If you think your local housing market is heating up, you’re probably right. Just look at the results of the most recent HouseHunt Current Market Conditions national grass roots survey. After reading the results of our findings homeowners will have plenty of reasons to expect that their home values are on the path toward recovery …
Category Archive: Top News
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Existing-home sales up across all regions in August
Existing-home sales increased in August, providing some good news for the struggling housing market. Monthly gains were seen in all regions, according to the National Association of Realtors. Total existing-home sales, which are completed transactions that include single-family, townhouses, condominiums and co-ops, rose 7.7 percent to a seasonally adjusted annual rate of 5.03 million in …
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Foreclosure filings up in August, down from a year ago
Foreclosure filings rose in August, as more homebuyers fell behind on their mortgage payments. Filings were up 7 percent compared to July, but were still 33 percent lower than a year ago, marking the 11th consecutive month of year-over-year declines. According to a report by Realty Trac, 228,098 homes in the U.S. received some kind …
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Despite low rates, mortgage applications hit another low
Mortgage applications to purchase a home fell last week to a 15-year low, despite the lowest mortgage rates in decades. Many potential buyers are holding off because they are worried about job security and fear the U.S. economy could slip back into another recession. The Mortgage Bankers Association said Wednesday that an index measuring mortgage …
Permanent link to this article: http://www.househunt.com/news-realestate/2011/08/despite-low-rates-mortgage-applications-hit-another-low/
Some cities bucking trend with steady rise of home values
A smattering of cities has managed to buck the sluggish housing trend by seeing modest gains in home values over the past several months. Those cities were highlighted by Forbes Magazine in its list of recession-resistant cities. The compilation reflects the 25 cities welcoming steady home price gains since the start of 2011. Despite a …
Permanent link to this article: http://www.househunt.com/news-realestate/2011/08/some-cities-bucking-trend-with-steady-rise-of-home-values/
Foreclosures contributing to drop of home prices in California
The influx of distressed properties contributed to the drop in home prices in California in July. The median price for new and resale houses and condominiums in the state last month was $252,000, down 0.4 percent from June and down 6 percent from July 2010. California’s median – the point at which half the homes …
Permanent link to this article: http://www.househunt.com/news-realestate/2011/08/foreclosures-contribute-to-continuing-drop-of-home-prices-in-california/