Mortgage Rates End Year Near Record Lows

Mortgage Rates End Year Near Record Lows Daily Real Estate News | Friday, December 28, 2012 Fixed-rate mortgages ended the year by hovering near record-breaking lows and keeping home buyer affordability high, Freddie Mac reports in its weekly mortgage market survey. “The 30-year fixed-rate mortgage averaged 3.66 percent for 2012, the lowest annual average in…

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New-Home Sales Jump to Fastest Pace in Years

New-Home Sales Jump to Fastest Pace in Years Daily Real Estate News | Friday, December 28, 2012 New single-family home sales soared to its fastest pace in 2 1/2 years, jumping 4.4 percent over last month, as median prices also rose, the Commerce Department reported Thursday. The sales pace in November for new-home sales was…

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Pending Home Sales Rise Again

Pending Home Sales Rise Again Daily Real Estate News | Friday, December 28, 2012 Pending home sales increased in November for the third-straight month and reached the highest level in two-and-a-half years, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 1.7 percent to…

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The Real Force Behind the Rise in Home Prices?

The Real Force Behind the Rise in Home Prices? Daily Real Estate News | Friday, December 28, 2012 One of the main culprits driving the rise in home prices: The Federal Reserve, says Jonathan Miller, president and CEO of Miller Samuel Inc., a real estate appraisal and consulting firm. At a time when unemployment is…

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Existing-Home Sales, Prices Maintain Uptrend

Existing-Home Sales, Prices Maintain Uptrend Daily Real Estate News | Thursday, December 20, 2012 Existing-home sales continued to improve in November with low inventory pressuring home prices upward, according to the National Association of REALTORS®. Total existing-home sales — completed transactions that include single-family homes, townhomes, condominiums and co-ops — rose 5.9 percent to a…

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Buyer Urgency Expected to Drive 2013

Buyer Urgency Expected to Drive 2013 Daily Real Estate News | Wednesday, December 19, 2012 Home shoppers will likely have more urgency in the new year, wanting to buy before home prices rise even more. Home prices are edging up in most markets, and buyers are taking notice. Buyer surveys recently have shown that home…

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