Category Archives: Ping.fm

The Commerce Department estimated 210,000 new homes were on the market nationwide at the end of June, the lowest level of inventory in more than 40 years. Still, it would take 7.6 months to sell through that inventory at the current … Continue reading →

The first fix is rather simple: the Obama administration should declare that it will not exempt Fannie- and Freddie -backed mortgages from the 5 percent rule. Then it should push Congress to amend the Dodd-Frank Act to put F.H.A.-backed loans … Continue reading →

New-home sales are running a little less than one-in-10 vs. existing, and the June new-home sales number was an eye-poppingly low 30,000, unseasonally adjusted. Especially since NHS is an “order” number as opposed to a closings count, July’s not going to … Continue reading →

Nearly 100,000 homes in the United States still get notices of default each month; and now, 90-something thousand a month are going back to banks as REOs, per HousingWire’s analysis of the latest data dump from RealtyTrac. This housing supply-a-matic machine … Continue reading →

The study, “Builders’ Use of Incentives After the Tax Credit,” sheds valuable light on ways that builders are coping with the market slowdown following the tax credit. About 73% of respondents this June reported that they were currently using and planned to continue … Continue reading →

The typical interest rate of a 30-year fixed-rate home mortgage decreased to 4.49 percent, from 4.54 percent last week, Virginia- based Freddie Mac said. The rates have been the lowest in information dating to 1971. The typical15-year amount had been … Continue reading →

Sales of new homes collapsed in May, sinking 33 percent to the lowest level on record as potential buyers stopped shopping for homes once they could no longer receive government tax credits. However, the news was different in North Carolina, … Continue reading →

REUTERS FORECASTS * The forecast is for a drop of about 2.2 percent in U.S. housing starts to a seasonally adjusted annual rate of 580,000 units in June from 593,000 units the previous month. Forecasts from 70 economists ranged from … Continue reading →

Raleigh housing market ranks first By STAFF WRITER DAVID BRACKEN The Triangle has received more affirmation that it is better-positioned than most regions to emerge quickly from this recession. Hanley Wood Market Intelligence, a California research firm, has ranked the … Continue reading →

We will see “very little improvement” with new home construction and new home sales in the months ahead. So says Mark Vitner, senior economist at Wells Fargo. He tells MarketWatch News Break that almost all housing numbers will go in … Continue reading →