The recent National Foreclosure Report from CoreLogic announced that the foreclosure inventory — that is, the number of homes in foreclosure — fell by 2.9%, dropping from 1.4 million homes in some stage of foreclosure during the month of April to 1.0 million homes in May. This inventory represented 2.6% of all mortgaged homes in […]
May was a very steady month in regards to the increase in home prices but CoreLogic sees that trend continuing for June. Prices this spring have risen higher and faster than in any period since 2006. The firm said its Home Price Index (HPI) rose 12.2% in May, compared to May 2012, making it the […]
Due to increased buyer demand, fewer homes are staying longer on the market. Multiple Listing Services showed that homes last month sold faster than in any other February since 2007. In February 2013, homes were available for sale for a median of 98 days, down from 123 days in February 2012. Most of these fast-moving […]
According to MarketWatch this morning, mortgage rates fell to their lowest levels of the year. For the week ending May 13, thirty-year fixed-rate mortgage rates fell below 5% for the first time in 2010, at a rate of 4.93%. Fifteen-year mortgage rates went from 4.36% last week to 4.30% this week. This marks the fifth […]