Wild swings in the housing data released this past week indicate that both homebuilders and households were heavily influenced by the tax credit extension debate. Read More »
Market Activity
Existing Home Sales Soar Ten Percent
Driven by the first-time buyer tax credit, existing-home sales showed another big gain in October, while inventories continue to decline Read More »
Investors Fade While Short Sales Soar
Investors buying homes to rent or sell accounted for only 15 percent of the housing market last month as they competed with large numbers of first-time homebuyers. Read More »
Data Suggests Housing Recovery Has Stalled, Temporarily
Today’s housing recovery is having a difficult time settling into a steady trajectory. Read More »
Housing Designed for Aging Boomers Perks Up
The National Association of Home Builders’ (NAHB) 55+ Single-Family Housing Market Index showed a six-point increase in the third quarter of 2009, Read More »
Rush to Tax Credit Deadline Pushes up Pending Sales
Contracts on existing homes rose 6.1 percent in September as first-time homebuyers rushed to take advantage of the $8000 Federal tax credit before it expires November 30. Read More »
Rate on 30-Year Fixed Rises to 5.35 Percent
The average conforming 30-year fixed mortgage rate inched higher to 5.35 percent, according to Bankrate.com’s weekly national survey. Read More »
New Home Sales Report Disappoints
Sales of new homes fell in September after rising for five consecutive months, a government report said Wednesday. Read More »
Home Price Improvements May Be Short-Lived
Home values, as measured by the popular S&P Case-Shiller home price index of 20 cities rose a non-seasonally adjusted 1.2 percent in August compared to a month earlier. Read More »
Home Sales Climb to Highest Level in Two Years
Sales of previously owned homes rose sharply in September to their highest level in two year, according to a report from a leading trade association released Friday. Existing home sales rose 9.4 percent in September to 5.57 annualized units from a 5.09 annualized pace in August according to a report issued by the National Association of Realtors. The September home … Read More »