The housing market continues to show signs of improvement, propelled by low home prices and the cheapest mortgage rates of all-time.
Existing Home Sales Approach Bull Market Territory
According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, December’s Existing Home Sales climbed by 120,00 units overall from the month prior on its way to an 11-month high.
Behind The Housing Starts Headlines, The Story That Matters
Single-family housing starts climbed 4 percent last month to 470,000 units on a seasonally-adjusted, annualized basis. This is the highest number of Single-Family Housing Starts since April 2010 — the last month of last year’s home buyer tax credit.
Home Builders See More Sales, Higher Prices Ahead
Homebuilder confidence is soaring, reaching levels not seen in more than 4 years.
Foreclosure Filings Fall To 49-Month Low
Foreclosure filings are fewer these days, according to foreclosure-tracking firm RealtyTrac.
Pending Home Sales Index Rises Back Above 100
Low home prices and mortgage rates have combined to push home affordability to record levels nationwide. Home buyers are taking advantage.
Nationally, Home Prices Off 18.3 Percent From April 2007 Peak
The government confirms what the private-sector Case-Shiller Index reported yesterday. Nationwide, average home values slipped in October.
New Home Sales Approach Bull Market Territory
According to the Census Bureau, the number of new homes sold rose 2 percent in November, taking the metric to a 7-month high.
Home Supplies Fall To 7.0 Months Nationwide; Buyer Demand Strong
Home resales moved to a 10-month high in November, the latest in a series of strong showings from the housing sector.
Housing Starts Show Strength In Housing
According to the U.S. Census Bureau, Single-Family Housing Starts rose to 447,000 units on a seasonally-adjusted, annualized basis in November — a 2 percent increase from October.