by Jim Crowder | Jun 27, 2011 | HOUSING MARKET
With rents rising across the country, buying a home becomes increasingly more affordable. According to National Association of Realtors’ chief economist Lawrence Yun, buying a home is more affordable now than it has been at any time in the past 40 years. A...
by Jim Crowder | Jun 24, 2011 | HOUSING MARKET
The U.S. Census Bureau and the Department of Housing and Urban Development’s New Residential Sales Report for May shows sales of new single-family homes up 13.5 percent above last year’s estimates, despite dipping 2.1 percent from April. And though sales...
by Jim Crowder | Jun 23, 2011 | HOUSING MARKET
Despite recent price volatility, new data shows home values rising in April. The FNC Residential Price Index showed a 0.5 percent increase in April, the first positive uptick since the end of the homebuyer tax credit last year. The results are contrary to what others...
by Jim Crowder | Jun 22, 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 to 4.57 percent from 4.51 percent the week before. The rise in rates led to a 5.9 percent drop in the Market...
by Jim Crowder | Jun 21, 2011 | HOUSING MARKET
Higher gas prices and severe weather lead to a slow sales month for previously owned homes in May. According to the National Association of Realtors, existing-home sales fell 3.8 percent, though economists expected a deeper drop. Lawrence Yun, NAR’s chief...
by Jim Crowder | Jun 20, 2011 | HOUSING MARKET
In their most-recent monthly economic outlook, Fannie Mae’s Doug Duncan and Orawin T. Velz write that, though the current economic expansion has been disappointing, they believe the likelihood that the economy will slip into another downturn is still quite low....
