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real estate market information: December Existing-Home Sales Show Uptrend - 01/20/12 03:02 PM
Daily Real Estate News | Friday, January 20, 2012 --> Existing-home sales continued on an uptrend in December, rising for three consecutive months and remaining above where they were a year ago, according to the National Association of REALTORS®.
The latest monthly data shows total existing-home salesrose 5.0 percent to a seasonally adjusted annual rate of 4.61 million in December from a downwardly revised 4.39 million in November, and are 3.6 percent higher than the 4.45 million-unit level in December 2010. The estimates are based on completed transactions from multiple listing services that include single-family homes, townhomes, condominiums and co-ops.
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real estate market information: What Had the Biggest Impact on Housing in 2011? - 01/02/12 10:47 AM
Daily Real Estate News | Friday, December 30, 2011 --> The “government, the mortgage industry, and forces of nature all shook the housing market in 2011,” according to a recent Time magazine article, which highlights the key issues that had the greatest impact on the real estate market this year--and what’s expected to have a major impact in the new year as well.
Here are a few of the issues that the Time magazine article by Jed Kolko, Trulia’s chief economist, notes as having some of the greatest impact:
1. The robo-signing scandal
The issue: Banks were accused of approving … (0 comments)
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real estate market information: Mortgage Rates Continue to Hover at Record Lows - 12/02/11 02:51 PM
Daily Real Estate News | Friday, December 02, 2011 --> Averages on fixed-mortgage rates continued to hover near historic lows for the week, while adjustable-rate mortgages inched down slightly to reach new record lows, Freddie Mac reports in its weekly mortgage market survey.
"Mortgage rates were little changed this past week, with the average 30-year fixed-rate mortgage at or below 4 percent for the fifth consecutive week,” Frank Nothaft, Freddie Mac’s chief economist, said in a statement. “The extraordinarily low mortgage rates of the past month may provide a needed spur to housing activity.”
This week, the National Association of … (1 comments)
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real estate market information: October Existing-Home Sales Rise - 11/22/11 11:32 AM
Daily Real Estate News | Monday, November 21, 2011 --> Existing-home sales improved in October while the number of homes on the market continued to decline, according to the National Association of REALTORS®.
Total existing-home sales — completed transactions that include single-family, townhomes, condominiums and co-ops — rose 1.4 percent to a seasonally adjusted annual rate of 4.97 million in October from a downwardly revised 4.90 million in September, and are 13.5 percent above the 4.38 million unit level in October 2010.
Room for Improvement Lawrence Yun, NAR chief economist, said the market has been fairly steady but at a … (2 comments)
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real estate market information: 30-Year Mortgage Rates Drop Under 4% Again - 11/11/11 04:01 PM
Daily Real Estate News | Friday, November 11, 2011 --> For the second time this year, the 30-year fixed-rate mortgage dropped below 4 percent and continues to hover around record lows, Freddie Mac reported in its weekly mortgage market survey.
Yet overall, "fixed mortgage rates were little changed this week amid a mix of economic data reports,” Frank Nothaft, Freddie Mac’s chief economist, said in a statement.
Here’s a closer look at mortgage rates for the week ending Nov. 10:
30-year fixed-rate mortgages: averaged 3.99 percent with an average 07 point, down from last week’s 4 percent average. The last … (0 comments)
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Jon Becker
Traverse City,
MI
More about me…
Century 21 Northland
Address: 241 E. State St., Traverse City, Mi, 49684
Office Phone: (231) 929-7900
Cell Phone: (231) 342-5401
Email Me
Keep yourself informed on Northern Michigan Real Estate information including listings for sale, price changes, listings sold, area community information, real estate related laws/ taxes as well as financing information and real estate buying & selling tips & information. For more complete information and to search ALL area listings, photos / slide shows & listing brochures please visit www.c21jb.com
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