Monthly archive for October 2017

MBA Predicts $1.2 Trillion Increase in Purchase Originations in 2018

mortgage application and keys

Will 2018 be the year for purchase mortgages? The Mortgage Bankers Association (MBA) recently announced that it forecasts a $1.2 trillion increase in purchase mortgage originations during 2018. That’s 7.3 percent increase from 2017 so far. But while the MBA expects purchase lending to increase significantly, it does not see the same outlook for refinancing.

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New Home Sales Pace Hits 10 Year High

newly built modern home

The pace of newly built, single family home sales hit a record high for September, rising 18.9 percent to a seasonally adjusted annual rate of 667,000 units from an upwardly revised August reading, according to data from the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. This significant gain in new home sales helped push new home sales to its highest pace in a decade. 

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NAR Research publishes report on home buying with children

family meeting real estate agent

Did you know that 49 percent of home buyers that have children consider a neighborhood based on the quality of the school districts? Or that 22 percent had to delay buying a home due to childcare expenses? These are just a few of the many insights gleaned from the National Association of REALTORS (NAR) Research Department’s 2017 Moving With Kids report. While the report shed light on a number of interesting home buying and selling behaviors among those with and without children, there were three key findings that appeared to be most significant. First, the report suggested that nearly half

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