Despite the fact that key market indicators released in recent weeks have shown declines in home sales, anecdotal reports from real estate agents in the field suggest “better days are ahead for the industry,” according to commentary released Monday by the economic team at Wells Fargo Securities, LLC. Even builders – who’ve endured possibly the …
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USA Today posted an article entitled: “Housing outlook is more upbeat.” Apparently, it’s believed that the housing market is finally nearing the bottom for good. According to the article, both home sales and home building are expected to rise this year–after the steep decrease in both the past five years. Here are just a few …
Mortgage rates will likely remain very low, at least through mid-2012, according to Freddie Mac. Rates on 30-year conforming mortgages have hovered around 4.0 percent or lower for the past quarter. The GSE says that in large part due to the Federal Reserve’s program for extending the maturity date for mortgage securities it holds. This …
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Information from the California Association of Realtors.