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Foreclosure Rates Aid The Housing Market
Foreclosure rates have dropped from last year by 18% according to CoreLogic. In November 2011 foreclosure completions hovered around 72,000 compared to November 2012 when numbers fell 23%, reaching only 55,000 foreclosure completions. Mark Fleming, chief economist for...
Residential Construction Continues To Increase
Residential construction spending has steadily increased over the last 8 months, with November reaching 0.4 percent. Paul Ashworth, chief U.S. economist for Capital Economics said, "this is a volatile series month to month, the recent surge in housing starts suggests...
2012 Considered To Be A Successful Year
2012 is being called a successful 12 months overall. The U.S housing market has picked up speed while financial institutes grow and businesses thrive. According to the National Association of Realtors, pending home sales have grown 3 months in a row and are now at...
2012 Mortgage Report Shows Rates At Record Low
2012's final mortgage rate report showed that mortgage rates have fallen near record lows, keeping home prices low and home affordability at a significantly high percent. According to Freddie Mac's Primary Mortgage Market Survey, 30-year fixed rate mortgage loans...
Unemployment Rate Drops Lowest In Years
Jobs are growing in the U.S as the number of Americans filing for unemployment aid drops. Last week, the unemployment aid requests dropped to nearly its lowest level in four years and six months. Employers are hiring at a quicker rate, and the claims data shows that...
Home Buyers Feel Pressure To Purchase Fast
Confidence is growing in many home buyers while the sense of urgency to purchase quickly may, as well, be growing. 70% of home buyers believe that home prices will continue to rise and are acting accordingly. Only 30% of future buyers believed that home prices will...
Housing Market Recovery Rises To 51%
The housing market is continuing to improve according to Trulia, an online residential real estate site. The housing market in October was suggested to be 47% back to normal. Last month the U.S stepped over the halfway mark making the housing market recovery adjust to...
Housing Market Stays Strong
According to Fannie Mae’s Economic & Strategic Research Group, the housing market is still standing strong while in a slower season. Economic activity has taken a slower pace over the last month with many doubts over the fiscal cliff. The recent decrease is not...
Previously Occupied Home Sales Jump 5.9%
According to the National Association of Realtors, U.S. sales of previously occupied homes increased 5.9% last month, jumping 4.76 million from October. November now holds the highest level of previously occupied home sales in three years. Sales have...
New Housing Completions Continue To Grow
New housing starts on private residences in November came in 3% below the October estimate of 888,000 starts, according to the U.S. Census Bureau and the Department of Housing and Urban Development. While the estimated percentage was not met, analysts with...