The number of homes under contract to sell rose in June for the fifth straight month. It’s the Pending Home Sales Index’s longest winning streak since 2003 and another piece of evidence that the housing market may be rebounding. The supply of new homes is falling The supply of existing homes is falling The Case-Shiller [...]

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Where does the money go? If you’re like most U.S. consumers, more than half of it goes to housing and transportation costs. According to the government’s most recent Consumer Expenditure Survey, spending patterns are little changed from years prior. More money is spent on entertainment and less money is spent on dining out. Beyond that, [...]

Mortgage markets improved last week despite a series of volatile trading sessions. A combination of weaker-than-expected economic data and massive-sized Treasury auctions kept investors guessing and mortgage rates moving. Weak data nudged rates lower Treasury auctions pushed rates up By Friday, however, momentum was in favor of lower rates and that’s how the week finished [...]