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Existing Home Sales, Prices Rise In October
According to the National Association of Realtors, sales of existing homes increased 2.1 percent in October. The improvement put sales 10.9 percent above where they were a year ago. Lawrence Yun, NAR's chief economist, said home sales continue to trend upward and, due...
Foreclosure Filings Fall Nearly 20 Percent From 2011
RealtyTrac's U.S. Foreclosure Market Report for October 2012 shows foreclosure filings, including default notices, scheduled auctions, and bank repossessions, are down 19 percent from October 2011, though they rose 3.0 percent from the month before. Daren Blomquist,...
Housing Outlook Sets Expectations For A Healthy Market
Freddie Mac's November U.S. Economic and Housing Market Outlook defines what a healthy housing market will look like over the next five years. Using recent trends, key indicators, and shifting demographic patterns, Freddie Mac's forecast sets expectations for a...
Mortgage Application Demand Surges 12.6 Percent
According to the Mortgage Bankers Association's Weekly Applications Survey, total mortgage loan application volume rose 12.6 percent last week, following the previous week's decline. Michael Fratantoni, MBA's vice president of research and economics, said the East...
October Housing Scorecard Finds Market On The Mend
Each month, the U.S. Department of the Treasury and the Department of Housing and Urban Development release a housing scorecard that highlights key market data and the results of federal recovery efforts. In October, the scorecard found positive price trends, low...
Job Creation Holds Near Four Year High In October
Gallup's Job Creation Index gauges whether American workplaces are adding or shedding employees by asking nearly 17,000 adults via telephone survey whether their employer is hiring or not. In October, the index moved up a point from September, remaining near the...
Americans Growing More Confident In Housing Market
Americans are growing ever more confident in the housing market, according to Fannie Mae's October 2012 National Housing Survey. The survey gauges consumers' attitudes toward owning a home, renting, prices, mortgage rates, household finances, and overall confidence in...
East Coast Storm Slows Mortgage Demand
According to the Mortgage Bankers Association's Weekly Applications Survey, mortgage application demand fell last week due to the effects of the storm on the East Coast. The Market Composite Index, which measures total mortgage loan application volume, was down 5.0...
Improving Markets Index Adds 22 Metros In November
The National Association of Home Builders Improving Markets Index identifies metropolitan areas that have experienced at least six consecutive months of improvement in housing permits, employment, and home prices since their respective bottoms. In November, the list...
Home Prices Continue Climb In October
Each month, Trulia's Price and Rent Monitors are among the earliest indicators of trends in home prices and rental costs. October's results found yet another sign that home values are on the rise across the country. Asking prices for available homes increased 2.9...