Home Prices Rise in January: FHFA
That’s right, home prices rose in January, it’s not a typo.
U.S. home prices climbed 1.7 percent on a seasonally adjusted basis from December to January, according to the Federal Housing Finance Agency’s monthly House Price Index.
However, for the 12 months ending in January, home prices fell 6.3 percent, and the home price index is 9.6 percent below its April 2007 peak.
Before you get Read more
New Home Sales Fall Due to Low Mortgage Interest Rates and Low Prices of Existing Homes
The U.S. Census Bureau and the Department of Housing and Urban Development today announced that sales of new, single-family homes fell in the month of January, decreasing 10.2 percent from December’s numbers.
“Today’s new home sales report is reflective of what we saw yesterday on the existing home sales front. The silver lining is that homes are priced at affordable levels and long-term interest rates remain attractive,” Read more
Home Sales Increase due to Low Mortgage Interest Rates & Low Home Prices
The National Association of Realtors announced today that existing home sales in December increased 6.5 percent as compared to November 2008. However, while home sales were up, the inventory of unsold homes fell 11.7 percent to 3.68 million units, representing a 9.3 month supply.
Quicken Loans Chief Economist Bob Walters says that low mortgage rates and extremely low home prices are attracting buyers to the market.
“We Read more
Low Interest Rates, Low Housing Prices and Lower Down Payments. The Home Buying Stars Have Aligned.
Want to start off the New Year with some good news? (We thought so.) If your New Year’s resolution centers around buying a home, there are THREE big things going on that you should know about.
The home buying stars have aligned, and they’re telling you to take advantage.
#1 Mortgage interest rates have dropped to the lowest they’ve been in 50 years. With mortage interest rates at historic lows, the number of people Read more
Petrol prices ‘not falling as fast as oil’
Petrol prices are still not falling as fast as the price of oil, even though prices at the pump have recently fallen below £1 per litre, according to The Guardian.
The Guardian’s analysis shows that the average price of petrol is falling by around 1 pence per litre every five days, but would have to fall by a further 5.8p to match the fall in oil prices.
On Thursday, the average price of unleaded petrol reached 97.96 Read more