Tag Archives: Interest Rates

March Existing Home Sales Up 1.5 Percent Year-Over-Year and Up 5.1 Percent Sequentially from February — Median Price Up 5.7 Percent from a Year Ago

March 2016 existing home sales rose 1.5 percent year-over-year on a seasonally adjusted annualized rate (SAAR) of 5.33 million, which was also up 5.1 percent sequentially from February per the National Association of Realtors® (NAR). The median price of $222,700 (for all property types) in March 2016 was up 5.7 percent versus March 2015. From …Read more

A Look at Refinance and Purchase Lending Expectations for 2016

Transaction volume is the backbone for real estate professionals. Sellers selling, buyers buying — and for those impacted by refinancing – borrowers with mortgage loans refinancing are key to the livelihoods of an array of real estate professionals. Except for all-cash buyers, lending is the key metric in showing past and future transaction volumes. Lending …Read more

Don’t Blame China – I Blame the Fed

The recent hiccups on Wall Street were blamed by the media and many Wall Street analysts on a faltering Chinese economy. The logic follows that as the Chinese economy shrinks, they will reduce U.S. imports which would negatively impact the U.S. economy. They are wrong. The following table shows U.S. exports and imports to and …Read more