As Homebuilder Confidence Stagnates, Deals Abound

Home builder confidence held firm this month, according to the National Association of Home Builders’ monthly Housing Market Index. September’s reading of 13 equaled a 17-month low. The HMI is on a 1-100 scale. A value of 50 or better indicates “favorable conditions” for home...

Case-Shiller Shows Slowing Growth In Home Prices… Two Months Ago

For the 17th straight month, the Case-Shiller Index reports that home values are rising across the United States. As compared to June, July’s prices were up by 4 percent. However, despite the improvement, July’s Case-Shiller Index showed weaker as compared to prior months. In June, just 3...

New Home Sales Unchanged In August; Market Stabilizing

Existing Home Sales rebounded last month after a lackluster July. New Home Sales data, by contrast, did not. After an upward revision to July’s data, New Home Sales remained unchanged at 288,000 units in August. It marks the second-lowest number of units sold in a month since 1963, the year government...

What’s Ahead For Mortgage Rates This Week : September 27, 2010

Mortgage markets improved last week as markets digested a bevy of data from the housing sector, plus the scheduled Federal Open Market Committee meeting. In back-and-forth trading, conforming mortgage rates in Washington bottomed out Wednesday before rising through Friday’s afternoon close. Rates...

Existing Home Sales Rebound In August, Give Hope For Autumn

Sales of existing homes in recovered in August, perhaps the result of a post-tax credit normalization. As compared to July, Existing Home Sales rose 8 percent in August, buoyed by falling interest rates and slow-to-rise home prices. There’s lot of “good deals” out there and home buyers in...