All Posts Tagged: median home price

U.S. Outlook: Housing shows resilience; other sectors, not so much

Scott Anderson
Chief Economist

The housing market appears to be benefiting from the somewhat lower long‐term rate environment that has unfolded this year. Mortgage refi activity is on the upswing. Mortgage refinance applications Graph showing mortgage refinance applications climbing due to lower interest ratesare up 37.2% since the end of last year, though compared to recent years activity year‐to‐date can hardly be deemed a mortgage refi boom.

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on June 23.

Key observations:
  • New single‐family home sales through May are up 8.9% from a year ago and continue to advance at above trend growth rates.
  • Median new home prices are up 16% from February levels and up 69% from October 2010 levels.
  • Despite this, other economic indicators released this past week suggest an economy struggling to keep up with elevated expectations.

Click here to read my full report.

Read More ›

5 tips to consider if you’re downsizing

Wendy Cutrufelli
Mortgage Banking
Older African American couple walking on a path surrounded by green shrubs and trees.

Downsizing is a growing business, and there are many good reasons to consider it.

Read More ›