The annual rate at which contracts for a home purchase were drawn increased 6.9 percent from one year ago.
A Look At This Week’s Mortgage Rates : December 3, 2012
This week, there is little on the U.S. economic calendar, save for Friday’s Non-Farm Payrolls report. Wall Street is expecting to see 80,000 net new jobs created in November, and a rise in the national Unemployment Rate to 8.0%.
19 of 20 Case-Shiller Index Markets Improve In August
Home value rose to close out the summer, according to the S&P/Case-Shiller Index, an oft-cited home-valuation tracker.
What’s Ahead For Mortgage Rates This Week : October 1, 2012
For the third straight week, mortgage rates improved. This week’s jobs report threatens those gains, however.
Case-Shiller Index Shows Huge Home Price Gain
According to the Standard & Poor’s Case-Shiller Index, home prices rose 6.9% between the first and second quarter of 2012, the largest quarter-to-quarter gain since the home-value tracker’s 1987 inception.
Pending Home Sales Index Makes New High For 2012
In July, the third time this year, the Pending Home Sales Index crossed its benchmark value of 100, moving to 101.7.
Government : Home Prices Up 3.0% In Last 12 Months Nationwide
According to the Federal Home Finance Agency’s Home Price Index, home prices rose by a seasonally-adjusted 0.7 percent between May and June 2012. The index is now up 3.0% over the past 12 months, and made its biggest quarterly gain since 2005 last quarter.
Pending Home Sales Index Falls Just Short Of 100
The Pending Home Sales Index is on a 14-month winning streak.
Existing Home Supply Ticks Higher To 6.6 Months Nationwide
Home resales slipped more than 5 percent last month, putting a damper recent housing market enthusiasm.
Pending Home Sales Index Hits A 2-Year High
In May, for the second time in 3 months, the Pending Home Sales Index crossed the 100 barrier.