Purchase

Home sales in November tumbled by 11.9% compared to last November, and sales over the first 11 months of 2019 are down 2.3% compared to the same period last year.

Single-family homes in Maine sold for more this November than last year, reflecting a national trend for higher home prices.

Mortgage applications decreased 5.3% on a seasonally adjusted basis from one week earlier led by a decline in conventional refinance loan demand, according to the Mortgage Bankers Association.

Freddie Mac reduced its origination forecast for 2020 to under $2 trillion, now projecting $184 billion less in refinance volume compared with its November outlook.

Houston secured the top spot in the new-home sales market in Texas as builders sold 1,481 new homes in the area in November.

Palm Beach County's housing market continues to confound the lofty expectations created by robust job growth and rock-bottom interest rates.

No matter who's doing the talking, Colorado Springs' red-hot housing market is expected to continue to sizzle next year, and possibly beyond.

Sales of new homes increased in November, capping the best three months for demand since 2007 and reflecting sustained momentum in a residential real estate market that’s helping to underpin the economy.

Pending new home sales increased both on a month-to-month and annual basis, benefitting from the current low mortgage rate environment, although they are still constrained by inventory issues, a Meyers Research report said.

First mortgage volumes continue to rise at credit unions, but home equity lines of credit have fallen dramatically in recent years.

Metro Atlanta home prices continued their climb in November as sellers continued to hold the advantage in negotiations.

Although the housing market in the Twin Cities metro posted only modest gains during November, house prices rose to a new high.

The critical defect rate for closed mortgage loans continued its decline in the second quarter, as lenders benefited from increased loan volume and profitability, an Aces Risk Management study found.

Mortgage rates ended the week unchanged from the previous seven-day period, according to Freddie Mac, although not without some gyrations from the results of the elections in the United Kingdom and U.S-China trade talks.

Sales of previously owned homes declined to a five-month low in November, indicating lean inventories are holding back a residential real estate market that's been supported by low mortgage rates and job growth.

Dallas-Fort Worth home sales and construction totals are expected to rise only modestly in 2020, but the expected increases could still be enough to push area home numbers to new highs.

Southern California house prices jumped 7.5% in the 12 months ending in November, the biggest gain in the state, according to the California Association of Realtors.

With housing projected to grow hand-in-hand with the economy, Fannie Mae boosted its single-family mortgage origination outlook for 2019, 2020 and 2021.

November was another month in the latter part of 2019 where actual existing-home sales outperformed their potential, but that momentum seems unlikely to continue in 2020, First American said.

Canadian home sales picked up in November as a rebound in Toronto and Vancouver offset weakness in Calgary.