by Jim Crowder | Jun 26, 2013 | HOUSING MARKET
According to Lender Processing Services, the foreclosure pre-sale inventory rate averaged 3.05% in May 2013, decreasing 26.98% from May 2012. The United States delinquency rate has also fallen to the lowest rate seen in five years averaging 6.05%. Additionally, the...
by Jim Crowder | Jun 25, 2013 | HOUSING MARKET
Mortgage rates are starting to increase, showing signs of a strengthening housing market and a growing economy. Mortgage rates have jumped three-tenths of a point over the last week, increasing the payment amount on a $220,000 30-year fixed mortgages by approximately...
by Jim Crowder | Jun 24, 2013 | HOUSING MARKET
According to Trulia, foreigners from lower to middle-income countries are searching for more homes in the United States with the most popular neighborhoods being in South Florida, Los Angeles, and Manhattan. From April 1st, 2012 to March 31, 2013 home searches from...
by Jim Crowder | Jun 21, 2013 | HOUSING MARKET
Mortgage rates fell slightly for the first time in seven weeks, but are expected to increase next week. 30-year loans dropped 0.05% from last week, and the 15-year mortgage decreased 0.06%. Additionally, the 10-year note jumped in early trading to 2.39%, up 1.63% from...
by Jim Crowder | Jun 20, 2013 | HOUSING MARKET
Homebuilder confidence has increased to 52 this month, the highest level seen in seven years according to the National Association of Home Builders. When the index average is above 50, it is an indication that homebuilders view sales conditions to be good. New...
by Jim Crowder | Jun 19, 2013 | HOUSING MARKET
Private residence home starts increased 6.8% averaging 914,000 last month. Housing starts overall have been growing year-over-year, jumping 28.6% from last May according to the U.S. Department of Housing and Urban Development and the U.S Census Bureau. Housing...
