January 28, 2011 (Jeff Alan) Future home sales look a little brighter according to the National Association of Realtors (NAR) whose Pending Home Sales Index (PHSI) for December rose 2 percent from the previous month and is the fifth gain in the last six months. Read more...
January 28, 2011 (Shirley Allen) The tables have finally turned on the buying versus renting debate. During the housing boom as home prices became insanely high, it was far cheaper to rent than to buy a home, unless of course you got one of those great one percent teaser loans, but that didn’t work out [...]
January 28, 2011 (Chris Moore) The housing industry has lined up all its aces and is preparing to do battle with a deficit cutting Congress that has declared that there are no sacred cows in its search for ways to cut the budget deficit. The first shot across the bow came in November when the [...]
January 27, 2011 (Chris Moore) Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®) which shows long and short term rates rising this week primarily due to improving economic conditions. Read more...
January 27, 2011 (Shirley Allen) According to the latest Campbell/Inside Mortgage Finance survey, nearly half of the homes sold in December were distressed properties. The firm's HousingPulse survey reveals distressed property sales surged to 47.2% of the market in December, up from 44.5% in November and nearly matching the 47.5% peak reached in September. Read [...]
January 27, 2011 (Chris Moore) Newly installed Kentucky Senator Rand Paul had the distinction of giving the Republican response to President Obama’s State of the Union Address and wasted no time in keeping his promise that the Republicans would cut government spending by introducing a bill cutting all funding for the U.S Department of Housing [...]
January 26, 2011 (Shirley Allen) According to the data collected on January 25th for LendingTree’s Weekly Mortgage Rate Pulse, average home loan rates offered by network lenders were 5.05 percent (5.33% APR) for 30-year fixed mortgages, up slightly from 5.03 percent the week before, 4.29 percent (4.75% APR) for 15-year fixed mortgages, which was down [...]
January 26, 2011 (Chris Moore) Despite a jump in new home sales of 17.5 percent from November to December, total sales for all of 2010 totaled 321,000 units, the fewest number of new homes sold in 47 years. It was the fifth consecutive year that sales have declined after hitting record highs for the five [...]
January 26, 2011 (Chris Moore) The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 21, 2011. The Market Composite Index, a measure of mortgage loan application volume, decreased 12.9 percent on a seasonally adjusted basis from last week. The results do not include any adjustments for the [...]
