HBA of Southeastern Michigan
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    NAHB Eye on Housing

    Unexpected Decline in Consumer Confidence in July
    Friday July 31st, 2015 03:11:26 PM Jing Fu
    Consumer sentiment and consumer confidence are two indexes showing consumers’ perceptions of current business, income and employment conditions, as well as their expectations for the future’s economy. In July, both the University of Michigan Index of Consumer Sentiment and the Conference Board Consumer Confidence Index declined unexpectedly after the solid growth in June. Despite the monthly declines the indexes have... Read More ›

    GDP Growth in the Second Quarter – Consumer Strength, Better Data
    Thursday July 30th, 2015 10:16:57 PM Robert Denk
    The Bureau of Economic Analysis (BEA) released its “advance” estimate of real GDP growth for the second quarter of 2015 and revisions to historical estimates back to 2012. Real GDP grew at a seasonally adjusted annual rate of 2.3%, accelerating from a 0.6% rate in the first quarter. Personal consumption expenditures (PCE) contributed most of the growth (2.0%). Contributions from... Read More ›

    New Home Loans: Rates and House Prices Both Increase
    Thursday July 30th, 2015 01:58:12 PM Paul Emrath
    Interest rates on conventional mortgages used to buy newly built homes increased in June, according to data released earlier today by the Federal Housing Finance Agency (FHFA).  The data show the average contract interest rate increasing by 9 basis points to 3.86 percent, the highest it’s been since January. The average initial fees and charges on the loans decreased by... Read More ›

    Federal Open Market Committee July Meeting – Afternoon Tea
    Wednesday July 29th, 2015 08:36:43 PM Robert Denk
    At 2:00 pm today the Federal Reserve’s monetary policy setting committee, the Federal Open Market Committee (FOMC), concluded its July meeting and released the standard post-meeting statement. Let the reading of the tea leaves begin. Analysts’ expectations for the meeting were for no major changes and the FOMC delivered: marginal changes in the assessment of economic conditions (more later), no... Read More ›

    Pending Sales – Another Bump in the Ride Up
    Wednesday July 29th, 2015 02:59:41 PM Stephen Melman
    The Pending Home Sales Index declined in June after reaching the highest level in over nine years in May. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), decreased 1.8% in June, but is up 8.2% from the same month a year ago, and has increased year-over-year for... Read More ›

    CNN - Real Estate News

    Now you can buy Jesse Pinkman's house
    Wednesday July 29th, 2015 05:58:10 PM
    The house Jesse Pinkman owned in Breaking Bad is up for sale.

    Foreign crooks are laundering billions in London real estate
    Tuesday July 28th, 2015 03:50:59 PM
    Read full story for latest details.

    What will your monthly mortgage payment be?
    Monday February 2nd, 2015 03:53:13 PM
    In the market for a new home? Or planning to refinance? Find out what your monthly payment will be.

    Mike Bloomberg buys historic London mansion for $25 million
    Wednesday July 29th, 2015 10:00:58 AM
    Read full story for latest details.

    Donald Trump sells Manhattan penthouse for $21 million
    Monday July 27th, 2015 10:04:36 PM
    Read full story for latest details.

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