by Jim Crowder | Nov 21, 2011 | HOUSING MARKET
The seasonally adjusted delinquency rate, which includes all loans that are at least one payment past due, fell to 7.99 percent in the third quarter, according to the Mortgage Bankers Association’s National Delinquency Survey. The drop brought the delinquency...
by Jim Crowder | Nov 18, 2011 | HOUSING MARKET
Despite a turn downward in September, permits to build privately-owned housing units rose 10.9 percent in October to a seasonally adjusted annual rate of 653,000, 17.7 percent above last year’s estimate. Permits to build single-family homes gained 5.1 percent...
by Jim Crowder | Nov 17, 2011 | HOUSING MARKET
The National Association of Home Builders/Wells Fargo Housing Market Index measures builder confidence in the market for newly built, single-family homes. In November, the index rose three points to 20, the second consecutive month of gains. David Crowe, NAHB’s...
by Jim Crowder | Nov 16, 2011 | HOUSING MARKET
According to The Mortgage Bankers Association’s Weekly Applications Survey, the average contract interest rate for 30-year fixed-rate mortgages increased to 4.23 percent last week from 4.22 percent the week before. The 30-year rate on jumbo loans fell to 4.56...
by Jim Crowder | Nov 15, 2011 | HOUSING MARKET
Often cited as one of the primary factors behind the slow pace of the housing market’s recovery, consumer sentiment hit a five-month high in November after rising for the third month in a row. The Thomson Reuters/University of Michigan consumer sentiment index...
by Jim Crowder | Nov 14, 2011 | HOUSING MARKET
According to Lawrence Yun, chief economist for the National Association of Realtors, the best affordability conditions since 1970 combined with a significant level of pent-up demand will lead to an improvement in home sales and the overall housing market in 2012. Yun...
