No doubt you've heard that mortgage rates are low. They're lower than they've ever been in history. The news is everywhere. But the low rate environment looks like it's ending.
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No doubt you've heard that mortgage rates are low. They're lower than they've ever been in history. The news is everywhere. But the low rate environment looks like it's ending.
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Standard & Poors released its Case-Shiller Index Tuesday. On a seasonally-adjusted basis, between April and May 2010, home prices rose in 19 of Case-Shiller's 20 tracked markets. It's the second straight month of strong Case-Shiller findings.
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Single-family Housing Starts eased lower last month, falling by 0.7 percent from May, or 3,000 units nationwide.
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Remember, it wasn't too long ago that most builders were flush with home inventory, unable to find willing buyers. To help move product at that time, builders dropped prices and offered incentives including free upgrades. If confidence continues to sag going forward, home purchase deals of that nature may return -- especially as the...
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June marks the 16th straight month the filings topped 300,000. 1 in every 411 U.S. homes received some form of notice last month with foreclosure density varying wildly from state-to-state. Like everything else in real estate, it seems, foreclosures are a local phenomenon.
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At first glance, the June jobs report looks weak but a deeper look shows something different.
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On the surface, May's Pending Home Sales Index looks terrible for housing. And, if you're a seller, it just might be. But, if you're a buyer, the story reads differently. Just consider the market conditions.
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As 2009 was ending, the "experts" were busy making forecasts about the U.S. economy and what to expect in 2010. Were they right?
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In reviewing the April Case-Shiller Index and its accompanying analysis, it appears that the housing market's rebound is gathering momentum.
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The press is referring to the May New Home Sales report as "poor". A closer look, however, shows that may not be the case.
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