by Jim Crowder | Sep 22, 2011 | HOUSING MARKET
Sales of previously owned homes hit a five-month high in August, according to data from The National Association of Realtors. Existing-home sales spiked 7.7 percent to an annual rate of 5.03 million units, exceeding economists’ expectations. Total sales,...
by Jim Crowder | Sep 21, 2011 | HOUSING MARKET
According to The Mortgage Bankers Association’s Weekly Applications Survey, the seasonally adjusted Market Composite Index, which measures total mortgage loan application volume, increase 0.6 percent last week from the previous week. On an unadjusted basis, the...
by Jim Crowder | Sep 20, 2011 | HOUSING MARKET
Permits to build privately-owned housing units in August rose 3.2 percent above July’s estimates and 7.8 percent above last year, according to new residential construction statistics from the U.S. Census Bureau and the Department of Housing and Urban...
by Jim Crowder | Sep 19, 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 on a scale where any number below 50 indicates more builders view the market as poor than good. In September, the...
by Jim Crowder | Sep 16, 2011 | HOUSING MARKET
The Mortgage Bankers Association’s chief economist Jay Brinkmann doesn’t foresee much improvement in the overall economy in coming months, though he sees rising home sales and further stabilization in the housing market’s future. According to...
by Jim Crowder | Sep 15, 2011 | HOUSING MARKET
RealtyTrac’s U.S. Foreclosure Market Report for August 2011 shows foreclosure filings, including default notices, scheduled auctions, and bank repossessions, were down 33 percent from August 2010 but up 7.0 percent from July. Despite the month-over-month...
