Newly released federal data reaffirmed the continued strength of the housing market
Newly released federal data reaffirmed the continued strength of the housing market.   Sales of new single-family houses in May were at a seasonally adjusted annual rate of 610,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban... Keep Reading....
Mortgage applications increased five percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 7, 2013. Last week’s results included an adjustment for the Memorial Day holiday. The Market Composite... more
Southern California home sales held at a seven-year high last month thanks to a stronger economy, pent-up demand, low mortgage rates and the widening perception that a home is a good investment. Prices continued to regain lost territory as buyers competed for a thin supply of homes for sale and... more
The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 3.93 percent, up six basis points from 3.87 percent at this time last week. The 30-year fixed mortgage rate hovered between 3.85 and 3.94 percent for the majority of the week, dropping down to as low as 3.80 percent on... more
Five Ohio cities made the “Top 15 List” of cities where homebuyers can find fixer-upper bargains, according to a new report from RealtyTrac. Overall, the Midwest dominated the list, with 10 of the 15 cities located in Midwestern states. Detroit was number one and Chicago ranked second for cities... more