Foreclosures are a big part of the housing market, with distressed properties accounting for 35 percent of all home resales last month, according to the National Association of REALTORS®. But for as common as foreclosures can be, they remain a localized concern. Data from foreclosure-tracking fi
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11/04/2010
In the same week that the National Association of REALTORS reported home resales up 10 percent in September, the U.S. Census Bureau reported similarly strong results for the new construction market. After improving 1 percent in August, New Home Sales popped another 7 percent in September. It's n
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11/04/2010
Consistent with the most recent Case-Shiller Index, the government's Home Price Index said home prices rose between July and August. The Federal Home Finance Agency's data showed values up 0.4 percent nationwide, on average. Region-by-region, however, the results were scattered. Coastal states
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11/04/2010
Existing home sales jumped 10 percent in September, the biggest monthly jump on record and a signal that the housing market may be returning to a normal sales pattern post-$8,000 federal tax credit. Existing Home Sales counts home resales (i.e. not new construction) and 80 percent of home resales
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11/04/2010
Mortgage markets improved last week overall, but barely. After making a sizable move lower through Monday, Tuesday and Wednesday, mortgage pricing jumped Thursday and Friday. Nearly all of the early-week gains were erased. Conforming mortgage rates in Wisconsin ended the week slightly improved. T
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11/04/2010
30-year fixed mortgage rates rose last week, marking the first time in a month that rates failed to fall week-to-week. The data sources from Freddie Mac, one of the government's major mortgage securitizers and a sister entity to Fannie Mae. Each week, Freddie Mac collects mortgage rate data from
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11/04/2010
The company behind the popular FICO scoring model has published a "What If?" series for common, specific credit missteps. If you've ever wondered how your credit score would be affected by a missed payment or a maxed-out credit card, now you can use a look-up guide to assess the probable damage.
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11/04/2010
According to the Commerce Department, the number of single-family Housing Starts increased to 452,000 units in September, a 19,000 improvement over August. A "housing start" is a new home on which construction has started. Housing Starts data is surveyed and broken-down by housing type: Single-Fa
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11/04/2010
As the "pulse of the single-family housing market", the Housing Market Index is a monthly product of the National Association of Homebuilders. Its scores range from 1-100, with a reading a 50 or better suggesting "favorable conditions" for builders. Because of its methodology, the Housing Market
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11/04/2010
