News

Pending Home Sales Rise 1.2% in November

Reversing course from October’s decline, the National Association of Realtors indicates the nation’s pending home sales increased in November. During the month, the Pending Home Sales Index, a forward-looking indicator based on contract signings, increased to 108.5, rising from October’s 106.7. According to NAR, contract signings increased by 1.2% from last month’s decline and jumped by 7.4% from […]


Home Sellers may be Losing Their Clout in the Market

Home sellers may be losing their clout in the market Home sellers in some neighborhoods may have missed their chance to dictate the market. The number of real estate agents around the country who say they are in a sellers’ market slid below 50% for the first time in years, according to a fourth quarter […]


5 Step Plans on How the U.S. Could Handle Student Loan Debt

People who have followed my work over the years know that I have railed against the student loan debt crisis in this record-breaking expansion for many years. I believe, like most political-economic stories, things get exaggerated. Again, dear chickens, it might be raining but please don’t confuse that with a falling sky. That said, let’s […]


Higher Loan Limits for 2020 are Now in Effect

With the calendar now officially flipped to 2020, Fannie Mae, Freddie Mac, and the Federal Housing Administration are now backing larger mortgages than they were just a few days ago. That’s because the 2020 loan limits for each of those agencies are now in effect. And each of the agencies’ loan limits are higher for 2020 than they were […]


Home Price Growth Slows but Rent Keeps Rising as 2019 Ends

Both home prices and rents continued to increase as the year reached an end, but one of those two is increasing faster than the other. Home values in the U.S. grew to $243,225 in November, which was the smallest annual growth since January 2013, according to Zillow. Annual home value growth has now slowed in each […]


Mortgage Rates Hold Steady from Last Week’s 3.74%

This week, the average U.S. fixed rate for a 30-year mortgage held steady at 3.74%. Although this rate remains unchanged from last week’s percentage, it’s still well below the 4.55% of the year-earlier week, according to the Freddie Mac Primary Mortgage Market Survey. This week, the 15-year FRM averaged 3.19%, remaining unchanged from last week’s rate. This time last year, […]


Freddie Mac’s December Forecast Hints at Market Stability in 2020

As U.S. home sales are projected to climb in 2020, Freddie Mac’s December Forecast indicates the housing market will continue to stand firm moving into the new year. According to the government-sponsored enterprise, home sales are expected to increase from 6 million in 2019 to 6.2 million in 2020 and, as much as 6.3 million in 2021. “A […]


Colorado Springs Forecast to Remain a Hot Housing Market in 2020

No matter who’s doing the talking, Colorado Springs’ red-hot housing market is expected to continue to sizzle next year, and possibly beyond. A forecast by Realtor.com, the California-based online real estate service, ranks the Springs as No. 7 among the nation’s top 10 housing markets for 2020. At the same time, a report by the […]