by Jim Crowder | Feb 28, 2012 | HOUSING MARKET
Pending home sales measure contract signings, not closings, and are a good indicator of future sales. In January, the National Association of Realtors’ Pending Home Sales Index reached its highest level since April 2010. The index was up 2.0 percent from...
by Jim Crowder | Feb 27, 2012 | HOUSING MARKET
Homes are more affordable now than anytime in the past 20 years, according to the National Association of Home Builders Housing Opportunity Index. The index measures the percentage of homes affordable to a family making the national median income of $64,200. During...
by Jim Crowder | Feb 24, 2012 | HOUSING MARKET
The U.S. Census Bureau and the Department of Housing and Urban Development’s New Residential Sales report for January shows sales of new single-family homes were 0.9 below December’s upwardly revised annual rate of 324,000. The revision to December’s...
by Jim Crowder | Feb 23, 2012 | HOUSING MARKET
According to the Mortgage Bankers Association’s Weekly Applications Survey, mortgage applications decreased 4.5 percent last week from the week before. Despite the decline, the Market Composite Index, which measures mortgage applications volume, is relatively...
by Jim Crowder | Feb 22, 2012 | HOUSING MARKET
The National Association of Realtors reports that existing-home sales rose again in January, the third improvement in the past four months. Sales of previously owned homes, including single-family, townhomes, condominiums, and co-ops, increased 4.3 percent to an...
by Jim Crowder | Feb 21, 2012 | HOUSING MARKET
The number of homes for sale nationwide fell for the eighth-straight month in January and is now 23.2 percent below last year’s levels. According to data from Realtor.com, inventory dropped 6.59 percent from the month before which, along with stabilizing prices,...
