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'Drastic Imbalances' Push Existing Home Prices to Record High

by devteam July 22nd, 2015

There was unabashedly good news from the National Association of Realtors® (NAR) this morning. Not only were existing home sales in June at the fastest pace in over eight years but the median price of an existing home exceeded the price peak established

Mortgage Applications, Rates Hit Summer Doldrums

by devteam July 22nd, 2015

With the distortions of the Independence Day holiday week and the subsequent week's recovery now history mortgage application activity settled down. Really settled down. As measured by the Mortgage Bankers Associations Market Composite Index the volume

Labor Shortages Adding to New Home Costs

by devteam July 21st, 2015

Since the recession officially ended a lack of labor and materials has blamed in part for the sluggishness of new home construction, at least by the National Association of Home Builders (NAHB). Now they have proof that not only are the labor shortages

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