The Pending Home Sales Index resumed its climb in January, posting a 2 percent gain over the month prior.
All posts for the month February, 2012
Pending Home Sales Rise To 22-Month High
Posted by Phil Denfeld on February 29, 2012
http://phildenfeldmortgage.com/2012/02/pending-home-sales-january-2012.html
New Home Supply Falls To 5.6 Months
321,000 new homes were sold last month on a seasonally-adjusted, annualized basis. 7 of 10 new homes sold for less than $300,000.
Posted by Phil Denfeld on February 28, 2012
http://phildenfeldmortgage.com/2012/02/new-home-sales-january-2012.html
What’s Ahead For Mortgage Rates This Week : February 27, 2012
Mortgage markets improved in a holiday-shortened week last week, drawing mortgage rates lower nationwide.
Posted by Phil Denfeld on February 27, 2012
http://phildenfeldmortgage.com/2012/02/mortgage-rates-week-ahead-february-27-2012.html
Federal Reserve Wary Of European Spillover
The Federal Reserve has released the minutes from its 2-day meeting January 24-25, 2012.
Posted by Phil Denfeld on February 24, 2012
http://phildenfeldmortgage.com/2012/02/fomc-january-2012-minutes.html
Existing Home Sales Climb To A 20-Month Record
January’s home resales moved to a 20-month high — additional evidence that the nation’s housing recovery is underway.
Posted by Phil Denfeld on February 23, 2012
http://phildenfeldmortgage.com/2012/02/existing-home-sales-january-2012.html
Foreclosure Filings Down 19 Percent In One Year
Foreclosure filings fell 19 percent last month versus one year ago, says foreclosure-tracking firm RealtyTrac. It’s yet one more signal that the U.S. housing market may have already climbed off its bottom.
Posted by Phil Denfeld on February 22, 2012
http://phildenfeldmortgage.com/2012/02/foreclosures-fall-19-percent-january-2012.html
What’s Ahead For Mortgage Rates This Week : February 21, 2012
Mortgage markets worsened last week as the Eurozone moved closer to a bailout agreement with Greece, and the U.S. economy displayed more signs of growth. Mortgage rates climbed.
Posted by Phil Denfeld on February 21, 2012
http://phildenfeldmortgage.com/2012/02/mortgage-rates-february-21-2012.html
Housing Starts Stay Strong; Building Permits Rise.
The 2012 housing market started like 2011 ended — strong.
Posted by Phil Denfeld on February 17, 2012
http://phildenfeldmortgage.com/2012/02/housing-starts-january-2012.html
Homebuilder Confidence Returns To Pre-Recession Levels
For the sixth straight month, the National Association of Homebuilders reports that homebuilder confidence is on the rise. The Housing Market Index climbed four points to 29 in February, the index’s highest reading since May 2007.
Posted by Phil Denfeld on February 16, 2012
http://phildenfeldmortgage.com/2012/02/homebuilder-confidence-february-2012.html
With Retail Sales And Consumer Confidence Rising, Home Prices Are Expected To Follow
If you have plans to buy a home in 2012, the best time to buy may be now. Today’s mortgage rates are low and so are the home prices — a combination that’s unlikely to last.
Posted by Phil Denfeld on February 15, 2012
http://phildenfeldmortgage.com/2012/02/retail-sales-january-2012.html
