The total value of US homes gained $3.1 trillion during the past 12 months, a 6.6% year-over-year spike that resulted in a new record high of $49.6 trillion, according to a data report from Redfin (NASDAQ:RDFN). On a decade-over-decade measurement, the total value of...
Consumer confidence in the housing market was decidedly mixed in the latest Home Purchase Sentiment Index data published by Fannie Mae (OTCQB: FNMA). The index dropped by 1.1 points in July to 71.5, with only 17% of consumers stating now is a good time to buy a home,...
The Las Vegas market reported a total of 2,764 existing local homes, condos and townhomes were sold in July, according to data from Las Vegas Realtors (LVR). Compared to one year earlier, home sales were up 5.1% while condo and townhome sales were up 1.5%. By the end...
Mortgage application activity was on the rise for the week ending Aug. 2, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 6.9% on a seasonally adjusted...
Total household debt increased by $109 billion in during the second quarter to $17.80 trillion, a 0.6% uptick, according to new data from the Federal Reserve Bank of New York. Regarding housing debt, the new data report found mortgage balances up by $77 billion from...
A new report has concluded that Denver needs more housing – specifically, 52,000 housing units for the short-term and more than 500,000 by 2050. According to a Denver7.com report, the report from the Denver Regional Council of Governments (DRCOG), the demographic is...
