Purchasing power

December home sales in the Houston area jumped 14% from the year before, capping a dramatic turnaround over the course of 2019.

The Las Vegas housing market continues to ride a wave of stability as the median price for an existing single-family home in Southern Nevada last month was just under $313,000.

Consumer perception of the housing market ticked up slightly in December, as potential buyers remain bullish about making a home purchase in 2020, a Fannie Mae report said.

Home sales dropped in Toronto in December, but prices continued to rise as demand outstripped a dwindling supply of units available for purchase.

Metro Denver home prices, after years of effervescent gains, are going as flat as that unfinished bottle of champagne.

The drop in home buying power heightened the risk of misrepresentations on purchase mortgage loan applications during November, as consumers are more willing to fudge information in an uncertain market, First American Financial said.

Homebuyer purchase power took another big jump in October as wages grew and mortgage rates stayed low despite continuously tight housing inventory, according to First American Financial.

With more consumers believing it’s a great time to buy a home, the Home Purchase Sentiment Index had its best November since the index's release in 2011, according to Fannie Mae.

The latest monthly employment estimates for nondepository home lenders and loan brokers rebounded in October and rose year-to-year, reversing a downward trend in 12-month comparisons.

The Federal Housing Administration's loan limits will generally increase 5% next year, but changes in the composition of statistical areas will lead to decreases in 11 counties.

The supply of homes for sale in Atlanta continued to fall, which helped push prices higher last month, according to several reports.

Loan limits for most mortgages Fannie Mae and Freddie Mac buy will exceed $500,000 for the first time ever next year, and the maximum for most high-cost areas will be $765,000.

While affordability remains a challenge with the continued strain on housing supply, purchasing power took a big leap in September thanks to a rise in income and descending interest rates, according to First American Financial Corp.

Central Texas could be on pace for a ninth straight year of record-setting home sales, according to new data from the Austin Board of Realtors.

Existing-home sales outperformed their estimated potential for October on improved consumer buying power since the start of 2019 and lower mortgage rates, First American said.

Consumer mortgage originator satisfaction scores fell in the second quarter as lenders had to work through the increase in application activity, a J.D. Power report said.

Though still comparatively strong, consumer confidence in the housing market dropped again in October in response to economic uncertainty and lack of affordability, according to Fannie Mae.

Southern California house prices continued rising in September, although gains remain the smallest since the housing recovery began in the spring of 2012, new data shows.

Compass launched its bridge loan services program, aimed at giving homeowners more purchasing power and opportunity to buy a new house before selling theirs.

Home sales continued to perform in line with their potential in September and indicators suggest housing will keep flourishing through the fourth quarter, according to First American.