April existing home sales were down 0.8% this month below the expected 5.05 million annual rate. This caused the year on year rate to move down to 12.9%. However, the median home price has moved up 2.4% to $163,700 with an average price of $214,000 for a 3.5% gain.… read more
Tag Archives: housing market
MBA Purchase Applications – Housing Market, Housing News, Economic News,Trading news
Low interest gates gave a big boost of 13.2% to mortgage refinances; this makes for a 33% rise over the last 5 weeks. However, new mortgage applications were down 3.2% and there is still not as much buying demand to signal any kind of bottom at this point. The composite index came in at 7.8%… read more
MBA Purchase Applications – Housing Market, Futures Trading news, Economic News, Commodity Trading News
For the week of May 6, 2011 Mortgage Purchase applications rose for both new purchases and refinancing. Purchases were up 6.7% and refinancing up 9.0%. With the current interest rates sitting at about 4.75% it has become an enticing time for current home owners and new buyers to take on a mortgage or refinance for a better rate.… read more
MBA Purchase Applications for April 27, 2011 – Economic Calendar, Futures Trading news, trading news, Economic News
According to the Mortgage Bankers Association for the week of April 22, 2011 there was a drop in the number of new applications and refinance application. Overall composite was therefore down. Prior Actual Purchase Index – W/W Change 10.0 % -13.6 % Refinance Index – W/W Change 2.7 % -0.6 % Composite Index – W/W Change 5.3 % -5.6 % … read more
Existing Home Sales rise 3.7% to 5.1 Million – Futures Trading News
According to the National Association of Realtors March showed decent gains for existing home sales. They reported a slight 3.7% gain to a higher than expected annual rate of 5.1 million. The median sale price of existing homes also showed some gain rising 2.2% to $159,600. However, the year on year comparison shows a 5.9% dip in… read more
New Home Sales 11/24/2010
WASHINGTON, Nov 24 (Reuters) – New U.S. single-family home sales fell unexpectedly in October and prices dropped to a seven-year low, a government report showed on Wednesday, pointing sustained weakness in the housing market following the end of a home-buyer tax credit. The Commerce Department said sales dropped 8.1 percent to a 283,000 unit annual… read more