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Monthly Archives: September 2012

Pending Home Sales Index Continues To Show Strength

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. Continue reading

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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. Continue reading

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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. Continue reading

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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. Continue reading

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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. Continue reading

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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. Continue reading

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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. Continue reading

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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. Continue reading

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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. Continue reading

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What’s Ahead For Mortgage Rates This Week : September 17, 2012

Mortgage markets improved last week as the Federal Reserve introduced new economic stimulus. Continue reading

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