Pending Home Sales Index Rises Back Above 100
Low home prices and mortgage rates have combined to push home affordability to record levels nationwide. Home buyers are taking advantage.
Nationally, Home Prices Off 18.3 Percent From April 2007 Peak
The government confirms what the private-sector Case-Shiller Index reported yesterday. Nationwide, average home values slipped in October.
New Home Sales Approach Bull Market Territory
According to the Census Bureau, the number of new homes sold rose 2 percent in November, taking the metric to a 7-month high.
FHA Grants Year-Long Extension of Anti-Flipping Regulations
FHA Grants Year-Long Extension of Anti-Flipping Regulations Carol Galante, Acting Commissioner of the Federal Housing Administration (FHA), has announced that the FHA will extend its temporary waiver of the anti-flipping regulations in 2012 through Dec. 31, 2012. The extension was granted in an effort to continue stabilizing home values and improve conditions in communities with [...]
What’s Ahead For Mortgage Rates This Week : December 27, 2011
Mortgage markets worsened last week on renewed optimism from the Eurozone, additional evidence of a U.S. economic recovery, and ongoing strength in housing.
Pay Your Mortgage Early, Boost Your 2011 Federal Income Tax Deductions
Time is running out to boost to your 2011 federal tax refund. All that’s required is to make your January 2012 mortgage payment while it’s still December.
Home Supplies Fall To 7.0 Months Nationwide; Buyer Demand Strong
Home resales moved to a 10-month high in November, the latest in a series of strong showings from the housing sector.
Housing Starts Show Strength In Housing
According to the U.S. Census Bureau, Single-Family Housing Starts rose to 447,000 units on a seasonally-adjusted, annualized basis in November — a 2 percent increase from October.
Home Builders Experiencing Heavy Foot Traffic And Higher Sales Volume
In another good sign for the housing market, today’s home builders believe that the housing market has turned a corner. Homebuilder confidence is at a 19-month high.
What’s Ahead For Mortgage Rates This Week : December 19, 2011
Given global economic conditions and the mortgage bond market’s status as a “safe market”, the failure of rates to fall last week suggests that this may be as low as mortgage rates get. It’s time to look at locking in.