by Jim Crowder | Apr 26, 2013 | HOUSING MARKET
More homeowners are regaining positive home equity while home prices shoot up to the highest annual increase in six years. Orawin Velz, Fannie Mae’s director of economics said, “the first annual rise in home prices on a national basis in six years...
by Jim Crowder | Apr 25, 2013 | HOUSING MARKET
According to the Mortgage Bankers Association mortgage application rose 0.2% last week while the refinance index also jumped 0.3%. The refinance share of overall mortgage activity stayed the same from the previous two weeks at 75%. Additionally, average 30-year...
by Jim Crowder | Apr 24, 2013 | HOUSING MARKET
New single-family home sales have grown to a seasonally adjusted rate of 417,000 units, a 1.5% increase according to the Commerce Department. New home inventory has also seen an increase, growing 2.0% with a total of 153,000 units. Sales have jumped 18.5% from...
by Jim Crowder | Apr 23, 2013 | HOUSING MARKET
According to Capital Economics’ most recent report, land values increased 14% during 2012’s first three quarters and was approximately four times larger than the increase seen in house prices. Housing availability and building materials have become highly...
by Jim Crowder | Apr 22, 2013 | HOUSING MARKET
Gallup conducted their annual Economy and Personal Finance survey polling 2,000 homeowners and renters. 51% of the poll respondents said they were expecting home prices to rise from the average local price. 37% expect home prices to stay the same while 12% expect to...
by Jim Crowder | Apr 19, 2013 | HOUSING MARKET
House flippers, individuals who buy and sell a home within a 6 month time, have become more active now that the housing market is making a comeback. According to the National Association of Realtors, home values have increased by 11.6% year-over-year while housing...
