by Jim Crowder | Apr 18, 2013 | HOUSING MARKET
Fannie Mae reported a relatively modest growth in the economy, averaging 2.3% in the latest outlook. Though, the housing market is said to be in full swing and expected to continue to grow throughout the year, aiding the economy’s restoration. Fannie Mae’s...
by Jim Crowder | Apr 17, 2013 | HOUSING MARKET
Housing starts increased from February to March by 7% according to the U.S Census Bureau, rising to an annual rate of 1.03 million units. Home completions also climbed 11% in March averaging approximately 800,000 units, 36.3% more than last year. Bob Walters, Quicken...
by Jim Crowder | Apr 16, 2013 | HOUSING MARKET
According to Freddie Mac’s Primary Mortgage Market Survey, U.S. fixed-rate mortgages continue to fall, aiding the housing market’s recovery. 30-year fixed-rate mortgages decreased to 3.43% last week, down .9% from the previous week. 15-year fixed-rate...
by Jim Crowder | Apr 15, 2013 | HOUSING MARKET
The nation’s foreclosure filings dropped to 442,117 filings in 2013, 23% lower than this time last year. According to RealtyTrac, a real estate data firm, foreclosure filings fell to the lowest level since 2007. The trend is expected to increase each month as...
by Jim Crowder | Apr 12, 2013 | HOUSING MARKET
According to the Labor Department, weekly unemployment aid applications fell by 42,000 last week showing improvement in job growth. Last month, employers added only 88,000 jobs while in February 220,000 jobs were added to the market. The Labor Department spokesman...
by Jim Crowder | Apr 11, 2013 | HOUSING MARKET
According to recent data, the number of homes for sale in the U.S. increased approximately 2.4% from February to March. Inventory is down around 15% from this time last year causing home prices to rise. However, spring season is here and is expected to help fuel home...
