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Vince Salandro

Author’s articles

Single-family starts rebound in December

Vince Salandro October 18, 2023

However, forward-looking permit data reflects market uncertainty and the challenges of persistently high mortgage rates.
High mortgage rates continue to push housing sentiment lower

Vince Salandro October 9, 2023

Mortgage rates have surpassed home prices as the top reason it is a bad time to buy a home, according to the Fannie Mae Home Purchase Sentiment Index.
Is the economy headed towards a soft landing?

Vince Salandro September 12, 2023

Economists share projections for a potential soft landing, an economic recession, and what both scenarios could mean for the housing market.
Home prices rebound in August after two months of decline

Vince Salandro August 31, 2023

The inventory crunch in the housing market is putting upward pressure on prices, though Realtor.com does not project prices will reach the same peak levels as June 2022.
New home sales rebound, increase 4.4 percent in July

Vince Salandro August 23, 2023

The seasonally adjusted estimate of new-home inventory for sale remained above 400,000 for the 17th consecutive month.
Mortgage rates rise above 7 percent to highest level in over 20 years

Vince Salandro August 18, 2023

The 30-year fixed-rate mortgage (FRM) surpassed 7% for the week ending Aug. 17, reaching its highest level in over 20 years, according to the Primary Mortgage Market Survey from Freddie Mac. The 30-year FRM averaged 7.09%, up from 6.96% the prior week and from 5.13% during the same week a year ago.
Strength of new-home sales persists in June despite high rates

Vince Salandro July 21, 2023

New-home sales remained strong through June despite the persistence of high mortgage rates in the economy, according to Zonda’s New Home Market Update report.
April a banner month for new home sales

Vince Salandro May 19, 2023

Despite rising rates and prices, new home sales last month are higher than March, April 2022, and April 2019 levels, according to Zonda.
New home mortgage applications increase for the third straight month in April

Vince Salandro May 19, 2023

The year-over-year growth in application activity reflects improved demand for new homes amid low levels of resale inventory, according to the Mortgage Bankers Association.
Home prices increase in February

Vince Salandro April 26, 2023

Home prices inched up on a national level in February, according to the latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. However, eight of the 20 major metro markets analyzed reported lower prices on a year-over-year basis in February.
Lack of existing resale inventory buoys building confidence in April

Vince Salandro April 17, 2023

The NAHB/Wells Fargo Housing Market Index values for sales conditions and expectations in April were both at or above 50 for the first time since June 2022.
Judge blocks WOTUS rule in 24 states, a ‘victory’ for the housing industry

Vince Salandro April 13, 2023

The controversial rule the NAHB and NMHC say will negatively affect housing affordability remains in effect in 24 states.