The asphalt economy is incredibly fascinating and sustainable. As of December 2021, asphalt is the most recycled material on Earth and can be used for roadways, parking lots, roof shingles, and more. With the current state of climate change and efforts to become more sustainable, asphalt recycling matters now more than ever. The United States […]
The real estate industry is constantly evolving, and with this ever-changing landscape comes innovation. This innovation appears in many forms, from advanced technologies to new ways of handling real estate transactions. One thing that has made a significant change in the housing industry is the increasing cost of building materials. Lumber costs have skyrocketed in […]
It’s no secret that 2021 was a banner year for real estate sales, but a new report from ATTOM Data Solutions indicates that homeowners that were willing to sell last year reeled in a profit that hasn’t been seen in more than a decade. ATTOM released its Year-End 2021 U.S. Home Sales Report on Jan. 27, which […]
With a record number of millennials set to reach key age milestones for homebuyers over the next two years, experts say this could push already accelerated price gains even further. This, according to a new report from Zillow that found home values are growing fastest in areas with the highest share of kids, reflects the impact […]
Another good indicator of a strong economy, was revealed in CoreLogic’s monthly Loan Performance Insights Report for November 2021. In November, 3.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 2.3-percentage point decrease compared to November 2020, when it was 5.9%. […]
The 30-year fixed-rate mortgage (FRM) averaged 3.14% for the week ending Oct. 28, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac. Declining COVID cases and improved consumer confidence, however, are keeping purchase demand strong despite increasing rates.Mortgage details:– 30-year fixed-rate mortgage averaged 3.14% with an average 0.7 point for the week ending Oct. 28, 2021, […]
Despite a late summer rebound, pending home sales dipped again in September, according to the newest report from the National Association of REALTORS® (NAR). NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, declined by 2.3% last month, dropping to 116.7. All regions saw year-over-year contract signings fall last month, […]
Mortgage applications increased 0.3% from one week earlier for the week ending Oct. 22, 2021. According to the latest data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, the Market Composite Index, a measure of mortgage loan application volume, increased 0.3% on a seasonally adjusted basis from the previous week. The details:– Unadjusted, […]
Depending on whom you ask, the past year of home price gains may have been a boon or a bust. Home prices rose by nearly 20% over the past year under a perfect storm of a widening supply and demand gap in addition to pandemic-induced influences. On the one hand, sellers have benefited from heated competition that […]
Mortgage applications increased 0.3% from one week earlier for the week ending Oct. 22, 2021. According to the latest data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, the Market Composite Index, a measure of mortgage loan application volume, increased 0.3% on a seasonally adjusted basis from the previous week. The details:– Unadjusted, […]