by Jim Crowder | Dec 8, 2011 | HOUSING MARKET
Using employment data from the Bureau of Labor Statistics, home-price appreciation info from Freddie Mac, and Census Bureau estimates on single-family permit growth, the National Association of Home Builders’ Improving Markets Index generates a list of housing...
by Jim Crowder | Dec 7, 2011 | HOUSING MARKET
According to the Mortgage Bankers Association’s Weekly Applications Survey, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances fell to 4.18 percent from 4.21 percent the previous week. The drop brought rates to...
by Jim Crowder | Dec 6, 2011 | HOUSING MARKET
A panel of industry analysts, insiders, and experts brought together for a recent mortgage-banking conference expressed hope for the housing market but cautioned that the rate of recovery will vary greatly depending on location. Eric Fox, vice president of statistical...
by Jim Crowder | Dec 5, 2011 | HOUSING MARKET
In November, the unemployment rate dropped to 8.6 percent. The decline was the largest since the recession began and marked the first time the rate has fallen below 9.0 percent since March 2009. The data from the U.S. Bureau of Labor Statistics shows private...
by Jim Crowder | Dec 2, 2011 | HOUSING MARKET
According to analysis from Radar Logic, the housing market is showing increasing signs of stabilization and short-term trends indicate supply and demand are returning to normal. The RPX Monthly Housing Market Report reflects the 28-day aggregated value of Radar...
by Jim Crowder | Dec 1, 2011 | HOUSING MARKET
Pending home sales surged in October, rising 10.4 percent above September’s pace and 9.2 percent above last year. According to the National Association of Realtors, pending sales, which reflect contract signings but not closings, were up 17.7 percent in the...
