by Jim Crowder | Dec 24, 2013 | HOUSING MARKET
According to Lender Processing Services, the U.S. loan delinquency rate rose slightly in November. Overall the delinquency rate this year has dropped compared to the last few years, down approximately 10% year-to-date. Foreclosure inventory rates fell 2.5% last month,...
by Jim Crowder | Dec 23, 2013 | HOUSING MARKET
Freddie Mac’s Primary Mortgage Market Survey shows that average mortgage rates have increased from the previous week due to housing permits and starts. The recently released data states that 30-year fixed-rate mortgage increased .05% from last week, averaging...
by Jim Crowder | Dec 20, 2013 | HOUSING MARKET
According to the National Association of Realtors, home sales fell in November with previously owned home sales dropping to 4.3%, averaging an annual rate of 4.90 million units. Additionally, filings for unemployment and unemployment benefits increased against...
by Jim Crowder | Dec 19, 2013 | HOUSING MARKET
According to new data released by the Commerce Department, last month’s housing starts increased 22.7% from the previous month’s revised estimate, and almost 30% from November 2012. Single-family housing starts averaged a rate of 727,000 last month, a...
by Jim Crowder | Dec 18, 2013 | HOUSING MARKET
According to the National Association of Home Builders/Wells Fargo Housing Market Index, construction demand has increased the housing market confidence level to 58 this month. The market measures conditions, sales expectations, current sales, and prospective buyer...
by Jim Crowder | Dec 17, 2013 | HOUSING MARKET
According to market experts, rental prices are expected to increase next year for much of the nation due to rising demand and tight supply. Experts at Axiometrics, an apartment market researching company, expect a 3.1% growth in rental costs, while Reis, another...
