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Home Prices Rise In Many Vacation Areas
According to Trulia, a real estate website, home prices in popular travel and vacation areas are up. On May 1st, the recorded median asking price for homes in vacation areas increased 1% from 2012. Vacation home sales are not rebounding as quickly as homes in other...
Home Prices Increase by 6.7%
Home prices continue to rise increasing 1.9% from the previous quarter. According to the Federal Housing Finance Agency, May has marked the seventh consecutive quarterly price rise in the purchase-only, seasonally adjusted index rate. From the first quarter of 2012 to...
Mortgage Rates Near This Year’s High
According HSH's Weekly Mortgage Rates Radar, mortgage rates have inched up from last week. 30-year fixed-rate mortgages rose 0.07% from last week, averaging 3.68% this week while conforming 5/1 Hybrid Adjustable Rate Mortgage rates also jumped 3 basis points averaging...
Housing Market Growth Proves Profitable For Home-Improvement Stores
The housing market continues to improve, helping many home-improvement retailers gain more revenue as more consumers invest in home projects. Home Depot Inc, the largest home improvement retail store in the United States posted their first-quarter profit showing their...
Economy Expected To Accelerate As Year Continues
According to Fannie Mae's economic outlook the economy is expected to grow as the year continues and the housing market improves. The housing market is expected to continue building the economy well into 2014, according to many experts. The chief economist for Fannie...
Mortgage Rates Increase
According to Freddie Mac, mortgage rates have increased. A recent survey reported that mortgage lenders have been offering 30-year fixed-rate loans at an average of approximately 3.51% showing signs of a more stable economy. Consumer retail sales grew in April when...
Housing Market Confidence Jumps 3 Points
According to the National Association of Home Builders index, housing market confidence has increased 3 points from April to May averaging around 44 points. The chairman of the building association, Rick Judson said, "builders are noting an increased sense...
Mortgage Applications Up 10% From Last Year
Mortgage applications fell slightly last week from the previous week as home purchase filings and refinancing slowed down. According to the Mortgage Bankers Association, mortgage applications decreased by 7.3%, but experts suggest that many times after a boost in...
U.S. Housing Affordability Hits High Levels
According to the National Association of Realtors, United States housing affordability has increased to historically high levels in 2013's first quarter. 73.7% of new and existing homes sold in the first three months of the year were considered affordable for...
Housing Market Recovery Spreads
The housing market continues to recover and spread to more areas as home prices in many metropolitan cities experienced their largest gain year-over-year in over seven years. The median closing price has increased by 11.3% for existing single-family housing, averaging...