Monthly Archives: October 2013

Existing Home Sales | Existing Home Sales Tick Down In September As Traffic Drops

Existing home sales drop to a 5.29 million pace in September The National Association of Realtors (or NAR) reports existing home sales once a month. The seasonally adjusted number reports completed transactions in single-family homes, condominiums, townhomes, and co-ops. The report includes such data points as existing home sales, inventory of houses for sale, median house price, mortgage rates,    .. more …

Mortgage Interest Rates | Homebuilder Meritage Posts Higher 3Q Profit

NEWS: Meritage Homes Corp.’s net income surged nearly sixfold in the third quarter, as the homebuilder sold more homes at higher prices despite an uptick in mortgage interest rates that put off some would-be homebuyers. DETAILS: Completed home sales increased 18 percent to 1,418 in the July-September period. The average sales price climbed 22 percent to $341,000. Signed contracts for new homes    .. more …

New York Foreclosures | Hope Is Great, Real Proof Is Better – Article Dashboard

The most recent sign that the economy may be a little less dismal these days was the latest report of the services sector index, which seems to indicate that the pace of the decline was slowing some in April. With over half the country working in service sector jobs like hotels, retail, education and health care, this is an important indicator for the health of the economy. According to the AP, at    .. more …

Mortgage Interest Rates | US Pending Home Sales Registered A Sharp Drop In September

LONDON (ShareCast) – The National Association of Realtors’ (NAR) pending home sales index (PHI (NasdaqGM: PHII – news ) ) declined for a fourth consecutive month in September, as higher mortgage interest rates and higher home prices curbed buying power.The PHI fell by 5.6% month-on-month in September, to reach 101.6 from a downwardly revised 107.6 in August.It is now 1.2% below its September 2012    .. more …

Mortgage Interest Rates | Pending Home Sales Continue Slide In September

WASHINGTON, DC–(Marketwired – Oct 28, 2013) – Pending home sales declined for the fourth consecutive month in September, as higher mortgage interest rates and higher home prices curbed buying power, according to the National Association of Realtors .The Pending Home Sales Index ,* a forward-looking indicator based on contract signings, fell 5.6 percent to 101.6 in September from a downwardly    .. more …

Existing Home Sales | Existing-Home Sales Down In September But Prices Rise

WASHINGTON, DC–(Marketwired – Oct 21, 2013) – After hitting the highest level in nearly four years, existing-home sales declined in September, but limited inventory conditions continued to pressure home prices in much of the country, according to the National Association of Realtors .Total existing-home sales 1, which are completed transactions that include single-family homes, townhomes,    .. more …

Mortgage Interest Rates | Low Virginia Home Mortgage Rates – Article Dashboard

The Factors that affect Virginia Mortgage Interest Rates. Prior to buying home loan in the state, it’s crucial to check out mortgage interest rates in Virginia, which are available from your loaner to make sure that you are in a position to make the mandatory payments. Take a look at some of the influential factors that decide Virginia mortgage interest rates.Some of the important factors    .. more …

New York Foreclosures | Foreclosure Sizzlers – Article Dashboard

It’s becoming more common to see multiple offers on the same properties as buyers zero in on the bargains offered by distressed properties. This is especially prevalent in California, Arizona, and metro Washington, D.C. and Minneapolis-St. Paul. Even though there is a large inventory of foreclosures, the quality properties, still in relatively good condition, and in the $300,000 price range are    .. more …

Mortgage Interest Rates | Mortgage Interest Rates Dip To 4-month Low

Oct. 24–Mortgage rates hit their lowest levels in four months this week, Freddie Mac said Thursday, as speculation grew that the Federal Reserve will continue its bond-buying stimulus plan through the end of the year.The rate on a 30-year fixed rate mortgage averaged 4.13 percent this week, down from last week’s 4.28 percent. A year ago, it averaged 3.41 percent.The 15-year fixed mortgage rate    .. more …

New Home Sales | US Dollar Falls On Soft Housing Data

Soft data on US new home sales and durable goods orders backed a fall in the US dollar against the euro and other major currencies.At 2200 GMT on Wednesday (0800 AEST on Thursday), the euro was at $1.3522, compared to $1.3469 late on Tuesday.The dollar slipped to 98.46 yen from 98.74, while the euro was slightly higher at 133.18 yen, from 133.00.The dollar fell in parallel with US Treasury bond    .. more …