Opinions Uncensored

MBA: Mortgage Applications Increase in Latest Weekly Survey

From the MBA: Mortgage Applications Increase in Latest MBA Weekly SurveyMortgage applications increased 5.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 15, 2018.... The Refinance...

Wednesday: Existing Home Sales

Wednesday:• At 7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.• At 9:30 AM: Panel Discussion, Fed Chair Jerome Powell, Monetary Policy at a Time of Uncertainty and Tight Labor Markets, At the ECB Forum on Central Banking,...

Existing Home Inventory: Up 8.3% Year-over-year in California

It appears inventory has bottomed in some areas. The CAR reported today: California median home price sets new record as home sales dial back, C.A.R. reportsThe number of statewide active listings improved for the second consecutive month, increasing 8.3 percent from the previous year. …“As we...

Existing Home Sales: Take the Under for May

Housing economist Tom Lawler has been sending me his predictions of what the NAR will report for 8+ years.  The table below shows the consensus for each month, Lawler's predictions, and the NAR's initially reported level of sales.  Lawler hasn't always been closer than the consensus, but...

Comments on May Housing Starts

Earlier: Housing Starts increased to 1.350 Million Annual Rate in MayThe housing starts report released this morning showed starts were up 5.0% in May compared to April, and starts were up 20.3% year-over-year compared to April 2017.Both multi-family and single family starts were up solidly...

Housing Starts increased to 1.350 Million Annual Rate in May

From the Census Bureau: Permits, Starts and CompletionsHousing Starts:Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,350,000. This is 5.0 percent above the revised April estimate of 1,286,000 and is 20.3 percent above the May 2017 rate of 1,122,000. ...

Tuesday: Housing Starts

From Matthew Graham at Mortgage News Daily: Mortgage Rates Little-Changed to Begin Quiet WeekMortgage rates were sideways to slightly higher today, depending on the lender. The underlying bond market (which dictates rates) was exceptionally quiet. On the heels of last week's important events...

Lawler: Early Read on Existing Home Sales in May

From housing economist Tom Lawler: Early Read on Existing Home Sales in MayBased on publicly-available local realtor/MLS reports from across the country released through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted...