Home sales dropped last month, but not because demand was lacking. There are fewer homes for sale than at any time in the last 11 years. According to the National Association of REALTORS®, Existing Home Sales for December 2012 fell to a seasonally-adjusted, annualized rate of 4.94 million homes from November’s tally of 4.99 million …
Pending Home Sales Index Cruises To Multi-Year High
Home buyers continue to push the U.S. housing market forward with first time home buyers contributing nearly 40% of all purchases here in the Springfield, Missouri market. In November, for the second straight month, the Pending Home Sales Index eclipsed its benchmark reading of 100, posting a value of 106.4. The Pending Home Sales Index …
5 Reasons Why Housing Will Be Stronger in 2013
The housing market is finally making a comeback. After a long crisis that got worse with the recession, the market looks to be growing to the point that it’s helping out the nation’s economy. For one, people are starting to venture out in search for homes again. Since the economy is picking up again, there …
Lowest Levels in Mortgage Debt Tallied Amidst Increase in Originations
Continuing an almost four-year trend, aggregate consumer debt levels have recently been reported to record their lowest since 2006. Mortgage debt, the largest component of aggregate consumer debt, decreased by 1.5% from the previous quarter, and the lowest tally since 2006. This drop comes amidst a cumulative increase in mortgage originations, where hundreds of …
Rent-to-own can be a Winnable Investment Strategy
Thinking of other creative strategies to build your wealth on real estate investments? You might want to go for the booming rent-to-own real estate! “A number of sellers, particularly developers, are turning to that [rent-to-own]” and “it’s definitely growing”, said the Urban Land Institute. Major factors behind the sudden boom in this real estate market …
