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Economic Outlook Finds Hope For Housing Market
In an economic outlook from Mesirow Financial, chief economist Diane Swonk says, despite recent setbacks, there are enough positive indicators to expect a more significant housing recovery to begin to take hold later this year. In addition to high affordability...
Home Price Declines Slowing, Stabilizing in Much of the Country
Though home prices suffered declines during the first quarter of 2011, recent reports from CoreLogic and Clear Capital provide hope that prices are beginning to stabilize across much of the country. According to data from Clear Capital, home prices fell 1.3 percent...
Purchase Loan Volume Reaches Highest Level This Year
According to The Mortgage Bankers Association's Weekly Applications Survey, the seasonally adjusted Purchase Index jumped 6.7 percent last week, reaching its highest level this year. Despite the spike in purchase activity, the Market Composite Index, which measures...
Fannie Mae Foresees A Rocky But Modest Recovery Ahead
Fannie Mae's March Economic Outlook forecasts a bumpy but moderate recovery for the housing market in 2011. Boosted by overall economic growth and improvement in the labor market, total home sales will rise 7.0 percent and housing starts will increase 10.6 percent...