Existing Home Sales Hit 5-year High in 2012

Although existing homes sales were down in December from the month before, the 2012 total was the highest in five years, according to the National Association of REALTORS®. “Record-low mortgage interest rates clearly are helping many home buyers, but tight inventory and restrictive mortgage underwriting standards are limiting sales,” says … Continue reading

Builder Confidence Holds Steady in January

RISMEDIA, Thursday, January 17, 2013— Builder confidence in the market for newly built, single-family homes was unchanged in January, remaining at a level of 47 on the National Association of Home Builders/Wells Fargo Housing Market Index, released today. This means that following eight consecutive monthly gains, the index continues to … Continue reading