As reported by the National Association of REALTORS®, the number of Existing Home Sales dipped last month, ending the metric’s 5-month winning streak. Newspaper headlines today are overwhelmingly negative on housing. You’d almost believe this year’s housing recovery had ended. That’s hardly...

ACTIVE (for sale) listings are down, SOLDS are up - that spells a correction in inventory level and a fairer supply vs. demand market. Most telling is this chart that shows our extreme buyers market in 2007 with 13 months of inventory on hand: AKA lots of homes to choose from. According to this chart...

The days of rock-bottom housing prices may be reaching an end. According to the National Association of REALTORS, the number of Existing Home Sales fell by a modest 140,000 units last month. It’s the fifth straight month in which home sales straddled the 4.5 million mark. The national housing inventory...

Mortgage Rates increased April 17, for a second day as MBS posted another day of losses.  Week over week rates are posted a 10bp improvement.  Although there was 3bp improvement lenders sill took advantage of the decline in MBS and increased Mortgage Rates. Feel Free to contact Your Mortgage Planner...

(Image courtesy: The Wall Street Journal Online) Home prices are largely based on Supply and Demand. * If demand outweighs supply, home prices rise * If supply outweighs demand, home prices fall It’s good news for home sellers, therefore, that “used” homes for sale fell 6 percent nationally...