by Jim Crowder | Dec 10, 2012 | HOUSING MARKET
Parameters established by the National Association of Home Builders/First American Improving Markets Index (IMI) states the housing market is considered to be improving. Many metropolitan areas are being restored, and the improved housing market in metros have...
by Jim Crowder | Dec 7, 2012 | HOUSING MARKET
According to recent data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, mortgage applications increased by 4.5% from the previous week. Also, the refinance share of mortgage activity grew to 83% opposed to last week’s...
by Jim Crowder | Dec 6, 2012 | HOUSING MARKET
According to Lender Processing Services, foreclosure starts in October dropped to 21.9%. In 2011, October starts dropped even lower to 47.8%. The Lender Processing Services gives warning not to assume the drop in foreclosure starts will result in an improving housing...
by Jim Crowder | Dec 5, 2012 | HOUSING MARKET
According to Trulia Price Monitor, asking home prices have increased 3.8%, the largest yearly increase to date and November indicated an annualized growth rate of 10%, proof that home prices are rising. Jed Kolko, Trulia’s Chief Economist says “The rise is...
by Jim Crowder | Dec 4, 2012 | HOUSING MARKET
According to Economic Forecasting And Analysis Company IHS Global Insight, home sales and home prices are up. In October, existing home sales increased from 2.1 percent to a seasonally adjusted rate of 4.79 million units. The Case-Shiller report and the Federal...
by Jim Crowder | Dec 3, 2012 | HOUSING MARKET
The National Association of Realtors’ Pending Home Sales Index is an indicator of future existing home sales based on contract signings, not closings. In October, the index rose 5.2 percent from September’s upwardly revised reading. That puts contract...
