This weekâ??s financial news was relatively limited due to the Memorial Day holiday and no economic reports being released on Wednesday. The biggest news in terms of housing and mortgages was the S&P/Case-Shiller Housing Market Indices (HMI) released on Tuesday.
Case-Shiller Reports Energetic Annual Home Price Gains Nationally
May 30, 2013 by
The most recent S&P/Case-Shiller Indeces report showed all three composites posting double-digit increases over the last four quarters. The national composite, which is the broadest based index, showed an increase of 10.2% annually.
Existing Home Sales Numbers Highest Since 2009
May 28, 2013 by
The National Association of REALTORS reported that sales of existing homes in April reached 4.97 million on a seasonally-adjusted annual basis. This is the highest report since November 2009.
Home Builder Future Sales Confidence Rises To New Highs
May 16, 2013 by
Home builders are gaining confidence in current and future market conditions for new homes, but continue to see below-average foot traffic in new homes.
May 2013 RealtyTrac Foreclosure Report Shows Strength For The US Housing Market
May 10, 2013 by
RealtyTrac recently reported that national foreclosure filings are down while foreclosure filings are seeing marked increases in some states.
Upswing In April 2013 Jobs Report Signals Good News For Real Estate
May 8, 2013 by
The Bureau of Labor Statistics released its monthly Non-farm Payrolls and National Unemployment Rate for April last Friday. These two reports are collectively called the Jobs Report.
165,000 jobs were added in April, while the unemployment rate dropped from 7.60 percent in March to 7.50 percent in April.
Case-Shiller Home Price Indices Post Highest Growth Rates Since 2006
May 1, 2013 by
Housing markets continue to improve according to the S&P Case Shiller Home Price Indices released April 30 for Februaryâ??s data.
The Indices consist of a 10-City Composite Index and a 20-City Composite Index with housing markets for each city reported based on a three-month rolling average of home prices.
The data released yesterday comprised the Indicesâ?? highest growth rates since May 2006.
Understanding And Purchasing Distressed Property For Profit
April 30, 2013 by
According to the the latest Foreclosure Inventory Analysis showed nearly 1.5 million properties were currently in the foreclosure process or being held by banks as Real Estate Owned.
This was up 9 percent from the first quarter of 2012, but down significantly from the apex of foreclosure activity — 2.2 million units — in December 2010.
Existing Home Sales Numbers Show Value Gains Across America
April 24, 2013 by
The National Association of REALTORS® released its Existing Home Sales report for March on Monday.
Sales dipped from Februaryâ??s seasonally adjusted annual rate of 4.95 million to 4.92 million existing homes sold in March, a decrease of 0.6 percent month-to-month.
Home Builders Hold Great Confidence For New Homes Over Next 6 Months
April 17, 2013 by
The National Association of Home Builders (NAHB) Wells Fargo Housing Market Index (HMI) report for April shows that builder confidence slipped by two points to a rating of 42 from the March reading of 44.
