by Jim Crowder | Sep 21, 2012 | HOUSING MARKET
The Mortgage Bankers Association’s Weekly Mortgage Application Survey covers more than 75 percent of all U.S. retail residential mortgage applications. Last week, the report found average mortgage rates at the lowest level they’ve been since the survey...
by Jim Crowder | Sep 20, 2012 | HOUSING MARKET
Sales of previously owned homes spiked 7.8 percent in August, according to the National Association of Realtors. Total existing-home sales, which include single-family homes, townhomes, condominiums, and co-ops, rose to a seasonally adjusted annual rate of 4.82...
by Jim Crowder | Sep 19, 2012 | HOUSING MARKET
The National Association of Home Builders Housing Market Index measures builder confidence in the market for newly built, single-family homes. The monthly survey asks builders for their perceptions of the current market, traffic of prospective buyers, and expectations...
by Jim Crowder | Sep 18, 2012 | HOUSING MARKET
After comparing the cost of renting to the price of homeownership, Trulia’s Summer 2012 Rent vs. Buy Report determined that buying a home is more affordable than renting in America’s 100 largest metropolitan areas. Closing costs, maintenance, insurance,...
by Jim Crowder | Sep 17, 2012 | HOUSING MARKET
Recent home price reports show housing values are rising across the country. But, though price increases are good news for the economy and homeownership, they will typically have a negative affect on affordability conditions. According to the National Association of...
by Jim Crowder | Sep 14, 2012 | HOUSING MARKET
Last week, economic confidence experienced its greatest one-week improvement since Gallup began daily tracking in January 2008. Gallup’s index posted an 11-point spike in confidence, nearing a high for the year and ending an extended period where the index...
