Latest from Mahoning Valley REALstuff

Builder Sentiment Surges in July

NAHB: July Builder Confidence surged 4 points to 53

First time builder sentiment above the 50 benchmark since January

Optimism rises.Builder confidence in the market for newly-built single-family homes reached an important milestone in July, rising four points to a reading of 53 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. Any reading over 50 indicates that more builders view sales conditions as good than poor. All components of the index were higher with the largest gain coming in “Future sales expectations” which was at its highest level since September.

Continue reading

  1. Basketball Rebound! Pending Home Sales Rebound in May

    Pending Home Sales Rebound in May. Largest MoM Gain Since April ’10; Still 5.2 percent Below May ’13. Lower Mortgage Rates and Increased Inventory Credited for Push. Continue reading

  2. New-Home Sales Rise 18.6 Percent in May

    New-Home Sales Up 18.6 Percent in May. Still 63% Below Pre-Crisis Highs. Continue reading

  3. Back Yard Fireworks - Thrill or Threat? Inventory Gains Help Warm Existing-Home Sales in May

    Existing-home sales warmed in May buoyed by inventory gains to help curb soaring price growth, according to the National Association of Realtors®. Continue reading

  4. Party's Over Pending Home Sales Lethargic in April

    Pending Home Sales Edge Up in April, Well Short of Expectations. This is the 7th Monthly Skid in a row for declining Annual sales. The 0.4% rise missed month-over-month expectations of 1.0%. Continue reading

  5. Pogo Stick - Rebound S&P/Case-Shiller: Homes Prices End Four Month Skid

    Home Prices Gain Ground in March According to S&P/Case-Shiller Home Price Indices. Warmer weather credited for Americans on a buying binge, but student loan debt keeps first time buyers on sidelines. Continue reading

  6. Falling rates, prices. Fixed Mortgage Rates Remain at Six Month Low

    Fixed Mortgage Rates movement marginally lower on sparse economic news. Continue reading

  7. Tidal wave. Surge. Housing Starts Surge Over 1 Million Mark in April

    Multifamily Surge Boosts Housing Starts Over 1 Million Mark in April accounting for almost 30% of all starts (4 year high); single-family starts abysmal. Continue reading

  8. Shocked Here We Go >> Obama Wants Loose Lending Standards Again

    Obama to loosen lending standards to boost home ownership. Continue reading

  9. RE/MAX Number One RE/MAX Tops Two National Brokerage Surveys

    RE/MAX tops two National Brokerage Surveys. The average RE/MAX agent sold twice as many homes as any other average real estate agent. RE/MAX has held #1 market share in the United States and Canada every year since 1999. Continue reading