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...]
Foot Traffic: Tiftarea Board of REALTORS®
Foot traffic and future home sales have a strong correlation. SentriLock, LLC. provides NAR Research with monthly data on the number of showings. Foot traffic in the area covered by the Tiftarea Board of REALTORS® (Tifton, GA) rose 22% over the … [Read more...]
More than 10% of Homes Sold had a Sales Price over $500,000
Data based on May’s existing home sales release, covering April figures. For more information, check out the “supplemental market data” file on the EHS data page. Sales growth was largest among homes in above-median-priced … [Read more...]
Foot Traffic: Somerset-Lake Cumberland Board of REALTORS®
Foot traffic can give a strong indication of future home sales. SentriLock, LLC. provides NAR Research with monthly data on the number of showings. Foot traffic in the area covered by the Somerset-Lake Cumberland Board of REALTORS® (Somerset, KY) … [Read more...]
Household Net Worth
The net worth of households and non-profits has recovered completely from the recession and reached a new peak of over $70 trillion in the first quarter of 2013 according to data from the Federal Reserve Flow of Funds. During the recession, the net … [Read more...]
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