home buyers: Home Supplies Higher...Create Opening For Today's Home Buyers
- 05/25/10 02:56 AM
Home Supplies Tick Higher, Creating An Opening For Today's Home Buyers Sales of existing homes rose in April, buoyed by an expiring home buyer tax credit and exceptionally low mortgage rates. As compared to March, April's Existing Home Sales rose by 410,000 units nationwide -- the second straight month of large gains. An "existing home" is a home resold by a prior owner (i.e. not new construction). It's a solid report for housing overall, with rising sales suggesting that the real estate market's recovery is ongoing. However, the data presented a mixed message. According to the National Association of Realtors®, although the … (0 comments)
home buyers: Housing Starts Rise In April, Exerting Downward Pressure On Home Prices
- 05/19/10 05:38 AM
Housing Starts Rise In April, Exerting Downward Pressure On Home Prices Single-family Housing Starts rose by 55,000 last month, suggesting ample housing stock from which can choose this summer. The report is a slightly larger read than what economists had expected. Furthermore, for the first time since June 2009, Housing Starts appears to have broken away from its half-million unit plateau. 593,000 new homes were started in April. Ordinarily, both Wall Street and Main Street would celebrate a strong housing sector report like this, but the Department of Commerce's press release also held two cautionary notes. The first point of … (1 comments)
Home Supplies Tick Higher, Creating An Opening For Today's Home Buyers 
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