May’s Case-Shiller Index showed a 1 percent increase from April 2011. Home values rose in 16 of the Case-Shiller Index’s 20 tracked markets. Only Detroit, Las Vegas and Tampa fell. Phoenix was flat.
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New Home Supplies Keep Shrinking; Prices Pressured Higher
According to Census Bureau data, the number of new homes slid 1 percent from May. On a seasonally-adjusted, annualized basis, home buyers bought 312,000 newly-built homes last month.
Is An FHA Mortgage Better Than A Conforming One?
The FHA is insuring a greater percentage of loans than during any time in recent history. In 2006, it insured roughly 5 percent of the purchase mortgage market. Today, it insures one-quarter. “Going FHA” is more common than ever before — but is it better?
How To Clean A Smelly Front-Loading Washing Machine
Because of the way most front-loading washers are built, they tend to pool water in their drums, which can be a breeding ground bacteria and mildew. Whether your front-loading washer smells “dirty” or not, you’ll want to follow proper procedures to keep it clean.
Home Prices Rise For The 2nd Straight Month
A strong spring season helped home values recover, says the government. According to the Federal Home Finance Agency’s Home Price Index, home prices rose a seasonally-adjusted 0.4 percent from April to May.
Existing Home Sales Fall To 8-Month Low
Home resales slipped for the 3rd straight month, according to data from the National Association of REALTORS®. Sales volume is at an eight-month low.
Housing Starts Surge 9 Percent; Signal A Strong Fall Season
Builders are busy once again. According to the Census Bureau, Single-Family Housing Starts rose to 453,000 on a seasonally-adjusted, annualized basis in June — a 9 percent spike from the month prior and the highest reading in 3 seasons.
Led By Expectations Of A Strong Fall Season, Homebuilder Confidence Bounces Back
Homebuilder confidence is bouncing back. One month after an unceremonious dip highlighted by poor sales figures and dim prospects for the future, the National Association of Homebuilder’s Housing Market Index rebounded two points to 15 in July.
There Are 3.7 Million Homes For Sale. Is Yours Standing Out From The Crowd?
According to the National Association of REALTORS, there are more than 3.7 million homes for sale this month. If your home is among them, are you doing what it takes to stand apart from the crowd?
Retail Sales Rise For 12th Straight Month In June
The American Consumer will not be deterred. Despite worsening jobless figures and an increase in the Cost of Living, Retail Sales are climbing.