Existing-home sales near 5-year high

Existing-home sales, prices and inventory saw dramatic changes in 2012 reminiscent of the housing boom, statistics released by the NATIONAL ASSOCIATION OF REALTORS®. At 4.65 million units, 2012 existing-home sales were up 9.2 percent from 2011, according to NAR’s preliminary totals for the year. That would be the highest volume since 2007, when 5.03 million …

Continue reading ‘Existing-home sales near 5-year high’ »

Number of Improving Markets Spikes in January, Hits 242

The National Association of Home Builders (NAHB)/ First American Improving Markets Index (IMI) continued its trend of marked monthly improvements in January, according to a release from the NAHB. The index rose for the fifth consecutive month in January to reach 242, once again achieving a record high. The index measured 201 in December… …According …

Continue reading ‘Number of Improving Markets Spikes in January, Hits 242’ »

Federal refinance plan in the works for underwater borrowers?

It looks as if a federal plan is in the works to help underwater borrowers with mortgages not backed by Fannie Mae or Freddie Mac.  The proposal, outlined in President Obama’s State of the Union address, would help millions of homeowners in America.  Borrowers would need a minimum credit score of 580 to be eligible.  …

Continue reading ‘Federal refinance plan in the works for underwater borrowers?’ »

Is housing looking up?

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 …

Continue reading ‘Is housing looking up?’ »