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Pending Home Sales Rise For 3rd Straight Month
Buyers are writing contracts at a furious pace nationwide. On a seasonally-adjusted basis, the Pending Home Sales Index rose 2 percent last month to reach its highest level since March.
16 of 20 Case-Shiller Cities Show Improvement In May
May’s Case-Shiller Index showed a 1 percent increase from April 2011. Home values rose in 16 of the Case-Shiller Index’s 20 tracked markets. Only Detroit, Las Vegas and Tampa fell. Phoenix was flat.
New Home Supplies Keep Shrinking; Prices Pressured Higher
According to Census Bureau data, the number of new homes slid 1 percent from May. On a seasonally-adjusted, annualized basis, home buyers bought 312,000 newly-built homes last month.
Short sales continue to grow as a challenge.
Remember a short sale is a desperate measure in desperate times. Desperate people do desperate things. If you are involved in a short sale transaction in ANY capacity cross your t’s and dot your i’s. If the terms sound remotely shady to you, it probably is and the...
CoreLogic
Home Prices Down 7.4 Percent Home prices in the U.S. increased by 0.8 percent in May 2011 compared to April 2011, the second consecutive month-over-month increase. On a year-over-year basis, home prices declined by 7.4 percent in May 2011 compared to May 2010 after...
S&P/Case-Shiller home prices rose for first time in 8 months in April
The average price of a single-family home rose for the first time in eight months in April and is now back at levels last seen in the summer of 2003, according to the Standard & Poor's/Case-Shiller index.
Housing's silver lining
Housing may soon rise from the dead, argue some economists. And, the severity of the slump may in fact accelerate the arrival of a recovery.
Mortgage applications see biggest gain in 3 months: MBA
http://reut.rs/jLI448 Applications for both purchase and refinance transactions are up again this week, fueled by falling rates according to Mortgage Bankers Association.
Falling Mortgage Rates Spur Serial Refinancing
Negative economic reports of late have pushed the rate on the popular 30 year fixed to below 4.5 percent, the lowest this year and just about a quarter percent off the 50-year lows we saw last summer; adjustable-rate products are even lower. When investors see bad...
Mortgage Insurance Cancellation: The Myths and Realities
When it comes to private mortgage insurance (MI), there are several myths that exist that make buyers reluctant to consider a conventional loan with MI as an option when purchasing a home. One of the more common misconceptions is that cancelling MI is a...