Jim Potts

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NAHB: Home Builder Confidence Ticks Up in April

April 16, 2021 by Jim Potts

The national reading for home builder confidence rose one point to an index reading of 83 in April; the National Association of Home Builders predicted a reading of 84. Component readings for April's national index readings were mixed. Builder confidence in current market conditions for single-family homes rose one point to 88. Builder confidence in market conditions for single-family homes in the next six months fell two points to 81 but homebuilder confidence in buyer traffic in new home developments rose two points to an index reading of 75.

Filed Under: Real Estate Tagged With: Home Buying, Housing Market, Market Conditions

NAHB: Rising Demand for Homes Boosts Builder Confidence

November 18, 2020 by Jim Potts

Builder confidence in housing market conditions reached a new record high in November according to the National Association of Home Builders. November's index reading of 90 was five points higher than in October. Index readings over 50 indicate positive builder sentiment toward market conditions. Readings for the Housing Market Index fell below 50 in April and May as the COVID-19 pandemic grew.

Filed Under: Real Estate Tagged With: COVID 19, Housing Market, Market Conditions

What’s Ahead For Mortgage Rates This Week – May 18th, 2020

May 18, 2020 by Jim Potts

Last week's economic news included readings on inflation, retail sales, and a speech by Federal Reserve Chair Jerome Powell. The University of Michigan released a preliminary reading of its Consumer Sentiment Survey; weekly readings on mortgage rates and initial jobless claims were also released.

Filed Under: Financial Reports Tagged With: Financial Reports, Market Conditions, Unemployment Rates

What’s Ahead For Mortgage Rates This Week – May 11th, 2020

May 11, 2020 by Jim Potts

Last week's economic releases included readings on public and private sector employment, the national unemployment rate.

Filed Under: Financial Reports Tagged With: Financial Reports, Market Conditions, Unemployment Rates

Case-Shiller: February Home Prices Gained Before Coronavirus Outbreak

April 30, 2020 by Jim Potts

Home prices continued to grow in February according to the Case-Shiller Home Price Indices. National home prices grew at a seasonally-adjusted annual pace of 4.20 percent as compared to national home price growth of 3.90 percent in January. Case-Shiller's 20-City Home Price Index showed higher home price growth rates in February with average annual home price growth of 3.50 percent. January home prices grew by 3.10 percent for cities included in the 20-City Index.

Filed Under: Market Outlook Tagged With: Case Shiller, Market Conditions, Market Trends

The Narrowing Gap Between Renting And Buying A Home In The US

April 17, 2020 by Jim Potts

According to data compiled by Realtor.com in the fourth quarter of 2019, it is still more affordable overall to rent versus buy a home -- but just barely. The median monthly mortgage payment at the end of 2019 was $1,600, while the median monthly rent payment was $1,319. This is largely due to steadily-increasing rates, rising home prices, and near-record-low mortgage rates.

Filed Under: Real Estate Tagged With: Market Conditions, Market Trends, Real Estate

Case-Shiller: January Home Price Growth Strong; Pandemic Impact Unknown

April 2, 2020 by Jim Potts

United States home prices increased by 3.90 percent year-over-year in January as compared to December's growth rate of 3.70 percent according to Case-Shiller's National Home Price Index. Home prices also rose in Case-Shiller's 20-City Home Price Index.

Filed Under: Financial Crisis Tagged With: Case Shiller, COVID19 Update, Market Conditions

Most Renters Are Paying Far More Than Their Landlord’s Mortgage

March 5, 2020 by Jim Potts

In the overwhelming majority of the 50 largest cities across the U.S., monthly rent is more than the mortgage payment for single-family homes. In several cases, much more.

Filed Under: Mortgage Tagged With: Market Conditions, Mortgage, Rental Property

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Jim Potts

Jim Potts


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