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Asking Home Prices Rise To Largest Annual Increase To Date
According to Trulia Price Monitor, asking home prices have increased 3.8%, the largest yearly increase to date and November indicated an annualized growth rate of 10%, proof that home prices are rising. Jed Kolko, Trulia's Chief Economist says "The rise is due to job...
Existing Home Sales Increase By Almost 4%
According to Economic Forecasting And Analysis Company IHS Global Insight, home sales and home prices are up. In October, existing home sales increased from 2.1 percent to a seasonally adjusted rate of 4.79 million units. The Case-Shiller report and the Federal...
Pending Home Sales Reach Highest Level Since 2007
The National Association of Realtors' Pending Home Sales Index is an indicator of future existing home sales based on contract signings, not closings. In October, the index rose 5.2 percent from September's upwardly revised reading. That puts contract signings 13.2...
New Home Sales Hold Steady In October
The sales pace of new homes sold in October was virtually unchanged from the month before, according to estimates jointly released by the U.S. Census Bureau and the Department of Housing and Urban Development. Sales were down 0.3 percent to a seasonally adjusted...
Purchase Loan Demand Up Despite Holiday Week
According to the Mortgage Bankers Association's Weekly Applications Survey, the seasonally adjusted Purchase Index rose 3.0 percent last week after an adjustment for the Thanksgiving holiday. Despite the increase, the Market Composite Index, which measures both...
Economy Posts Third Quarter Gain, Housing Improves
Economic activity accelerated in the third quarter after a sluggish second quarter, according to Fannie Mae's Economic and Strategic Research Group. Their November outlook expresses encouragement based on recent increases in consumer spending and confidence but...
Home Prices Rise For Twelfth Straight Month
According to Zillow's Real Estate Market Report, home prices rose 1.1 percent in October, the twelfth consecutive month of increases and the largest gain since August 2005. Year-over-year, home values were up 4.7 percent, which is the biggest annual improvement since...
Increased Demand Boosts Builder Confidence in November
The National Association of Home Builders Housing Market Index measures builder confidence in the market for newly built, single-family homes on a scale where any number below 50 indicates that more builders view conditions as poor than good. In November, the index...
Purchase Index Up Despite Dip In Overall Mortgage Demand
According to the Mortgage Bankers Association's Weekly Applications Survey, mortgage application volume dipped last week despite an adjustment for the Veteran's Day holiday. The Market Composite Index, which measures total mortgage application volume, fell 2.2 percent...
Housing Starts Hit Four Year High In October
Figures released by the U.S. Census Bureau and the Department of Housing and Urban Development show privately owned housing starts up 3.6 percent in October, which puts them 41.9 percent above last year's rate. The improvement beat economists' expectations and helped...