U.S. Construction Spending Climbed in November 2021
Construction spending saw a modest boost in November, according to recent reports from the U.S. Census Bureau and the Department of Commerce. The Commerce Department announced on Jan. 3 that construction spending climbed by 0.4% in November 2021, with single-family homebuilding playing a significant role in the uptick. Total spending rose from $ 1.62 billion […]
Are You Sure You’re Ready for Coaching?
It’s a new year! I’m sure we’re all feeling a particular sense of New Year’s optimism that comes around every January. We’re ready to change everything about our lives, get our businesses into shape and realize all our goals—all before the end of Q1. It’s not for me to discourage anyone’s optimism. In fact, I […]
“First-Time Buyer” Season 2 Now Available on Hulu
“First-Time Buyer” Season 2 Now Available on Hulu The series provides the most realistic portrayal of the American homebuying process, highlighting the role that REALTORS® play. Media Contact: Spencer High 202-383-1051 First-Time Homebuyers
Consistency and Good Habits Equal Success
VITALS: The Funk Collection Years in business: 13 Size: 1 branch office, 102 agents Region Served: Central Florida 2021 Sales Volume (as of Dec. 1): $ 231 million 2021 Transactions (as of Dec. 1): 490 units Renee Funk knows Central Florida real estate. Having spent the past two decades in the Orlando area, and co-founding […]
Pending Home Sales Subside 2.2% in November
Pending Home Sales Subside 2.2% in November Each of the four major U.S. regions declined month-over-month. Only the Midwest saw an increase year-over-year. Media Contact: Quintin Simmons 202-383-1178
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Refi Share of Freddie’s Volume Held Steady Last Month
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 12.0 percent in November compared to a 15.7 percent gain in October. The portfolio balance at the end of the period was $ 3.211 trillion compared to $ 3.179 trillion the prior month and $ 2.734 trillion a year […]
Strong New Home Sales a Moving Target Thanks to Revisions
Posted To: MND NewsWire November was another one of those months for new home sales when the topline numbers look terrific. And then you take a second look. The U.S. Census Bureau and Department of Housing and Urban Development reported on Thursday that new home sales surged 12.4 percent from October to November. However, the […]
Inflation Is Back in a Big Way: What That Means for Borrowers and Mortgages
(TNS)—Inflation hit 6.8% in November, its loftiest level since the long-ago era of Reaganomics and America’s war on inflation. If prices continue to soar, mortgage rates will head higher, too. But there’s a silver lining to this cloud for borrowers as well. Today’s combination of low mortgage rates and high inflation is exceedingly rare. So […]
String of Existing Home Price Increases Now Longest on Record
Existing home sales came in a little lower than expected in November, but it was still the third consecutive gain. The National Association of Realtors® (NAR) said sales of pre-owned single-family houses, townhouses, condos, and cooperative apartments were at a seasonally adjusted annual rate of 6.46 million units, a 1.9 percent increase over the 6.340 […]