Pending Home Sales Rise To 22-Month High
The Pending Home Sales Index resumed its climb in January, posting a 2 percent gain over the month prior.
New Home Supply Falls To 5.6 Months
321,000 new homes were sold last month on a seasonally-adjusted, annualized basis. 7 of 10 new homes sold for less than $300,000.
What’s Ahead For Mortgage Rates This Week : February 27, 2012
Mortgage markets improved in a holiday-shortened week last week, drawing mortgage rates lower nationwide.
Federal Reserve Wary Of European Spillover
The Federal Reserve has released the minutes from its 2-day meeting January 24-25, 2012.
Existing Home Sales Climb To A 20-Month Record
January’s home resales moved to a 20-month high — additional evidence that the nation’s housing recovery is underway.
Foreclosure Filings Down 19 Percent In One Year
Foreclosure filings fell 19 percent last month versus one year ago, says foreclosure-tracking firm RealtyTrac. It’s yet one more signal that the U.S. housing market may have already climbed off its bottom.
What’s Ahead For Mortgage Rates This Week : February 21, 2012
Mortgage markets worsened last week as the Eurozone moved closer to a bailout agreement with Greece, and the U.S. economy displayed more signs of growth. Mortgage rates climbed.
Housing Starts Stay Strong; Building Permits Rise.
The 2012 housing market started like 2011 ended — strong.
Homebuilder Confidence Returns To Pre-Recession Levels
For the sixth straight month, the National Association of Homebuilders reports that homebuilder confidence is on the rise. The Housing Market Index climbed four points to 29 in February, the index’s highest reading since May 2007.
With Retail Sales And Consumer Confidence Rising, Home Prices Are Expected To Follow
If you have plans to buy a home in 2012, the best time to buy may be now. Today’s mortgage rates are low and so are the home prices — a combination that’s unlikely to last.