Low Mortgage Rates Influence
Even with the home buying season behind us, housing data continues to show the influence of low mortgage rates.
The National Association of Realtors reported that existing home sales increased 2.1% on a seasonally adjusted basis in October.
This increase is 10.9% higher than the rate in October of 2011.
It's time: Create a plan for 2013 success Single family homes increased 9.6% above a year ago while condo and co-ops rose 21.3% higher than the same time last year.
Total existing home sales represent single family homes, townhouses, condominiums and co-ops.
The National Association of Builders reported that builder confidence rose to the highest level since May of 2006.
For the seventh consecutive monthly gain, the NAHB/Wells Fargo Housing Market Index jumped 5 points to 46.
Even mortgage applications showed improvements for the week ending November 9th. According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey, volume increased 12.6% on a seasonally adjusted basis.
The Refinance Index rose 13% and the seasonally adjusted Purchase Index rose 11%. The share of total mortgage application volume for refinancing rose to 81%..
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The National Association of Realtors reported that existing home sales increased 2.1% on a seasonally adjusted basis in October.
This increase is 10.9% higher than the rate in October of 2011.
It's time: Create a plan for 2013 success Single family homes increased 9.6% above a year ago while condo and co-ops rose 21.3% higher than the same time last year.
Total existing home sales represent single family homes, townhouses, condominiums and co-ops.
The National Association of Builders reported that builder confidence rose to the highest level since May of 2006.
For the seventh consecutive monthly gain, the NAHB/Wells Fargo Housing Market Index jumped 5 points to 46.
Even mortgage applications showed improvements for the week ending November 9th. According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey, volume increased 12.6% on a seasonally adjusted basis.
The Refinance Index rose 13% and the seasonally adjusted Purchase Index rose 11%. The share of total mortgage application volume for refinancing rose to 81%..
Read More.....
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