Housing experts predict home sales will rise between 7 and 10 percent in 2011 from last year, thanks to an improving job market, sustained economic growth and greater housing affordability. Low interest rates also are helping many transition from renting … Continue reading
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Owning a home is more affordable than renting in 39 of the nation’s 50 most-populated cities, based on the latest quarterly rent vs. buy index from Trulia. Falling home prices and rising rents make buying cheaper in 78 percent of … Continue reading
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New-home sales climbed in March after three straight months of declines, reports the Commerce Department. Sales increased 11 percent from February to an annual rate of 300,000 units, but the pace is still far short of the 700,000 units a … Continue reading
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Existing-home sales rose 3.7% between February and March, but still remain below year-ago levels as consumers struggle to obtain mortgage financing, the National Association of Realtors said Wednesday. However, the homebuyers joining the market are enjoying record-low mortgage rates. NAR’s … Continue reading
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The National Association of Realtors reports a 9.6 percent drop in home resales in February and a decline in the median price to a nine-year low of $156,100 – which it attributes in part to poor weather, a jump in … Continue reading
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The National Association of Realtors reports a drop in the resale home price to a median of $158,800 in January — the third decrease in three years and a nine-year low. Falling prices helped boost sales 22 percent from October; … Continue reading
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Data from Moody’s Analytics shows that U.S. home affordability returned to pre-bubble levels in a growing number of markets over the last year as price depreciation set the stage for a housing rebound. Of the 74 markets tracked, affordability at … Continue reading
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While signs of economic growth could mean good news for U.S. home builders, they are cautious in their optimism–especially since project financing remains elusive for many. Federal Reserve Gov. Elizabeth Duke notes that sustained recovery in jobs and income, a … Continue reading
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The Albuquerque housing market reached a new low in October, and there are foreboding signs that it will continue falling through next spring. Closed sales of existing homes declined 37.6 percent compared to Oct. 2009, according to the latest report … Continue reading
Posted in Albuquerque, Community, Home Buying, Home prices, Home sales, Homebuying | 1 Comment
Mortgage activity picked up this week as interest rates were lower. But jumbo mortgage prices worsened relative to conforming rates. The conforming 30-year fixed-rate mortgage declined to 4.181 percent from 4.230 percent in the Mortech-Mortgage Daily Mortgage Market Index report … Continue reading
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