Although sales of new homes fell this month, it's not indicative of the current housing market. The market will need to see more data to see what trend housing is taking.
The month of January saw an increase in the number of people buying homes. Could this be due to the unseasonably warm weather we experienced drawing people into the market or is this an indication of an ailing housing market bouncing back?
Housing and mortgage activity may have slowed, but the outlook for the year appears to be strong. Long-term rates are still favorably low and short-term rates have stopped rising for now. Economic factors continue to drive housing to an improved picture.
Sales of existing homes rose in November, giving proof that the housing market has stabilized. How will it fare in 2007 and what is driving such strong home purchase activity?
New home sales were stronger in November than they were in October due to low long-term rates. What will the New Year hold for housing sales?
Even though home sales dipped last month, it's still a good time for first-time home buyers to purchase a home. Long-term rates are very low and the market is favoring the buyer.
New home sales are seeing stronger numbers due to the drop in long-term interest rates. How will the Fed's decision to keep short-term rates at current levels affect the housing market?
Due to drops in long-term fixed rates, the housing market is seeing some stabilization after softening in the last year. Short-term rates have also remained level. Home buyers are taking advantage of these low rates. What will the housing market be like next year?
Low long-term interest rates should fuel the housing market in upcoming months, as August's new home sales numbers come in higher than July's.
Sales of existing homes were down for the month of August from the month before. But current interest rates and housing market still favor the buyer.