by Jim Crowder | May 13, 2011 | HOUSING MARKET
According to Lawrence Yun, the National Association of Realtors’ chief economist, home sales are on pace to exceed last year’s levels. Yun believes sustained economic growth, a gradually improving job market, and historically high housing affordability...
by Jim Crowder | May 12, 2011 | HOUSING MARKET
In April, foreclosure filings, including default notices, scheduled auctions, and bank repossessions, were down 9.0 percent from the previous month and 34 percent below last year’s levels, according to RealtyTrac’s U.S. Foreclosure Market Report. James J....
by Jim Crowder | May 11, 2011 | HOUSING MARKET
According to the Mortgage Bankers Associations’ Weekly Applications Survey, mortgage rates are now lower than they have been at any time this year. The average contract interest rate for 30-year fixed-rate mortgages fell to 4.67 percent last week from 4.76...
by Jim Crowder | May 10, 2011 | HOUSING MARKET
Home prices increased in 24 of the 26 metropolitan areas tracked by Altos Research’s latest Housing Market Update. The national median home price was $440,194, up from $432,307 in March, and the 10-city composite index showed prices up 1.82 percent in April. The...
by Jim Crowder | May 9, 2011 | HOUSING MARKET
The U.S. Department of Housing and Urban Development and the U.S. Department of Treasury’s April Housing Scorecard details the Administration’s housing recovery efforts and key indicators of market health. According to the report, housing data through...
by Jim Crowder | May 6, 2011 | HOUSING MARKET
Buying a home is now cheaper than renting in 4 out of 5 major U.S. cities. And, along with affordable home prices, low mortgage rates, and building economic confidence, the increase in rent makes market conditions ripe for prospective house hunters this spring and...
