The past four weeks of for MBA purchase applications has been rather inconsistent (up and down); however, in the April 29th week the Mortgage Bankers Association index show a 0.3% gain. I would not call this stellar by any means and based on the past few weeks showing, this gain may be short lived.… read more
Tag Archives: housing
New Homes Sales – April 25, 2011
Sales of new single-family houses in March 2011 adjusted to an annual rate of 300,000 according to U.S. Census Bureau and the Department of Housing and Urban Development. This number is 11.1 percent (±21.7%)* above the revised February rate of 270,000, However it is still 21.9 percent (±10.3%) below the March 2010 estimate of 384,000. The… 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