by Jim Crowder | Jul 6, 2011 | HOUSING MARKET
According to The Mortgage Bankers Association’s Weekly Applications Survey, demand for home purchase loans rose last week. The Purchase Index was up 4.8 percent from the previous week and 11.7 percent higher than the same week a year ago. But due to a drop in...
by Jim Crowder | Jul 5, 2011 | HOUSING MARKET
The U.S. Department of Housing and Urban Development and the U.S. Department of the Treasury’s June Housing Scorecard finds positive signs among mixed housing data. The housing scorecard offers key data on the health of the housing market and the...
by Jim Crowder | Jul 1, 2011 | HOUSING MARKET
CoreLogic’s May Home Price Index rose 0.8 percent in May compared to April. It was the second-straight month of gains following the 0.7 percent increase the month before. Mark Fleming, CoreLogic’s chief economist, said two consecutive months of growth and...
by Jim Crowder | Jun 30, 2011 | HOUSING MARKET
For the first time since April 2010, pending home sales are above year-ago levels. According to The National Association of Realtors’ Pending Home Sales Index, contract signings rose 8.2 percent in May from April and were 13.4 percent above May 2010. The Pending...
by Jim Crowder | Jun 29, 2011 | HOUSING MARKET
According to The Mortgage Bankers Association’s Weekly Applications Survey, the average contract interest rate for 30-year fixed-rate mortgages fell to 4.46 percent last week from 4.57 percent the week before. It is the lowest 30-year rate since the middle of...
by Jim Crowder | Jun 28, 2011 | HOUSING MARKET
Freddie Mac’s chief economist Frank Nothaft sees better days ahead for the economy and housing market, according to his mid-year economic update. Nothaft writes that economic growth will pick up in the second half of the year despite near-term concerns...
