Market Update

By
Mortgage and Lending with Caliber Home Loans 176918

Market Update 

INFO THAT HITS US WHERE WE LIVE  Last Tuesday the National Association of Realtors reported pending home sales were UP 5.3% in March over February, and UP 21.1% over March of last year. This gain in contracts on existing homes, following February's 8.3% rise, indicates a nice boost should be coming in existing home sales for April. Buyers who signed contracts before the end of March now have till the end of June to qualify for their homebuyer tax credit.

In other news, a major mortgage insurance company reported the risk of a decline in home prices decreased in the last quarter of 2009 in 93% of the 384 markets they track. They put this decrease to declining foreclosure starts and improved affordability, thanks to attractive prices, low  mortgage rates and increasing personal income.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Mortgage / Finance
Tags:
interest rates
foreclosures
stock market
short sales
real estate
april diehl
primelending mortgage

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
11,646

April Diehl

Local Expertise National Strength
Ask me a question
*
*
*
*
Spam prevention