3.22% for a 30 year, still ridiculously low.
30 year mortgage rate chart up to the week of November 18.
gearge.JPG
https://ycharts.com/indicators/30_year_mortgage_rate
Pending home sales rebounded sharply in October, despite rising mortgage rates
https://www.cnbc.com/2021/11/29/pend...age-rates.htmlSigned contracts on existing homes, so-called pending sales, jumped 7.5% from September, according to the National Association of Realtors.
The average rate on the popular 30-year fixed mortgage was just below 3% in mid-September, but climbed to 3.22% by the end of October, according to Mortgage News Daily.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
3.22% for a 30 year, still ridiculously low.
30 year mortgage rate chart up to the week of November 18.
gearge.JPG
https://ycharts.com/indicators/30_year_mortgage_rate
Selfishly, I just need it to all hold up for another 6ish months when I sell my house. If it does, buying this house at this duty station will have been my most profitable investment decision by a long shot.
January home sales jump 6.7% despite a record low supply
https://www.cnbc.com/2022/02/18/janu...ow-supply.htmlSales of previously owned homes in January rose 6.7% from December to a seasonally adjusted annualized rate of 6.5 million units, according to the National Association of Realtors.
The supply of homes for sale fell to a record low, down 16.5% from a year ago.
Tight supply and strong demand pushed the median price of a home sold in January to $350,300, an increase of 15.4% from January 2021.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Yea Zillow says my house value goes up practically every single day. It's nuts out there right now.
Shades of 2007+
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
My apartment within a year went up 20%, it's nuts. But I even think with a housing crash, the value won't go down much. Hawaii property costs barely flinched when 2008 happened, there's always gonna be a demand for property here. I'm glad I bought something rather than renting. Rent also went up like crazy since 2020. Places nearby that have been going for 1500 a month are going for near 2500 now.
Home-Price Growth Hit Record in 2021
Case-Shiller index measuring average home prices in major U.S. metropolitan areas rose 18.8%
https://www.wsj.com/articles/home-pr...hare_permalinkThe S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 18.8% in the 12 months that ended in December, unchanged from the prior month. The calendar-year increase was the highest since the index began in 1987.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
U.S. Home Prices Hit a Record of $375,300 in March
Jump in median price for existing homes came as mortgage-interest rates climbed sharply and a shortage of homes for sale continued
https://www.wsj.com/articles/u-s-hom...hare_permalinkExisting-home sales fell 2.7% in March from the prior month to a seasonally adjusted annual rate of 5.77 million, the National Association of Realtors said Wednesday. March sales fell 4.5% from a year earlier.
The median existing-home price rose 15% in March from a year earlier, NAR said. The $375,300 figure is a record high in data going back to 1999.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Home prices jumped nearly 20% in February, but slowdown may be coming, S&P Case-Shiller says
https://www.cnbc.com/2022/04/26/home...e-shiller.htmlHome prices increased 19.8% in February year over year, according to the S&P CoreLogic Case-Shiller national home price index.
The 10-city composite annual increase came in at 18.6%, up from 17.3% in the previous month. The 20-city composite was up 20.2%, rising from 18.9%.
Phoenix, Tampa, Florida, and Miami saw annual home price gains of 32.9% 32.6% and 29.7% respectively.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Pending home sales post surprise increase in May, likely due to brief pullback in mortgage rates
https://www.cnbc.com/2022/06/27/pend...se-in-may.htmlPending home sales, a measure of signed contracts on existing homes, rose slightly in May, up 0.7% compared with April, according the National Association of Realtors.
Buyers have been contending with rising mortgage rates since the start of this year, but rates actually pulled back slightly in May, and that may account for the sales gain.
Still, pending sales were over 13% lower than they were in May 2021.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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