Tag Archives: Existing Home Sales

Housing Market & Residential Lending Forecast August 2021

Fortunately Fannie Mae and the MBA release monthly forecasts for residential lending volumes, new and existing home sales and interest rates.  They do not, however, look through the same glasses when prognosticating the future, however.  Core to housing and residential lending are interest rates that remained below 2.9 percent once again this week according to …Read more

Housing Market & Residential Lending Forecast Summary – June 2021

While forecasts from truly respected institutions are valued, unfortunately there is not always agreement from the various parties.   The following summarizes monthly forecasts from Fannie Mae and the MBA. A critical foundation component for forecasting housing and residential lending is interest rates.  Right out of the chute, Fannie Mae and the MBA see differing outcomes …Read more

Existing Home Sales Stutter Slightly in May, Down 0.9 Percent, But Median Price Surges to an All-Time Record Greater Than $350,000

Existing home sales slipped 0.9 percent in May 2021 compared to April based on the Seasonally Adjusted Annualized Rate (SAAR) according to the National Association of Realtors® (NAR). Actual closings in May 2021 (not seasonally adjusted) were up 2.9 percent vs April.   Given the plunge in sales from April to June in 2020 due to …Read more

Best (and Worst) Markets for Real Estate Agents 2021 — WalletHub

Housing sales brokerage is big business.  The National Association of Realtors (NAR) reported  5.64 million existing home transactions in 2020 at an average price of $331,900.  This equates to $1.872 trillion in total sales.  EffectiveAgents® examines a large sample of transactions each year and found the average seller commission in 2020 was 5.656 percent.   At …Read more

Initial Unemployment Claims – Improving But Still Ugly

Jobs are everything to the economy.  Period.   While the U.S. lost 22.4 million jobs in March and April 2020, they have yet to recoup 8.2 million.  Unfortunately, employment numbers are released just once a month based on the Bureau of Labor Statistic’s Payroll or Establishment Survey.  That survey asks employers to report employee counts for …Read more