Housing News
Home sales stabilizing; weak recovery seen
WASHINGTON – June 24, 2009 – Nationwide home sales may have finally hit bottom, new data shows, but a host of thorny problems are hindering any recovery.
Sales of previously occupied homes rose by 2.4 percent from April to May - the third monthly increase this year - but the results missed analysts’ expectations.
Home sellers are [...]
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Financial News
Mortgage rates tick up, remain above lows
By Gregory Arzumanov M.B.
June 26, 2009 – Rates for 30-year home loans edged up this week, remaining above record lows reached over the spring.
The average rate for a 30-year fixed mortgage was 5.42 percent, up from 5.38 percent a week earlier, mortgage company Freddie Mac said Thursday.
“Mixed economic reports on the state of the housing [...]
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International Realty
Canadian home construction beats expectations, while prices rise
Canada’s housing market showed some resiliency through September and October, as national new home prices unexpectedly rose two months ago while the rate of construction on new homes was higher-than-expected in October, a pair of reports said Monday.
Statistics Canada reported that new-home prices rose in September even as the year-over-year increase fell to its slowest [...]
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