Pending Home Sales Index Leaps To Multi-Year High

Homes were sold at a furious pace last month. According the National Association of REALTORS® (NAR), the Pending Home Sales Index rose 5.2 percent in October, crossing the benchmark 100 reading, and moving to 104.8. It's a 5-point improvement from September's revised figure and the highest reading April 2010 -- the...

New Home Sales Remain Elevated Into Q4 2012

Sales of newly-built homes took a small step lower in October, but remain strong. According to the Commerce Department, New Home Sales slipped 1,000 units last month, falling to 368,000 units on a seasonally-adjusted, annualized basis.  The final reading fell short of Wall Street expectations, and the government revised downward...

Case-Shiller Index Verifies Home Value Gains Through Q3 2012

The housing market continues to expand. According to the S&P/Case-Shiller Index, which was released earlier this week, U.S. home prices rose in September for the sixth straight month, climbing 0.3% as compared to the month prior. On an annual basis, values are higher by 3.0%. The Case-Shiller Index findings are...

Which Is Better : 15-Year Fixed Rate Mortgage Or 30-Year Fixed Rate Mortgage?

As a home buyer or refinancing household in Decatur , you have choices with respect to your mortgage. You can choose a loan with accompanying discount points in exchange for lower mortgage rates; you can choose adjustable-rate loans over fixed rate ones; and, you can choose loans with principal +...

More Bullish Data : Housing Starts Climb 3.6%

According to a joint release from the U.S. Census Bureau and the Department of Housing and Urban Development, Housing Starts rose 3.6% in October 2012, climbing to a seasonally-adjusted, annualized rate of 894,000 units. A "housing start" is a new home on which construction has started and the report gives...

Existing Home Sales Move Higher In October

After a small decline in September, Existing Home Sales rebounded in October, increasing a modest 2.1%. The housing market's slow, steady recovery continues as sales volume in all four regions expanded last month with the exception of the Hurricane Sandy-affected Northeast. The National Association of REALTORS® monthly Existing Home Sales...

Homebuilder Confidence Spikes To 6-Year High

The National Association of Home Builders (NAHB) released its Housing Market Index (HMI) Tuesday, which showed sharp, 5-point increase to 46 for November 2012, marking the seventh consecutive monthly gain for the HMI, and lifting the index to its highest point since May 2006. Readings under 50 indicate unfavorable housing conditions...

Federal Reserve : New Economic Stimulus May Be Warranted

The Federal Reserve released its October Federal Open Market Committee (FOMC) meeting minutes last week, revealing a Fed in disagreement about the future of the U.S. economy and about what, if any, stimulus may be warranted in the next 12 months. The "Fed Minutes" recaps the conversations and debates that...

Bank Repossessions Slip For 24th Consecutive Month

According to data from RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings increased 3 percent in October as compared to September 2012, climbing to 186,455 U.S. properties. RealtyTrac defines a "foreclosure filing" as any foreclosure-related action including a Notice of Default, a Scheduled Auction, or a Bank Repossession....