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A Look At This Week’s Mortgage Rates : December 3, 2012
This week, there is little on the U.S. economic calendar, save for Friday’s Non-Farm Payrolls report. Wall Street is expecting to see 80,000 net new jobs created in November, and a rise in the national Unemployment Rate to 8.0%.
Pending Home Sales Index Leaps To Multi-Year High
According the National Association of REALTORS® (NAR), the Pending Home Sales Index rose 5.2 percent in October, crossing the benchmark 100 reading, and moving to 104.8.
New Home Sales Remain Elevated Into Q4 2012
According to the Commerce Department, New Home Sales slipped 1,000 units last month, falling to 368,000 units on a seasonally-adjusted, annualized basis.
Case-Shiller Index Verifies Home Value Gains Through Q3 2012
According to the S&P/Case-Shiller Index, which was released earlier this week, U.S. home prices rose in September for the sixth straight month, climbing 0.3% as compared to the month prior.
More Bullish Data : Housing Starts Climb 3.6%
According to a joint release from the U.S. Census Bureau and the Department of Housing and Urban Development, Housing Starts rose 3.6% in October 2012, climbing to a seasonally-adjusted, annualized rate of 894,000 units.
Existing Home Sales Move Higher In October
After a small decline in September, Existing Home Sales rebounded in October, increasing a modest 2.1%.
Homebuilder Confidence Spikes To 6-Year High
The National Association of Home Builders (NAHB) released its Housing Market Index (HMI) Tuesday, which showed sharp, 5-point increase to 46 for November 2012,
Federal Reserve : New Economic Stimulus May Be Warranted
The Federal Reserve released its October Federal Open Market Committee (FOMC) meeting minutes last week.
Bank Repossessions Slip For 24th Consecutive Month
According to data from RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings increased 3 percent in October as compared to September 2012, climbing to 186,455 U.S. properties.
Your November Gardening Task List
For homeowners who keep a garden, with the change of seasons comes a task list.