by Jim Crowder | Aug 1, 2011 | HOUSING MARKET
Foreclosure activity fell in 84 percent of U.S. metropolitan areas during the first half of 2011. According to RealtyTrac’s Midyear 2011 Metropolitan Foreclosure Market Report, foreclosures decreased on a year-over-year basis in 178 of the nation’s 211...
by Jim Crowder | Jul 29, 2011 | HOUSING MARKET
The National Association of Realtors’ Pending Home Sales Index rose 2.4 percent in June and is 19.8 percent above last year’s levels. Economists were expecting a 2.0 percent drop in the index. Pending sales are a forward-looking indicator based on contract...
by Jim Crowder | Jul 28, 2011 | HOUSING MARKET
According to the Mortgage Bankers Association’s Weekly Applications Survey, the average contract interest rate for 30-year fixed-rate mortgages climbed to 4.57 percent last week from 4.54 percent the week before. The Market Composite Index, which measures total...
by Jim Crowder | Jul 27, 2011 | HOUSING MARKET
Sales of new single-family homes fell in June but declining inventory and rising prices suggest the market for new homes is beginning to stabilize. According to estimates from the U.S. Census Bureau and the Department of Housing and Urban Development, new home sales...
by Jim Crowder | Jul 26, 2011 | HOUSING MARKET
Standard & Poor’s/Case Shiller Home Price Indices, the most closely followed of the many price indexes, showed a second consecutive month of price gains for both their 10- and 20-city composites in May. The 10-city composite index was up 1.1 percent and the...
by Jim Crowder | Jul 25, 2011 | HOUSING MARKET
According to an economic outlook from Fannie Mae chief economist Doug Duncan, there are a number of positive signs emerging that indicate the housing market recovery will begin to accelerate later this year. Pending home sales rose 8.2 percent in May, which suggests a...
