real estate news: Home Builder Confidence Up - Construction of Single Family Homes Up 6%
- 09/05/12 05:14 AM
In the wake of positive signs from the housing market, such as rising prices, fewer foreclosures, and lessening inventories, the NAHB revealed even more good news. In a press release from July 17, the NAHB/Wells Fargo Housing Market Index rating builder confidence was reported to have shown improvement. According to the release, the market for new construction, single-family homes rose 6 points on the NAHB/Wells Fargo HMI. The news was extremely welcome, because the July figures represent the largest one-month gain in almost 10 years and places the HMI at its highest level since March 2007.In the scope of the monthly … (0 comments)
real estate news: States Using Mortgage Settlement Funds To Close Budget Gaps
- 08/14/12 03:55 AM
Although recent months have revealed many promising signs of housing market recovery, a recent Bloomberg article reveals that we’re not in the clear just yet, as states continue to divert mortgage settlement funds to patch up budget holes.The good news is that demand for homes and house prices both appear to be on the rise in many markets. However, many problems have been slower to show visible signs of improvement, such as the fact that 12 million borrowers are still “underwater”, i.e. their mortgages cost more than their homes are worth. In an attempt to improve the situation, a $25 … (0 comments)
In the wake of positive signs from the housing market, such as rising prices, fewer foreclosures, and lessening inventories, the NAHB revealed even more good news. In a press release from July 17, the NAHB/Wells Fargo Housing Market Index rating builder confidence was reported to have shown improvement. According to the release, the market for new construction, single-family homes rose 6 points on the NAHB/Wells Fargo HMI. The news was extremely welcome, because the July figures represent the largest one-month gain in almost 10 years and places the HMI at its highest level since March 2007.In the scope of the monthly … (0 comments)
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