by Jim Crowder | Jun 1, 2012 | HOUSING MARKET
The National Association of Realtors’ Pending Home Sales Index is an indicator of future existing-home sales based on contract signings but not closings. In April, the index declined 5.5 percent from March’s revised estimate but is 14.4 percent above April...
by Jim Crowder | May 31, 2012 | HOUSING MARKET
According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell to yet another new survey low last week. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances fell to 3.91...
by Jim Crowder | May 30, 2012 | HOUSING MARKET
According to Freddie Mac’s most recent U.S. Economic and Housing Market Outlook, first-quarter economic data contains many encouraging signs for the general economy and housing market. Early estimates say the economy grew at 2.2 percent during the first quarter,...
by Jim Crowder | May 29, 2012 | HOUSING MARKET
The Federal Housing Finance Agency’s home price index posted its first year-over-year improvement since 2007 in a report that also included quarterly and monthly gains. According to the index, which is calculated using sales price data from Fannie Mae and...
by Jim Crowder | May 25, 2012 | HOUSING MARKET
The U.S. Department of Housing and Urban Development and the U.S. Department of Commerce released their New Residential Sales report for April. According to the report, sales of new single-family homes rose 3.3 percent over March’s revised rate and are 9.9...
by Jim Crowder | May 24, 2012 | HOUSING MARKET
According to the Mortgage Bankers Association’s Weekly Applications Survey, refinance activity spiked 5.6 percent last week, as average mortgage rates hit another new low. The Increase in refinance application demand pushed total mortgage loan application volume...
