by Jim Crowder | Apr 13, 2011 | HOUSING MARKET
According to The Mortgage Bankers Association’s Weekly Applications Survey, the Market Composite Index, which measures total mortgage loan application volume, fell 6.7 percent last week from the week before. The average contract interest rate for 30-year...
by Jim Crowder | Apr 12, 2011 | HOUSING MARKET
The number of homes for sale has increased in preparation for the spring-selling season. According to Altos Research’s 10-City Composite Index, inventory was up nearly 3.0 percent in March and just under 7.0 percent since the beginning of the year. Inventory...
by Jim Crowder | Apr 11, 2011 | HOUSING MARKET
According to 56 economists polled by The Wall Street Journal, economic growth should accelerate later this year, despite disappointing first-quarter data. Respondents cited bad weather, the earthquake in Japan, and rising oil prices for slower-than-expected growth in...
by Jim Crowder | Apr 11, 2011 | HOUSING MARKET
In an economic outlook from Mesirow Financial, chief economist Diane Swonk says, despite recent setbacks, there are enough positive indicators to expect a more significant housing recovery to begin to take hold later this year. In addition to high affordability...
by Jim Crowder | Apr 11, 2011 | HOUSING MARKET
Though home prices suffered declines during the first quarter of 2011, recent reports from CoreLogic and Clear Capital provide hope that prices are beginning to stabilize across much of the country. According to data from Clear Capital, home prices fell 1.3 percent...
by Jim Crowder | Apr 11, 2011 | HOUSING MARKET
According to The Mortgage Bankers Association’s Weekly Applications Survey, the seasonally adjusted Purchase Index jumped 6.7 percent last week, reaching its highest level this year. Despite the spike in purchase activity, the Market Composite Index, which...
