Tuesday, 22 June 2021 | The Latest Buzz for the Appraisal Industry

Next New Home Sales Report Should End Slump; Rates are Actually Higher This Week

That applications for mortgages to purchase newly constructed homes rose 30.8 percent in April compared to a year ago is not a particularly useful piece of data given the state the global economy was enduring in April 2021. However, it is good news that the Mortgage Bankers Association (MBA) estimates that new home sales are expected to increase by 8 percent when the April numbers are published. MBA says its estimate of new home sales

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