by Jim Crowder | Jun 1, 2011 | HOUSING MARKET
Seriously delinquent mortgages, which include those that are 90 days overdue or in foreclosure, fell nearly 11 percent from a year ago, according to Lender Processing Services’ Mortgage Monitor report. Foreclosure starts fell 31 percent in April and were down...
by Jim Crowder | May 31, 2011 | HOUSING MARKET
According to the S&P/Case-Shiller composite index of 20 metropolitan areas, home prices declined 0.2 percent in March from February. The report shows prices are at mid-2002 levels and slipped in 18 of the 20 cities tracked. Despite a slowly recovering economy,...
by Jim Crowder | May 27, 2011 | HOUSING MARKET
Pending home sales fell in April after two consecutive months of gains. According to the National Association of Realtors’ Pending Home Sales Index, pending sales, which reflect contracts not closings, dropped 11.6 percent from March. Lawrence Yun, NAR’s...
by Jim Crowder | May 26, 2011 | HOUSING MARKET
In his latest economic outlook report, Fannie Mae’s chief economist, Doug Duncan, forecasts a modest improvement in housing activity this year. Though the number of distressed homes on the market continues to put pressure on prices, Duncan writes that high...
by Jim Crowder | May 25, 2011 | HOUSING MARKET
According to The Mortgage Bankers Association’s Weekly Applications Survey, demand for mortgage loan applications increased 1.1 percent last week from the week before. The Refinance Index rose to its highest level since December 10, 2010, increasing 0.9 percent....
by Jim Crowder | May 24, 2011 | HOUSING MARKET
Sales of new single-family homes rose 7.3 percent in April. The U.S. Census Bureau and the Department of Housing and Urban Development’s New Residential Sales Report shows new home sales were at a seasonally adjusted annual rate of 323,000. Economists had...
