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2013 Home Prices Continue To Increase
According to the S&P/Case-Shiller Home Price Indices, home prices grew impressively in January. The 20-city home price index grew by 8.1% from January 2012-January 2013. S&P Dow Jones chairman of the Index Committee David M. Blitzer said, “economic data...
U.S. Economy Grows
The current United States' economic outlook has grown this year, and according to the Organization for Economic Cooperation and Development, the economy is expected to grow by 3.5% by the end of the year's first quarter. The housing market recovery has played a...
Foreclosures Drop Significantly
The Office of the Comptroller of the Currency stated that loans in any stage of the foreclosure process dipped below 1 million by the end of 2012, showing a significant improvement for the first time since 2011. The amount of foreclosures completed in the last few...
Real Estate Equity Improves
Real estate equity increased to the largest percentage seen in 65 years, in 2012. According to Federal Reserve data, property values grew 25% and exceeded mortgage values by $8.2 trillion. Banks are also becoming more accommodating with home equity loans as the market...
Housing Market Growth Expands
The housing market growth has spread to 274 metropolitan cities according to the National Association of Home Builders Improving Markets Index. The expansion has brought new jobs and local tax revenues to an increasing amount of cities as well as home starts and...
Experts Suggest It’s Prime Time To Buy
Experts are suggesting buyers keep in mind how fast the prices of homes will increase as the housing market continues to improve. RealtyTrac vice president, Daren Blomquist explained that individuals or families who purchased their current home over the last 3 years...
Fixed-Mortgage Rates Decrease
Freddie Mac stated in the most recent Primary Mortgage Market Survey that fixed-mortgage rates decreased slightly last week, helping interest rates fall. 30-year fixed-rate mortgages hovered just under 4% over the last year and are expected to sustain the percentage...
Morgan Stanley Proprietary Index Indicates Future Home Price Growth
According to the most recent global securitized credit report, Morgan Stanley, a financial services firm, increased their U.S. home value appreciation forecast to nearly 7% this year. The company expects home prices to jump 5% in 2014 and rise roughly 4% in 2015. The...
New Construction Permits Reach Highest Level Since 2008
Housing starts continue to gain momentum. In February, new housing construction permits reached their highest level since 2008. The industrial average from the Dow Jones increased by 0.31%, and the SPX grew 0.25% while the NASDAQ also showed improvement increasing...
Home-Building Demand Soars
According to the National Association of Home Builders, builder confidence has dropped slightly, but home-building demand continues to increase. The Chairman at the NAHB, Rick Judson said, "many of our members are reporting increased demand for new homes in their...