Mortgage rates fell this week for the first time in seven weeks,
Freddie Mac reported Thursday, with the a 30-year fixed averaging just under 4 percent.
More U.S. home builders viewed business conditions favorably than unfavorably
for the first time in more than seven years in June, a trade group said.
Though the national average rate for a
30-year loan dropped to a low of 3.31, it's rebounded to nearly 4
percent. That's made refinancing existing loans less attractive.
Property taxes are still a major concern for New Jersey voters, with 79
percent reporting an increase in their tax bills.
The San Antonio housing market continued its spring surge last month,
with home sales hitting a five-year high.
Gov. Rick Scott of Florida signed a bill Tuesday that will
distribute $200 million in mortgage relief, saying the new law would hold
banks accountable and shield homeowners from foreclosure abuses.
Led by big gains in Western states, a dramatic rise in national home prices in April over the year prior underscored how low supply and strong demand have become powerful boosts for
the nation's housing market.
Zooming home prices have people wondering if California
real estate is heading for another bubble and another
The Federal Housing Finance Agency said its home price index was up 1.9 percent in the first quarter, and home prices rose 6.7 percent on a 12-month basis, down from the 7.1 percent annual inflation rate from the end of February.
Las Vegas' underwater mortgage remains the worst in the country, but it keeps showing signs of improvement.
A buying frenzy in Florida is reminiscent of the boom days of 2005 and 2006 -- except
today's buyers are using cash and heavy equity, not "liar loans" boasting
inflated income or assets.
Sales of existing homes were down in March due to constraints on inventory, according to the National Association of Realtors.
The National Association of Home Builders said its index for builder confidence added three points to reach 44 over
a downwardly revised 41 point reading for April.
Southern California home prices popped to their highest level in 58
months during April and sales hit their highest level for that month in seven
Home prices across greater Miami rose 8.6 percent in March 2013
from a year earlier, according to data firm CoreLogic.