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Mortgage Applications Surge To Highest Level Since 2009
According to the Mortgage Bankers Association's Weekly Applications Survey, total mortgage loan application volume surged 18.0 percent last week, reaching its highest level since May 2009. The sharp increase was due, in part, to the Memorial Day adjustment in the...
Housing Scorecard Finds Promise in Recent Market Data
The U.S. Department of Housing and Urban Development and the U.S. Department of the Treasury released their May Housing Scorecard, which collects key market data and tracks the administration's recovery efforts. According to the May scorecard, recent market data...
Americans Expect Home Price Increases, Say It’s Time To Buy
Each month, Fannie Mae's National Housing Survey polls more than 1,000 Americans to assess their attitudes toward homeownership, renting, the economy, household finances, mortgage rates, and overall consumer confidence. In May, the survey found Americans hopeful about...
Foreclosure Account For 26 Percent Of First Quarter Sales
According to RealtyTrac's Q1 2012 U.S. Foreclosure Sales Report, homes in some stage of foreclosure accounted for 26 percent of all residential sales during the first quarter. There were 233,299 foreclosures sold during the first three months of 2012, an increase of...
Census Bureau Releases Characteristics Of New Housing Report
The U.S. Census Bureau's Characteristics of New Housing report provides annual statistics on new privately owned residential structures, including size, price, number of bedrooms, financing, and types of construction material. The numbers offer a snapshot of the types...
Refinance Activity Hits Four Month High
According to the Mortgage Bankers Association's Weekly Applications Survey, refinance activity was at its highest level since February 10 last week, after climbing 2.0 percent from the previous week. The Market Composite Index, which measures total mortgage loan...
Prospective Buyers Say Owning A Home Is Vital Part Of American Dream
A recent survey of more than 1,300 consumers found that Americans believe homeownership remains a vital part of achieving the American dream and associated feelings of pride with buying their first home. The poll, which assessed Americans' perceptions of...
Housing Barometer Finds Market Recovering Steadily
Trulia's Housing Barometer is a monthly analysis of key market indicators, including housing starts, existing-home sales, and the delinquency and foreclosure rates. The barometer compares current conditions with pre-bubble levels and where the numbers were at their...
Economic Confidence Rises To Four Year High
Americans' view of the economy continues to improve, according to the most recent reading of Gallup's Economic Confidence Index. The Index has improved 11 points since the beginning of the year and is up 38 points since last summer when it fell to a near-record low...
Pending Home Sales Nearly 15 Percent Above Last Year
The National Association of Realtors' Pending Home Sales Index is an indicator of future existing-home sales based on contract signings but not closings. In April, the index declined 5.5 percent from March's revised estimate but is 14.4 percent above April 2011....