December 29th, 2011
The Census Bureau reported this week that the nationwide housing market continues to show positive signs as new home sales edge upward. New home sales are roughly 1.6% higher since the last figure from October. When compared to November 2010, new home sales are actually up 9.8% Other positive news for the market followed as [...]
December 21st, 2011
According to the National Association of Home Builders and Wells Fargo Housing Market Index, builder confidence has risen yet again in December to its highest level since May 2010. This is also the first time since 2009 where this confidence has risen for 3 straight months. The builder confidence scale is calculated on builders’ outlook [...]
December 15th, 2011
Mortgage rates, yet again, have fallen to record lows in the past week. According to Freddie Mac, the 30-year fixed mortgage rate sunk to 3.94% which matches the record low set 10 weeks previous in early October. The 15-year fixed mortgage is also down to a new low of 3.21% which is lower than the [...]
