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Stabilizing Prices Bring Forecasts Of Future Improvement
A roundup of price reports and recent housing data from the National Association of Realtors finds that, though home values showed slight declines in January, there are signs of further price stabilization due to improving inventory levels, declining distressed...
Housing Analysis Says Many Markets Bottomed In 2009
According to data released by Pro Teck Valuation Services, many housing markets across the country bottomed in 2009, despite industry analysts saying prices had further to fall. The data shows that many markets are already stabilizing or rebounding. Tom O'Grady, Pro...
Report Finds Foreclosure Inventory Falling
CoreLogic's National Foreclosure Report provides monthly data on completed foreclosures, foreclosure inventory, and delinquencies over 90 days. In their February report, CoreLogic found that there are 1.4 million homes in the foreclosure inventory, which is down from...
Spring Selling Season May Be Best In Years
A number of factors have experts and industry insiders expecting a strong spring-selling season this year. Nearly half of all home sales happen during the months of April, May, June, and July and this year, with the economy and job market showing signs of growth, the...
Demand For Purchase Loans Increases For Fifth Straight Week
According to the Mortgage Bankers Association's Weekly Applications Survey, demand for home purchase loans increased again last week. The seasonally adjusted Purchase Index was up 3.3 percent from the week before and is up 2.14 percent over the past four weeks. But...
Real Estate Pros Express Confidence In Market Recovery
The National Association of Realtors' Confidence Index is based on a monthly survey sent out to 50,000 real-estate professionals assessing expectations for home sales, prices, and the overall market. February's report finds confidence and expectations on the rise amid...
Pending Home Sales Up 9.2 Percent From 2011
According to the National Association of Realtors' Pending Home Sales Index, contract signings were relatively flat in February, down 0.5 percent from January. But despite a slow month, pending home sales were 9.2 percent above February 2011. Lawrence Yun, NAR's chief...
New Home Sales Slip, Prices Hit Eight Month High
The U.S. Department of Housing and Urban Development and U.S. Department of Commerce's New Residential Sales Report for February shows sales of new homes fell 1.6 percent from January to a seasonally adjusted annual rate of 313,000. But though sales slipped from the...
Existing Home Sales Up 8.8 Percent From Last Year
Sales of previously owned homes fell 0.9 percent in February but remain 8.8 percent above a year ago. According to data from the National Association of Realtors, existing-home sales, which include single-family homes, townhomes, condominiums, and co-ops, were at a...
Survey Says Purchase Index Up 3.25 Percent
Mortgage rates increased last week but remain historically low, according to the Mortgage Bankers Association's Weekly Applications Survey. The average contract interest rate for 30-year fixed-rate mortgages rose to 4.19 percent last week from 4.06 percent the week...