by Jim Crowder | May 23, 2012 | HOUSING MARKET
The National Association of Realtors’ existing-home sales report for April shows a 3.4 percent rise in sales of previously owned homes. Total existing-home sales, which include single-family homes, townhomes, condominiums, and co-ops, rose to a seasonally...
by Jim Crowder | May 22, 2012 | HOUSING MARKET
An unusually warm winter may be influencing the pace of spring home sales, according to a new outlook from Fannie Mae’s Economic & Strategic Research Group. The housing market got off to a fast start at the beginning of the year but monthly data suggests...
by Jim Crowder | May 21, 2012 | HOUSING MARKET
The National Association of Realtors’ Housing Affordability Index measures the relationship between median home price, family income, and average mortgage rate to determine how affordable it is to buy a home in the current housing market. During the first...
by Jim Crowder | May 18, 2012 | HOUSING MARKET
According to estimates from the U.S. Census Bureau and the Department of Housing and Urban Development, privately-owned housing starts in April were at a seasonally adjusted annual rate of 717,000. That’s 2.6 percent above March’s revised number and 29.9...
by Jim Crowder | May 17, 2012 | HOUSING MARKET
According to the Mortgage Bankers Association’s Weekly Applications Survey, the Market Composite Index, which measures total mortgage loan application volume, was up 9.2 percent last week due to a 13.0 percent surge in the Refinance Index. The seasonally...
by Jim Crowder | May 16, 2012 | HOUSING MARKET
Builder confidence in the market for newly built, single-family homes rose five points to 29 in May, according to the National Association of Home Builders Housing Market Index. The improvement brought the index to its highest level since May 2007. Barry Rutenberg,...
