Our Blawg
Home Affordability Still Tops Nationwide
The National Association of Home Builders reports a Q2 2011 Home Opportunity Index reading of 72.6. Nearly 3 of 4 homes sold last quarter were affordable to households earning the national median income of $64,200.
read moreAfter A Pause, Mortgage Guidelines Resume Tightening
Mortgage guidelines appear to be tightening with the nation’s largest banks.
read moreAs Jobs Tally Fades, Mortgage Rates Fall
The U.S. economy is no longer adding new jobs.
read moreHome Values Rose In June 2011
The June 2011 Case-Shiller Index reading posted strong numbers across the board, with each of the index’s 20 tracked markets showing home price improvement from May.
read moreWith The Jobs Report Looming, Mortgage Rates May Rise
If you’re shopping for a mortgage rate, today may be a good day to lock one down. That’s because Friday morning, the Bureau of Labor Statistics will release its Non-Farm Payrolls report for August 2011.
read moreFed Minutes : Fed Considered Additional Stimulus In August
The Federal Reserve released the minutes from its August 9, 2011 Federal Open Market Committee meeting Tuesday.
read morePending Home Sales Slip In July; Creates Buyer Opportunity
After 3 straight months of gains, the Pending Home Sales Index slipped 1 percent in July.
read moreMortgage Rates Bounce Off All-Time Lows; The Start Of A Trend?
One week after posting its lowest mortgage rate in 50 years, Freddie Mac reports that the 30-year fixed rate mortgage rose by an average of 7 basis points nationwide this week to 4.22 percent.
read moreNew Home Supplies Remain Flat; Builders Not Over-Extending
Sales of newly-built homes slipped in July, falling 1 percent as compared to June. Home buyers closed on a seasonally-adjusted, annualized 298,000 units, the lowest reading since February.
read moreExisting Home Sales Slip In July
Existing Home Sales nationwide fell to 4.67 million units on a seasonally-adjusted annualized basis last month. It’s the fourth straight month below the 5 million mark, and the report’s lowest reading since November 2010.
read more