by Jim Crowder | Nov 30, 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 4.21 percent last week from 4.23 percent the week before. The average 30-year...
by Jim Crowder | Nov 29, 2011 | HOUSING MARKET
The S&P/Case-Shiller Home Price Indices shows the U.S. National Home Price Index up just 0.1 percent from the second quarter. But, though the national index registered a drop of 3.9 percent from the third quarter of last year, the rate of decline improved over the...
by Jim Crowder | Nov 28, 2011 | HOUSING MARKET
After rising 5.7 percent in September, new home sales increased again in October. According to data released by the U.S. Census Bureau and the Department of Housing and Urban Development, sales of new single-family homes rose 1.3 percent above September’s rate...
by Jim Crowder | Nov 25, 2011 | HOUSING MARKET
A combination of demographics and vacancies provides hope for the housing market’s future, despite the relatively slow pace of the recovery. According to John Burns Real Estate Consulting, housing starts, sales, and prices have been fairly flat in recent months...
by Jim Crowder | Nov 23, 2011 | HOUSING MARKET
According to the Mortgage Bankers Association’s Weekly Applications Survey, the seasonally adjusted Purchase Index rose 8.2 percent last week to its highest level since August 12. Despite the gain in purchase demand, the Market Composite Index, which measures...
by Jim Crowder | Nov 22, 2011 | HOUSING MARKET
Existing-home sales, which include previously owned single-family houses, townhomes, condominiums, and co-ops, increased 1.4 percent in October, according to the National Association of Realtors. The gains put sales 13.5 percent above last year’s levels....
