by Jim Crowder | Jun 17, 2011 | HOUSING MARKET
Foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, were reported on 214,927 properties in May, according to RealtyTrac’s U.S. Foreclosure Market Report. It was the eighth-straight month of declines and a 33 percent...
by Jim Crowder | Jun 16, 2011 | HOUSING MARKET
In May, single-family home construction increased 3.7 percent above the U.S. Census Bureau and Department of Housing and Urban Development’s April estimate. Total housing starts gained 3.5 percent. The improvement brought new-home construction to its highest...
by Jim Crowder | Jun 15, 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 4.51 percent last week from 4.54 percent the week before. The drop in rates fueled a 13.0 percent surge in the...
by Jim Crowder | Jun 14, 2011 | HOUSING MARKET
In their most-recent monthly economic and mortgage finance commentary, the Mortgage Bankers Association says that, though the recovery has been uneven so far this year, they expect growth to pick up in the second half of 2011. The report says the MBA expects economic...
by Jim Crowder | Jun 13, 2011 | HOUSING MARKET
Though concerned about their personal finances and the broader economy, Americans overwhelmingly believe now is a good time to buy a home. According to a recent survey of current and aspiring homebuyers in key world markets, Americans are the most optimistic about...
by Jim Crowder | Jun 10, 2011 | HOUSING MARKET
The U.S. Department of Housing and Urban Development and the U.S. Department of Treasury released their May Housing Scorecard, which highlights key market indicators and the Administration’s housing recovery efforts. According to the report, the housing market...
