by Jim Crowder | Sep 30, 2011 | HOUSING MARKET
Though first-time buyers are typically the driving factor behind a healthy housing market, industry experts increasingly see baby boomers as key to the housing recovery. Affordability is at all-time highs and, because homeowners of middle age or older have generally...
by Jim Crowder | Sep 29, 2011 | HOUSING MARKET
The National Association of Realtors’ Pending Home Sales Index dipped 1.2 percent in August but remained 7.7 percent above the previous year’s levels. Lawrence Yun, NAR’s chief economist, said the decline reflects an uneven market and, based on...
by Jim Crowder | Sep 28, 2011 | HOUSING MARKET
According to The Mortgage Bankers Association’s Weekly Applications Survey, the Market Composite Index, which measures total mortgage loan demand, increased 9.3 percent last week from the week before. The Refinance Index was up 11.2 percent and the Purchase...
by Jim Crowder | Sep 27, 2011 | HOUSING MARKET
The S&P/Case-Shiller Home Price Indices though July 2011 showed its fourth consecutive month of increases, with both the 10- and 20-city composites up 0.9 percent in July over June. David M. Blitzer, chairman of the index committee at S&P Indices, said...
by Jim Crowder | Sep 26, 2011 | HOUSING MARKET
Estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show sales of new single-family houses were at a seasonally adjusted annual rate of 295,000, 2.3 percent below July’s rate but 6.1 percent above August of last year....
by Jim Crowder | Sep 23, 2011 | HOUSING MARKET
According to three recently released home-price indexes, home values saw continued gains in July. The Federal Housing Finance Agency’s price index, which includes the price of properties backing mortgages sold to or guaranteed by government-sponsored...
