by Jim Crowder | Jun 9, 2011 | HOUSING MARKET
Home price indexes tend to be heavily influenced by foreclosure and distressed property sales. Which means the higher the percentage of distressed sales, the more prices will appear to fall. According to CoreLogic’s home price index, however, housing values...
by Jim Crowder | Jun 8, 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 4.54 percent last week from 4.58 percent the week before. This is the lowest 30-year contract rate since...
by Jim Crowder | Jun 7, 2011 | HOUSING MARKET
Though short-term prospects are muddied by the ups-and-downs of a recovering market, home buyers have an opportunity to capitalize on a long-term outlook that is increasingly positive. Buyers in today’s market benefit from mortgage rates near 50-year lows, high...
by Jim Crowder | Jun 6, 2011 | HOUSING MARKET
A recent wave of disappointing economic reports signals nothing more than a temporary soft patch and isn’t a sign of a more sustained downturn say economists at Barclays Capital. Barclays believes the economy is suffering due to concerns over inflation driven by...
by Jim Crowder | Jun 3, 2011 | HOUSING MARKET
Despite recent volatility, the housing market is approaching a new cycle that should bring an uptick in prices, according to a recent presentation from Altos Research. Scott Sambucci, vice president of market analytics at Altos, said he and his team believe there is...
by Jim Crowder | Jun 2, 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 4.58 percent last week from 4.69 percent the week before. The decline puts mortgage rates at their lowest...
