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Monthly Archives: February 2012
Pending Home Sales Rise To 22-Month High
The Pending Home Sales Index resumed its climb in January, posting a 2 percent gain over the month prior. Continue reading
New Home Supply Falls To 5.6 Months
321,000 new homes were sold last month on a seasonally-adjusted, annualized basis. 7 of 10 new homes sold for less than $300,000. Continue reading
What’s Ahead For Mortgage Rates This Week : February 27, 2012
Mortgage markets improved in a holiday-shortened week last week, drawing mortgage rates lower nationwide. Continue reading
Federal Reserve Wary Of European Spillover
The Federal Reserve has released the minutes from its 2-day meeting January 24-25, 2012. Continue reading
Existing Home Sales Climb To A 20-Month Record
January’s home resales moved to a 20-month high — additional evidence that the nation’s housing recovery is underway. Continue reading
Foreclosure Filings Down 19 Percent In One Year
Foreclosure filings fell 19 percent last month versus one year ago, says foreclosure-tracking firm RealtyTrac. It’s yet one more signal that the U.S. housing market may have already climbed off its bottom. Continue reading
What’s Ahead For Mortgage Rates This Week : February 21, 2012
Mortgage markets worsened last week as the Eurozone moved closer to a bailout agreement with Greece, and the U.S. economy displayed more signs of growth. Mortgage rates climbed. Continue reading
Housing Starts Stay Strong; Building Permits Rise.
The 2012 housing market started like 2011 ended — strong. Continue reading
Homebuilder Confidence Returns To Pre-Recession Levels
For the sixth straight month, the National Association of Homebuilders reports that homebuilder confidence is on the rise. The Housing Market Index climbed four points to 29 in February, the index’s highest reading since May 2007. Continue reading
Fewer Jobless Claims Suggests Higher Home Prices Ahead
Economists believe the strength of the 2012 housing market will be closely tied to jobs. If they’re right, the housing market is ripe for a boost. Continue reading