According to the real estate trade association, the Pending Home Sales Index read 99.2 for August — the fourth straight month in which the index hovered near its benchmark value of 100.
Entries from September 2012
Pending Home Sales Index Continues To Show Strength
September 28th, 2012 · Comments Off on Pending Home Sales Index Continues To Show Strength
Tags: Housing Analysis
New Home Supply Remains Firmly In “Seller’s Market” Territory
September 27th, 2012 · Comments Off on New Home Supply Remains Firmly In “Seller’s Market” Territory
According to the U.S. Census Bureau, the number of new homes sold slipped 0.3 percent in August 2012 to a seasonally-adjusted, annualized 373,000 units sold.
Tags: Housing Analysis
Home Price Index Shows Values Rising 3.7% From One Year Ago
September 26th, 2012 · Comments Off on Home Price Index Shows Values Rising 3.7% From One Year Ago
Home values have not dropped month-to-month since January of this year — a span of 6 months.
Tags: Housing Analysis
Existing Home Sales Leap To 2-Year High
September 25th, 2012 · Comments Off on Existing Home Sales Leap To 2-Year High
According to the National Association of REALTORS®, 4.82 million “existing homes” sold on a seasonally-adjusted, annualized basis in August, representing a near 8 percent improvement from the month prior and a nine percent jump from August 2011.
Tags: Housing Analysis
What’s Ahead For Mortgage Rates This Week : September 24, 2012
September 24th, 2012 · Comments Off on What’s Ahead For Mortgage Rates This Week : September 24, 2012
Mortgage markets improved for the second consecutive week last week as demand for U.S. mortgage-backed bonds remained high.
Tags: Mortgage Rates
30-Year Fixed Rate Mortgage Drops To 3.49% — An All-Time Low
September 21st, 2012 · Comments Off on 30-Year Fixed Rate Mortgage Drops To 3.49% — An All-Time Low
For the first time in 9 weeks, mortgage rates have made new lows.
Tags: Mortgage Rates
Housing Starts Move To 2-Year High
September 20th, 2012 · Comments Off on Housing Starts Move To 2-Year High
Wednesday, the U.S. Census Bureau reported Housing Starts for single-family homes up 5.5 percent in August to a seasonally-adjusted, annualized count of 535,000 units nationwide.
Tags: Housing Analysis
Homebuilder Confidence Rises Again; Tops 40
September 19th, 2012 · Comments Off on Homebuilder Confidence Rises Again; Tops 40
As reported by the National Association of Home Builders, the Housing Market Index, a measure of builder confidence, rose to a reading of 40 in September — its highest mark since June 2006.
Tags: Housing Analysis
Foreclosures Remain Concentrated In Just A Few States
September 18th, 2012 · Comments Off on Foreclosures Remain Concentrated In Just A Few States
According to foreclosure data firm RealtyTrac, foreclosure activity increased 1 percent in August as compared to the month prior, climbing to just above 193,500 units nationwide.
Tags: Housing Analysis
What’s Ahead For Mortgage Rates This Week : September 17, 2012
September 17th, 2012 · Comments Off on What’s Ahead For Mortgage Rates This Week : September 17, 2012
Mortgage markets improved last week as the Federal Reserve introduced new economic stimulus.