Marion Skubi From RealTrends.com: October 10, 2011 – The REAL Trends Housing Market Report showed that the combination of new and existing home sales in September 2011 increased on an annualized basis from both September of 2010 and from August 2011. The annualized rate of home sales increased from 4.901 million in August 2011 to 5.094 million … Read more
From MSN.com: Fixed mortgage rates have fallen to below 4 percent for the first time ever.
The average rate on a 30-year fixed mortgage fell to 3.94 percent this week, Freddie Mac said Thursday, from 4.01 percent the prior week, the previous low. The average rate on a 15-year fixed loan dipped to 3.26 percent, also a record.
September 2011 Sales YTD Avg List Price Avg Sale Price 2010 Sales Value of the Month Las Campanas 37 1,091,810 973,728 21 Northwest County 80 725,527 685,256 72 Northeast City 105 762,097 693,149 120 Tesuque 18 1,507,161 1,268,834 12 Santa Fe City 595 442,665 412,609 609 Santa Fe County (includes city) 1009 4485,763 450,003 1017 Go … Read more
From RealTrends.com: The U.S. housing market will hit bottom this year and remain flat until 2014, when it will start to slowly recover, said Rick Sharga, an executive vice president with Carrington Mortgage Holdings.
“We’re looking at a catfish recovery,” he told attendees at the Asian Real Estate Association of America conference in San Francisco Friday, saying the market will bump along the bottom for some time before starting to revive.
Derek Kravitz, Associated Press: Fixed mortgage rates have fallen to historic new lows for a fourth straight week and are likely to fall further.
The average on a 30-year fixed mortgage fell to 4.01 percent this week, Freddie Mac said Thursday. That’s the lowest rate since the mortgage buyer began keeping records in 1971. The last time long-term rates were lower was in 1951, when most long-term home loans lasted just 20 or 25 years.
NEW YORK (CNNMoney) — Home buyers are starting to creep back into the housing market, lured by rock-bottom prices.
Sales of existing homes rose 7.7% last month to an annual rate of 5.03 million homes, from 4.67 million homes in July, according to the National Association of Realtors.
From MSN.com: Prospective homebuyers and sellers could run into additional roadblocks in coming months as new mortgage regulations set to take effect this fall filter into the system. Although the new limits on conforming loans — mortgages eligible for government guarantees — won’t officially roll out until Oct. 1, buyers and sellers alike could feel the pinch of even tighter credit availability much sooner as lenders start gearing up for lower loan caps.
AP-Fixed mortgage rates have fallen to the lowest level in six decades for the second straight week. But few Americans can take advantage of the historically low rates.Freddie Mac says the average rate on the 30-year fixed mortgage fell to 4.09 percent this week. That’s the lowest rate seen since 1951.
From RisMedia.com: Recently, the National Association of Home Builders (NAHB) released its first NAHB/First American Improving Markets Index (IMI), a new economic index revealing metropolitan areas that have shown improvement for at least six months in three key economic areas—housing permits, employment and housing prices.
From MSN.com: By Meg Handley of U.S. News & World Report
Although the Golden State was battered when the housing bubble burst, California is still home to six of the 10 most expensive housing markets in the country, according to Coldwell Banker’s most recent “Home Listing Report.”
