by Jim Crowder | Aug 27, 2012 | HOUSING MARKET
The U.S. Census Bureau and the Department of Housing and Urban Development released their new home sales estimates for July. According to the data, sales of newly built single-family homes rose 3.6 percent to a seasonally adjusted annual rate of 372,000. June’s...
by Jim Crowder | Aug 24, 2012 | HOUSING MARKET
Sales of previously owned homes increased 2.3 percent to a seasonally adjusted annual rate of 4.47 million in July, according to the National Association of Realtors. The improvement over June’s rate of 4.37 million put existing-home sales 10.4 percent above...
by Jim Crowder | Aug 23, 2012 | HOUSING MARKET
According to the Mortgage Bankers Association’s Weekly Applications Survey, refinance activity fell last week as average mortgage rates increased. The Market Composite Index, which measures both refinance and purchase activity, fell 7.4 percent from the week...
by Jim Crowder | Aug 22, 2012 | HOUSING MARKET
Since Realtor.com began keeping record of monthly for-sale inventory in 2007, the number of homes on the market has fallen nearly 40 percent. In fact, the total number of homes for sale across the country in July was 1.866 million units, a historic low and a 19.25...
by Jim Crowder | Aug 21, 2012 | HOUSING MARKET
Nearly 74 percent of all new and existing homes sold during the second quarter of this year were affordable to a family earning the national median income of $65,000, according to the National Association of Home Builders Housing Opportunity Index. But though...
by Jim Crowder | Aug 20, 2012 | HOUSING MARKET
The latest estimates from the U.S. Census Bureau and the Department of Housing and Urban Development show permits to build privately-owned housing units reached a four-year high in July. Building permits rose 6.8 percent from June’s rate of 760,000 to a...
