The Pending Home Sales Index resumed its climb in January, posting a 2 percent gain over the month prior.
321,000 new homes were sold last month on a seasonally-adjusted, annualized basis. 7 of 10 new homes sold for less than $300,000.
Warren Buffett on CNBC: I’d Buy Up ‘Millions’ of Single-Family Homes If I Could cnbc.com | February 27, 2012 | 06:17 AM EST Warren Buffett says along with equities, single-family homes are a very attractive investment right now. Appearing live on CNBC’s Squawk Box, Buffett tells Becky Quick he’d buy up “millions” of single family…
Mortgage markets improved in a holiday-shortened week last week, drawing mortgage rates lower nationwide.
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January’s home resales moved to a 20-month high — additional evidence that the nation’s housing recovery is underway.
Foreclosure filings fell 19 percent last month versus one year ago, says foreclosure-tracking firm RealtyTrac. It’s yet one more signal that the U.S. housing market may have already climbed off its bottom.
Mortgage markets worsened last week as the Eurozone moved closer to a bailout agreement with Greece, and the U.S. economy displayed more signs of growth. Mortgage rates climbed.
The 2012 housing market started like 2011 ended — strong.
For the sixth straight month, the National Association of Homebuilders reports that homebuilder confidence is on the rise. The Housing Market Index climbed four points to 29 in February, the index’s highest reading since May 2007.