Currently viewing the tag: "Existing Home Sales"

Interest Rate Predictions | Week of March 21, 2011

On March 21, 2011 By

Like the past few weeks, this week’s will be driven by things that are simply not very mortgage related.

Libya and Japan continue to dominate headlines, but the issues in Bahrain and Yemen are rapidly closing in as most important.   In the spirit of [...]

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Foreclosure Activity Drops Throughout The Most Foreclosure-Heavy States

On February 10, 2011 By

Foreclosure activity is slowing. According to foreclosure-tracker RealtyTrac, the number of foreclosure filings dropped 17 percent on an annual basis last month. Monthly filings ticked higher 1 percent after a combined 23 percent decrease through November and December 2010.

The phrase “foreclosure filing” is a catch-all term, comprising default [...]

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Pending Home Sales Higher Again

On February 1, 2011 By

And then the bad part…it’s also tied to the economy. Mortgage rates get their direction, in a large part, from the overall economy. As mortgage rates move higher, home affordability goes lower. Coupled with rising home demand, your dollar won’t buy as much in the second half of 2011 if these trends hold true.

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New Home Sales At 8-Month High

On January 28, 2011 By

The 2010 housing market finished on a tear, and that momentum is carrying forward into 2011. Expect the spring season to show strongly, and for home prices to be on the rise.

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Pending Home Sales Hit 6-Month High

On January 4, 2011 By

Barring any massive changes, housing looks as healthy as it has in quite a few years.

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New Home Sales Rise In November

On December 28, 2010 By

As we move into 2011, housing is looking increasingly solid. Sales in all categories are improving over the past six months. Coupled with rising interest rates, it appears that buying a home in early 2011 will be cheaper than waiting until after the snow has melted.

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Housing Showing New Strength

On December 23, 2010 By

We may not be getting a wild and crazy skyrocketing housing market, but it looks like we’re getting the beginnings of a healthier, more sustainable housing market. If you’re looking at buying a home in 2011, please don’t wait until the snow melts. If the market keeps improving like this, your home affordability will worsen.

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Are We Looking At A Seller's Market?

On December 7, 2010 By

Low mortgage rates and low home prices have spurred buyers back into action. A “pending home sale” is an existing home under contract to sell, but not yet closed.

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Mortgage Rate Predictions | Week of October 25, 2010

On October 25, 2010 By

Mortgage rates squeezed out narrow improvements last week. After a mortgage rate rally during the Monday, Tuesday and Wednesday trading sessions, a sell-off on Thursday and Friday erased the gains.

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Market Stabilizing: New Home Sales Unchanged

On September 28, 2010 By

Aside from builder incentives and the naturally stronger negotiating position for today’s buyer, the fact that mortgage rates are down 0.75% since the beginning of the year. Homes were already more affordable just with the dip in prices, but coupled with mortgage rates we’re now we’re nearly off the chart.

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