by Jim Crowder | Feb 11, 2013 | HOUSING MARKET
Over the last five months, mortgage applications have increased. Last month alone, mortgage applications increased 1.8%, the highest level seen in over a year. A stronger mortgage application demand will create a path for a more stable housing market and an improving...
by Jim Crowder | Feb 8, 2013 | HOUSING MARKET
A housing survey conducted by the Federal National Mortgage Association, Fannie Mae, showed that many consumers still have a positive view about the housing economy. The survey conducted last month found that 41% of consumers are confident that home prices will...
by Jim Crowder | Feb 7, 2013 | HOUSING MARKET
Asking prices for homes have increased 5.9 % from last year and are expected to continue to grow at a seasonally adjusted rated of 0.9%. According to the monthly report released by Trulia.com, a trusted online real estate site, 86 major metropolitan...
by Jim Crowder | Feb 6, 2013 | HOUSING MARKET
The Federal Reserve reported that many U.S banks lowered their credit standards in November and have since reported a rising number of loan requests and higher demand for residential mortgage loans. The Federal Reserve stated, “modest fractions of domestic banks...
by Jim Crowder | Feb 5, 2013 | HOUSING MARKET
According to Freddie Mac, 84% of refinancing homeowners have continued to lower their principal balance by paying more at the point of sale. 46% of borrowers held the same loan amount, while 39% of borrowers lowered their principal balance. Interest rate reductions...
by Jim Crowder | Feb 4, 2013 | HOUSING MARKET
“The construction job recovery has clearly arrived,” said Jed Kolko, chief economist at Trulia, a real estate data analysis firm. Economists had known for several months of 2012 that the market was turning around, due to home-builders breaking ground on...
