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Monthly Archives: June 2012

US home sales strongest in 2 years

Tue Jun 26, 2012 on Blog

US home sales strongest in two years (via AFP) Sales of new homes in the United States surged in May to the highest level in over two years, official statistics showed Monday, in positive news for the struggling market. Sales of single-family homes hit an annualized rate of 369,000, according to seasonally adjusted estimates from the US Census…    

Americans See Biggest Home Equity Jump in 60 Years

Mon Jun 18, 2012 on Blog

Americans See Biggest Home Equity Jump in 60 Years (via http://mortgagespectator.com) Home equity in the first quarter rose to the highest level since 2008 as homeowners taking advantage of record-low borrowing costs to refinance their loans brought cash to the table to pay down principal. The gain in percentage terms was the biggest jump in more than 60 years, according […]

US pending home sales plunge in April

Fri Jun 1, 2012 on Blog

US pending home sales plunge in April (via AFP) US pending home sales plunged in April but an overall upward trend remained firmly in place amid a slowly recovering housing market, an industry group said Wednesday. The National Association of Realtors said its index of pending home sales, or contracts signed but not closed, dived 5.5 percent to… home sales, […]

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