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.
A Look At This Week’s Mortgage Rates : December 3, 2012
This week, there is little on the U.S. economic calendar, save for Friday’s Non-Farm Payrolls report. Wall Street is expecting to see 80,000 net new jobs created in November, and a rise in the national Unemployment Rate to 8.0%.
19 of 20 Case-Shiller Index Markets Improve In August
Home value rose to close out the summer, according to the S&P/Case-Shiller Index, an oft-cited home-valuation tracker.
What’s Ahead For Mortgage Rates This Week : October 22, 2012
Mortgage markets worsened last week, taking mortgage rates higher. The Federal Open Market Committee meets this week.
How To Help Your Home Appraise At Its Fair Market Value
Home appraisals thwart 33 percent of home purchase contracts nationwide. Here are steps you can take to help your home appraise at value.
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.
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.
Case-Shiller Index Shows Huge Home Price Gain
According to the Standard & Poor’s Case-Shiller Index, home prices rose 6.9% between the first and second quarter of 2012, the largest quarter-to-quarter gain since the home-value tracker’s 1987 inception.
Pending Home Sales Index Makes New High For 2012
In July, the third time this year, the Pending Home Sales Index crossed its benchmark value of 100, moving to 101.7.
Government : Home Prices Up 3.0% In Last 12 Months Nationwide
According to the Federal Home Finance Agency’s Home Price Index, home prices rose by a seasonally-adjusted 0.7 percent between May and June 2012. The index is now up 3.0% over the past 12 months, and made its biggest quarterly gain since 2005 last quarter.