mortgages maple grove: Increases in Exsisting Home Sales-Everyone's Buying Now! - 08/23/12 12:32 PM
Home resales climbed 2% last month as the housing market continues its measured, steady recovery.
According to the National Association of REALTORS®, Existing Home Sales rose to 4.47 million units in July on a seasonally-adjusted, annualized basis.
An "existing home" is a home that cannot be classified as new construction and, despite a reduction in the national homes inventory, the number of previously-occupied homes sold in July was higher by 10% as compared to one year ago.
The Existing Home Sales also reported the folliowing :
First-time buyers accounted for 34% of all purchasers, down from 34% in June Real estate … (4 comments)

mortgages maple grove: June's Improving Market Index - 06/14/12 10:37 AM
The number of U.S. housing markets showing "measurable and sustained growth" slipped by 20 in June, according to the National Association of Homebuilders.
The Improving Market Index is meant to identify housing markets in which economic growth is occurring as a whole -- not just in the real estate space.
By using three separate, independently-collected data series, each tied to local economic conditions, the Improving Market Index takes a broader view of the housing market than other housing market indicators -- the Case-Shiller Index, for example -- which are often singularly tied to housing contracts.
The Improving Market Index tracks three … (0 comments)