This is a well written article explaining why the news is bad and the market is good. Interestingly the market continues at a pace only slightly off it’s best ever while some analysts would have us believe market conditions are extremely bad. Economy in Focus BY ROBERT FREEDMAN Beneath Market Punditry, Underlying Strength With some 5 percent of subprime mortgage borrowers facing […]
Weekly Residential Activity Report for St. Louis Metro Real Estate
Newly listed properties and properties back on the market…..1,455* Expired listings, price adjustments, and removed listings…..3,331* Closed sales, under contract firm and contingent…..1,497* Current properties for sale…..30,764* *Numbers obtained through the Mid America Regional Information Systems MLS and represent activity for the past 7 days.
NAR: Mortgage Conditions Bode Well for Housing
Conditions in the mortgage market are improving for consumers, which should help to release some pent-up demand in early 2008, according to the latest forecast by the NATIONAL ASSOCIATION OF REALTORS®. Lawrence Yun, NAR vice president of research, notes that widening credit availability will help turn around home sales. “Conforming loans are abundantly available at […]
Mortgage Applications Rise Despite Higher Rates
Mortgage applications rose last week after falling for three weeks, according to the Mortgage Bankers Association weekly survey. The Market Composite Index, a measure of mortgage loan application volume, was 652.0, an increase of 2.4 percent on a seasonally adjusted basis from 636.7 the previous week. On an unadjusted basis, the index increased 2.4 percent […]
Weekly Residential Activity Report for St. Louis Metro Real Estate
Newly listed properties and properties back on the market…..1,904* Expired listings, price adjustments, and removed listings…..2,813* Closed sales, under contract firm and contingent…..1,371* Current properties for sale…..30,827* *Numbers obtained through the Mid America Regional Information Systems MLS and represent activity for the past 7 days.
