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Category Archives: Market Updates
According to the Mortgage Bankers Association weekly survey, mortgage applications for home purchases are the highest they have been since the middle of the housing rebates in May 2010. The Mortgage Bankers Association works on a seasonally adjusted calendar and show an increase of 14.4% last week. Michael Fratanoni, the association’s president of research and […]
Numbers dropped in residential home sales statistics for the month of October for Bryan College Station. What the graphs won’t tell you is that these numbers are influenced by the push in the tax credit from last year. In October 2009, the federal homebuyer tax credit was extended and gave more potential buyers the green […]
[youtube=http://www.youtube.com/v/X5QaG60QgUU?fs=1&hl=en_US&color1=0x3a3a3a&color2=0x999999] Taking a look at the real estate market in the United States for October 2010 is a great way to see how the market has changed compared to previous months. The pending home sales index rose 5.2% nationally based on contracts signed. This video discusses the effect that this will have on national home […]
What do historically low interest rates mean to you? It could be the difference in $1,776 a month for a $182,000 home.
Lazo explained that the sale price for foreclosure properties had increased 1.6% from the first quarter and 6.1% from 2009. Although the nation as a whole has a large inventory of foreclosure properties, and according to RealtyTrac’s Rick Sharga there are enough foreclosure and REO homes to last until the end of 2013.
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Home sales in Bryan/College Station were down significantly in the month of July, see what happened in August.