The latest data on state employment shows solid one-month job creations in Ohio (+32,100), Texas (+19,500), and Michigan (+18,100). Bad news with one-month job losses in Pennsylvania (-9,200), South Carolina (-7,700), and Florida … [Read more...]
Share of Refinances That Were HARP and 5% or More Underwater
The Home Affordable Refinance Program (HARP) was initiated in April of 2009 as a means for homeowners to take advantage of lower mortgage rates. Refinances have the double benefit of reducing the likelihood of default by making payments more … [Read more...]
Inventory Conditions Improve Slightly But Still Lags Demand in May
In May, REALTORS® generally reported strong buyer demand against a low but slightly improving inventory. The Buyer Traffic Index rose to 72, well past the mark of 50 that delineates “moderate” conditions. The Seller Traffic Index registered at 43 (41 … [Read more...]
Home Mortgage Rates Climbing [INFOGRAPHIC]
InfoGraphic … [Read more...]
Consumer confidence rising
FannieMae reported that “American’s confidence in their ability to buy and sell their home climbed sharply in May, “according to their Monthly National Housing Survey. The large boost in pace of residential sales from April to May, … [Read more...]
Commercial Real Estate Lending Advances – Gains Remain Uneven
After several years of drought, the lending spigot opened a little wider during 2012, as every lender group upped its volume. With asset valuations rising and record low interest rates, lending provided a firmer foundation for investment deals. The … [Read more...]
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