What’s Ahead For Mortgage Rates This Week-September 30, 2013
What’s Ahead For Mortgage Rates This Week-September 30, 2013
Housing Analysis
Highest Existing Home Sales Since February 2007
Sales of existing homes reached their highest volume in almost six years in August. The National Association of REALTORS reported Thursday that sales of existing homes rose 1.70 percent in August to a seasonally-adjusted annual rate of 5.48 million existing homes sold.
Homebuilders Getting Optimistic; Higher Home Prices Ahead?
Just two months after falling to a multi-month low, the Housing Market Index surged again in November, climbing another three points to 21
Understanding And Purchasing Distressed Property For Profit
According to the the latest Foreclosure Inventory Analysis showed nearly 1.5 million properties were currently in the foreclosure process or being held by banks as Real Estate Owned.
This was up 9 percent from the first quarter of 2012, but down significantly from the apex of foreclosure activity — 2.2 million units — in December 2010.
Rising Sales Prices Are Excellent News For Homeowners Across America
Existing home sales have increased by 10.2 percent as compared to 4.52 million existing home sales for February 2012, and have increased for 20 consecutive months. Read more…
Home Prices Accelerate In 2013 WIth Double Digit Growth
Last week, the S&P/Case-Shiller Index showed home prices gaining 8.1 percent during the 12-month period ending January 2013, marking the largest year-over-year increases since the summer of 2006.
Look For Improvements In The Real Estate Market In 2013
The previous couple years’ doom and gloom outlook is looking like it is turning more upbeat and robust for the rest of 2013.
Metro Area Home Values Continue To Shine
19 of 20 metro areas showed higher home prices in Q 4 2012 with the New York metro area showing a decrease in home prices; this could be due in part to the impact of Hurricane Sandy.
Case-Shiller Index Shows Near 6% Home Price Gain
Last week, the S&P/Case-Shiller Index showed home prices gaining 5.5 percent during the 12-month period ending November 2012, marking the largest one-year gain in home prices since May 2010.
Existing Homes For Sale At Lowest Point In 11 Years
Home sales dropped last month, but not because demand was lacking. There are fewer homes for sale than at any time in the last 11 years.