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Posted July 9, 2012 by Rogers Healy
Home sales up 20% from last year
During the last 30-day sales period ending July 5, approximately 211,000 homes were sold in 98 of the top 100 metropolitan areas, according to research firm DataQuick.
Sales overall rose 12% from the same period a year earlier and 10.6% from 2009 levels.
Home prices also went up with the median price hitting $193,000 on July 5, up 6% from a year ago and 4.3% from three years ago.
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Posted May 14, 2012 by Rogers Healy
Home Prices Rise in Half of U.S.
Prices for single-family homes climbed in half of U.S. cities in the first quarter as real estate markets stabilized.
The median sales price increased from a year ago in 74 of 146 metropolitan areas measured, the National Association of Realtors said in a report today. In the fourth quarter, only 29 areas had gains.
There are broad shortages of homes in much of the country. This is good news for sellers who wish to list now, or for those waiting for prices to improve.
If you're thinking about listing your home, now is a great time!
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Posted May 7, 2012 by Rogers Healy
Don't expect homes to get much cheaper
Buying a home may never get any cheaper than now. Several housing experts are predicting that this year will be the last chance for bargain hunters to cash in on the best deals of the weak housing market.
Homes have never been more affordable with prices down 34% nationally since 2006 and mortgage rates at historic lows, but it won't stay this way for much longer.
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Posted May 4, 2012 by Rogers Healy
Mortgage Rates at New Record Lows
Mortgage rates are continuing to hit record lows according to Freddie Mac and Bankrate.com.
Rates on the 30-year fixed-rate mortgage averaged 3.84% this week, down from 4.71% a year ago, according to the most recent Freddie Mac survey of conforming rates. Mortgage rates also hit lows in Bankrate.com's weekly survey.
Now is a great time to buy a home!
If you are in the market or on the fence about buying a new home, contact Rogers Healy.
214.207.9580
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Posted April 25, 2012 by Rogers Healy
Numbers point to a solid winter rebound in the housing market
Government figures for the previous two months were revised and the numbers are much higher than previously figured. This points to a solid winter rebound in the housing market.
Helped by low prices, record low mortgage rates and an increase in hiring that has lowered the unemployment rate, the battered housing market has been showing signs of recovery so far this year.
It is now cheaper to buy a home than rent in much of the country.
If you are in the market to buy, rent or sell, contact Rogers Healy.
214.207.9580
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Posted March 13, 2012 by Rogers Healy
Mortgage rates continue to hold near record lows
U.S. Mortgage rates decline this week according to Freddie Mac's weekly survey of mortgage rates. Last week the 30-year fixed-rate mortgage averaged 3.88%, compared with 3.9% the previous week and 4.88% a year ago. Rates on 15-year fixed-rate mortgages averaged 3.13%, compared with 3.17% a week earlier and 4.15% a year ago.
Posted March 1, 2012 by
New Home Sales Exceed Expectations.
New home sales exceeded forecasts in the latest government readings Friday, another sign of a long-awaited recovery in the battered housing market.
The Census Bureau reported that the pace of new home sales hit a seasonally-adjusted annual rate of 321,000 in January, up from the previous reading for December and better than economists' forecasts. Census also revised the December figure higher to a rate of 324,000, meaning that the pace of sales was about 6% stronger that month than the original estimate.
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