Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of Realtors®. The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending… Read More
Mortgage Rates Starting To Creep Up
February 6, 2010 By Leave a Comment
Below is a report that indicates that the mortgage rates are starting to move up. It is predicted that by the end of the year the rates will be close to 6%. Freddie Mac’s weekly survey put the average rate for a 30-year fixed-rate mortgage (FRM) at 5.01% with a 0.7 origination point for the… Read More
Home Sales Are Up Across The Country
January 16, 2010 By Leave a Comment
Housing sales up In the December 2 edition of the Summary of Commentary on Current Economic Conditions, commonly called the Beige Book, eight Federal Reserve Districts reported an economic uptick. In fact, all but two Fed districts reported increased activity or improved conditions, with Philadelphia and Richmond seeing mixed results. At the end of the… Read More
Commercial real-estate market suffered in 2009; more of the same forecast for 2010 (Seattle Times)
December 27, 2009 By Leave a Comment
