by Jim Crowder | Aug 26, 2011 | HOUSING MARKET
According to RealtyTrac’s Q2 2011 U.S. Foreclosure Sales Report, sales of homes in some stage of foreclosure or bank ownership accounted for 31 percent of all residential sales during the second quarter, which is down from 36 percent in the first quarter. James...
by Jim Crowder | Aug 25, 2011 | HOUSING MARKET
Based on current market conditions, buying a home is cheaper than renting in 74 percent of major U.S. cities. Trulia’s Summer 2011 Rent vs. Buy Index compared price-to-rent ratios for the 50 largest cities using the median list price compared to the median rent...
by Jim Crowder | Aug 24, 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 last week, climbing to 4.39 percent from 4.32 percent the week before. Despite near record-low rates, the...
by Jim Crowder | Aug 23, 2011 | HOUSING MARKET
Sales of new single-family homes were up 6.8 percent over last year’s estimates in July. According to the U.S. Census Bureau and the Department of Housing and Urban Development’s New Residential Sales report, new home sales were at a seasonally adjusted...
by Jim Crowder | Aug 22, 2011 | HOUSING MARKET
The combined percentage of loans in foreclosure or at least one payment past due rose slightly in the second quarter compared to the first but was 143 basis points lower than a year ago, according to the Mortgage Bankers Association’s National Delinquency...
by Jim Crowder | Aug 19, 2011 | HOUSING MARKET
The number of homes listed for sale at the end of July was down 18 percent from a year ago and 1.2 percent from the month before. There were 2.31 million homes listed for sale at the end of the month, according to data from Realtor.com. It was only the fifth time...
