Category Archives: Home prices
← Older postsHome Sales May Grow Thanks to Affordable Housing
May 20, 2011Housing 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
Cheaper to Buy Than Rent in 78 Percent of Major Cities
April 28, 2011Owning 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
New-Home Sales Up, But Pace Is Still Lagging
April 26, 2011New-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
Existing-home sales up 3.7% in March
April 20, 2011Existing-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
Discounts Expected in Spring Housing Market
March 22, 2011The 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
U.S. Home Sales Accelerate as Prices Decline Amid Rebound
March 8, 2011The 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
Home Affordability Returns to Pre-Bubble Levels
February 9, 2011Data 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
Home Builders Are Cautiously Optimistic
January 11, 2011While 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
Albuquerque's housing market still unsettled
November 19, 2010The 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
Business Better as Rates Retreat
November 12, 2010Mortgage 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
-
Archives
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- November 2009
- September 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
-
Meta
-
Greg Frost's Corner
I recently attended the annual Mortgage Bankers Association lobbying day in D.C. with 5 of my industry colleagues from New Mexico. It was a very insightful experience.
It is apparent to me that there is a prevailing feeling in both the House and Senate, along with the Executive Branch, that our government should reduce [...]
Copyright © 2011 Frost Mortgage Lending Group
2501 Wyoming Blvd. NE, Suite A, Albuquerque, NM 87112