Posts by John Yellig

Mortgage applications fall during last two weeks of 2021

At the same time, the average 30-year fixed-rate mortgage rose to 3.33%, its highest level since April 2021, the Mortgage Bankers Association...

S&P CoreLogic Case-Shiller: Seattle home prices continue their climb 

Nationally, housing prices were also on the rise, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA...

Pending-home sales return to negative territory in November

“There was less pending home sales action this time around, which I would ascribe to low housing supply, but also to buyers being hesitant about home prices," National Association of REALTORS® chief economist Lawrence...

New-home sales soar 12.4% in November

The median sales price of new homes hit a new high of...

NAR: Existing-home sales post third monthly gain in a row

The median existing-home sales price for all housing types rose again on an annual basis, marking 117 consecutive months of...

Seattle housing market maintains momentum in November

“The market is roaring along, with only half the seasonal slowdown we typically see from October to November.” — RE/MAX LLC President Nick...

LoanSnap closes home loan in less than 24 hours

LoanSnap said it used  its innovative AI technology, affectionately called Nell, to close the loan in the record-breaking amount of...

New-home construction ramps up in November as demand stays high

“November’s housing starts report signals strength for the housing market."  — First American deputy chief economist Odeta...

NAR: 2022 to bring rising interest rates and slower inflation, home-price growth

In unveiling its predictions, the National Association of Realtors also released its top 10 housing-market "hidden gems" for...

Builder confidence rises again in December despite inflation fears, production bottlenecks

"While 2021 single-family starts are expected to end the year 24% higher than the pre-Covid 2019 level, we expect higher interest rates in 2022 will put a damper on housing affordability." — NAHB chief economist Robert...

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