022 bottom. But more homes are on the way. Spending on residential construction in January was […]
Newsletter Monday Morning Coffee – 3/4/24 Real Estate NEWS and Stories Sales of resale homes in January scored a 3.1% gain over December. The National Association of Realtors saw this as “the start of more supply and demand,” with total inventory up 2.0% from December and 3.1% from a year ago. Altos Research reports that just under 50,000 new listings came onto the market last week, 16% more […]
Newsletter Monday Morning Coffee 2.26.24 Real Estate NEWS and STORIES The Mortgage Bankers Association reports that mortgage loan applications for new homes rocketed up 19.1% from a year ago and 38% over December, the strongest January read the MBA has ever recorded. Also on the new homes front, single-family housing starts came in 22% higher and building permits nearly 36% higher than a year ago. In line with that, the builder […]
Newsletter Monday Morning Coffee 2.19.24 – Real Estate Stats and heart talk For the week ending February 3, Realtor.com reports a 12.2% rise in active for-sale inventory, powered by a 12.8% boost in new listings, the biggest jump in nearly three years. In the latest National Housing Survey by FNMA, consumer housing sentiment rose to the highest level in nearly two years. Consumers are also more confident in […]
Newsletter Monday Morning Coffee – Real Estate News and Inspiration 2.12.24 Spending on residential construction in December went up 1.4% from November, with spending on single-family homes up a solid 1.6%. Spending is up 9.9% on single-families compared to December a year ago. The national S&P Case-Shiller Index reports home prices in November fell a tick, the first dip in 10 months, but they’re up 5.1% annually, and […]
Newsletter Monday Morning Coffee – Real Estate News Stories 2.6.24 Sales of new homes finished 2023 up 8.0% in December, 4.2% ahead of 2022, their first yearly gain since 2020. Good news for buyers, the median price of new homes sold has fallen 20.2% from its peak in 2022. The index of signed contracts on existing homes ended the year up 8.3% in December. The National Association […]
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Newsletter Monday Morning Coffee – Your Real Estate News and Story Source Housing Starts were up a solid 7.6% compared to a year ago despite being off a bit during holiday-shortened December. The past year, single-family starts are up a very strong 15.8%, single-family permits up an impressive 32.9%. A report from Realtor.com shows that, compared to last year, the number of homes for sale in December was […]
Newsletter Monday Morning Coffee: Your News and Story Source The Mortgage Bankers Association reports demand for purchase loans was up 6% compared to the week before in the Real Estate world. Requests to refinance rocketed up 53% for the week and are now 17% ahead of a year ago. Realtor.com revealed that active listings moved up in December by nearly 5% year-over-year. They said the pickup […]
Newsletter Monday Morning Coffee 1.15.24 Spending on residential construction in November grew a solid 1.1% above October, and 3.7% ahead of last year. Best of all, the emphasis was on single-family homes, where spending is up 5.5% the past year. 10,000 people a day are turning 65, fueling a “silver tsunami” in the housing market. The AARP estimates that among people […]
Newsletter Monday Morning Coffee 1.8.24 The National Association of Realtors (NAR) November index of signed contracts on existing homes was the same as October, but the NAR noted “a surge in interest, as evidenced by a higher number of lockbox openings.” Sellers are still getting good prices, as the October National Home Price Index posted its ninth straight monthly gain, and […]
Newsletter Monday Morning Coffee 01.01.24 After five months of declines, sales of existing homes reversed course in November. Prices rose only modestly, the median price now up just 4% versus a year ago. Builders saw a very active November, as housing starts surged nearly 15% for the month, with single-family starts up more than 42% from a year ago. Single-family Building Permits increased, as they’ve […]
Newsletter Winter Buying and Selling Guides 2024 Hello! As the holiday season approaches, I wanted to take a moment to express my heartfelt gratitude for your continued support and trust in my real estate services. It has been a pleasure working with you, and I look forward to continuing our partnership in the coming year. If you haven’t been a client of […]
Newsletter Monday Morning Coffee – 12.11.23 October sales of new homes were up 17.7% from a year ago. But they did take a breather from their September gain, off 5.6% for the month. Buyers should be happy to see the median price down 17.6% from a year ago. The Index of contract signings on existing homes slipped in October. But the National Association […]
Newsletter Monday Morning Coffee 12.4.23 According to the National Association of Realtors (NAR), multiple offers “are still occurring, especially on starter and mid-priced homes.” Yet sales of existing homes fell 4.1% in October due to “the persistent lack of housing inventory.” But inventory is rising, and sales should too. An online real estate database reports active listings rose last month, while signed contracts hit […]
Newsletter Monday Morning Coffee 11.27.23 October saw housing starts increase 1.9% over September, as builders answer growing demand. Looking to the future, they also took out 1.1% more Building Permits than the month before. Purchase mortgage applications rose for the second week in a row according to the Mortgage Bankers Association, which noted, “both purchase and refinance applications increased to the highest weekly pace in five weeks.” […]
Newsletter Monday Morning Coffee 11.20.23 Inventory growth in November is rare, but Altos Research reports 62,000 new listings last week, up 0.7% from the prior week, with 9,000 under contract. Although 39.2% of listings have had a price cut, prices are still above last year. Data Provide CoreLogic found single-family home prices rose in September for the third month in a row […]
Newsletter Monday Morning Coffee 11.13.23 Home builders keep…well, building. In September, residential builders spent at a seasonally adjusted annual rate of 0.6% ahead of August. Home prices rose again in August, according to both the Case-Shiller home price index and the FHFA index of homes financed with conforming mortgages. The Case-Shiller National Composite stands at an all-time high. Demand for new homes […]
Newsletter Monday Morning Coffee 11.6.23 New Home Sales soared 12.3% in September, the biggest gain in more than a year, sending sales up 39.8% over the July 2022 low. Inventories were up, while the median selling price was down 12.3% from a year ago. The index of contracts signed on existing homes reversed its recent monthly slides, heading back up in […]
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