According to the U.S. Census Bureau, the number of new homes sold slipped 0.3 percent in August 2012 to a seasonally-adjusted, annualized 373,000 units sold.
Home Price Index Shows Values Rising 3.7% From One Year Ago
Home values have not dropped month-to-month since January of this year — a span of 6 months.
Existing Home Sales Leap To 2-Year High
According to the National Association of REALTORS®, 4.82 million “existing homes” sold on a seasonally-adjusted, annualized basis in August, representing a near 8 percent improvement from the month prior and a nine percent jump from August 2011.
What’s Ahead For Mortgage Rates This Week : September 24, 2012
Mortgage markets improved for the second consecutive week last week as demand for U.S. mortgage-backed bonds remained high.
30-Year Fixed Rate Mortgage Drops To 3.49% — An All-Time Low
For the first time in 9 weeks, mortgage rates have made new lows.
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