by Jim Crowder | Jun 27, 2012 | HOUSING MARKET
CoreLogic reports that the current shadow inventory has fallen by 14.8 percent since April 2011 and now stands at 1.5 million units, or a four-month supply. Shadow inventory, also known as pending supply, refers to the number of distressed properties that are...
by Jim Crowder | Jun 26, 2012 | HOUSING MARKET
Estimates released by the U.S. Department of Housing and Urban Development and the U.S. Department of Commerce show sales of newly built single-family homes at a seasonally adjusted annual rate of 369,000 in May. That is 7.6 percent above the revised April rate and...
by Jim Crowder | Jun 25, 2012 | HOUSING MARKET
According to the National Association of Realtors, sales of existing homes fell 1.5 percent in May but remain 9.6 percent above last year’s pace. Existing-home sales include single-family, townhomes, condominiums, and co-ops. Lawrence Yun, NAR’s chief...
by Jim Crowder | Jun 22, 2012 | HOUSING MARKET
According to the National Association of Home Builders Improving Markets Index, 28 new entrants made the list in June and 31 states now have at least one metropolitan area represented. Despite the gains in regional diversity, however, the total number of improved...
by Jim Crowder | Jun 21, 2012 | HOUSING MARKET
According to the Mortgage Bankers Association’s Weekly Applications Survey, total mortgage application volume fell 0.8 percent last week after surging 18.0 percent the week before. The Refinance Index was up 1.0 percent from a week earlier while the Purchase...
by Jim Crowder | Jun 20, 2012 | HOUSING MARKET
The U.S. Census Bureau and the Department of Housing and Urban Development released their new residential construction report for May 2012. According to the data, housing starts are up 28.5 percent above last year’s level but down 4.8 percent from April’s...
