Existing Home Sales Continue Upward Climb

The latest monthly data from the National Association of Realtors shows existing-home sales up 5.0 percent in December, the third consecutive month of gains. Sales of previously owned homes rose 3.6 percent over the previous year and, for all of 2011, sales were up...

Mortgage Demand Surges 23.1 Percent

According to the Mortgage Bankers Association’s Weekly Applications Survey, the Market Composite Index, which measures total mortgage loan application volume, surged 23.1 percent last week from the week before. Refinance activity was up 26.4 percent and reached...