The report of new home sales was a bit contradictory compared to the existing home sales report. Sales of new homes were down a bit last month from January levels.
Improving Economy Causes Surge in Mortgage Activity
by Clayton Closson on March 14, 2007 in Market Update
Low long-term rates and an improving economic picture are driving more people into the home buying arena. Homeowners are still refinancing their adjustable rate mortgages into fixed-rate programs to avoid rising interest rates and payments.
Housing Starts Slip in January
by Clayton Closson on February 16, 2007 in Market Update
The number of new homes being constructed fell last month, however, the housing market continues to show signs of stabilization. What will the rest of the year hold for us?
Housing Market Stabilizes Mortgage Activity
by Clayton Closson on January 31, 2007 in Market Update
Following signs of a stabilizing housing market, mortgage application activity is also beginning to show signs of stabilization. How do long-term interest rates look and what can we expect in the near future?
While Housing Starts Fall, Long-term Interest Rates Drop Sharply
by Clayton Closson on November 17, 2006 in Market Update
The number of new homes being constructed fell for the month of October. However, the decline was expected, given the current housing market. But is this a signal to the end of the current refi boom?
Location, Location, Location!
by Clayton Closson on August 5, 2005 in Home Buying
You've always heard that location is an important part of choosing a home. But considering only the geographic placement of a home isn't enough. Find out what you need to take into account when searching for your perfect home.
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