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    New Home Construction Rises In March

    New estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show new residential construction increased in March. Privately owned housing starts rose 2.8 percent overall and construction of new single-family homes was up 6 percent from the month before. After a rocky winter, the improvement is a welcome sign […]

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    Loan Demand Rises As Mortgage Rates Fall

    According to the Mortgage Bankers Association’s Weekly Applications Survey, demand for loan applications was up 4.3 percent last week from the week before. The improvement was due to a 7 percent surge in refinance activity, which has been down in recent weeks. The Purchase Index was up 1 percent from the previous week. The spike […]

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    Home Builders Expect Spring Sales Bump

    Builders have an unique perspective on the housing market, demand, and where home sales are headed. And, according to the National Association of Home Builders Housing Market Index, builders’ confidence in the market for newly built, single-family homes is rising. In fact, the most recent reading shows the index up one point to 47 in […]

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    The Benefits Of A Bigger Down Payment

    Data from the National Association of Realtors’ Confidence Index Survey finds fewer first-time home buyers obtaining mortgages with a down payment of 6 percent or less. In fact, the number of first-time buyers who put down 6 percent or less had dropped to 61 percent by February, down from 74 percent in 2009. Though there […]

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    Home Loan Application Demand Rises Again

    As the spring home buying season gets under way, demand for loans to purchase homes has been increasing. In fact, according to the Mortgage Bankers Association’s Weekly Applications Survey, purchase application volume was up 3 percent last week from the week before. It was the third consecutive week the Purchase Index – which is an […]

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    City Vs. Suburb: Where Prices Are Rising Fastest

    Despite more homes being put up for sale in anticipation of the spring home buying season, asking prices are up from last year in 97 of 100 metropolitan areas tracked by Trulia’s Price Monitor. Typically, more homes on the market keeps prices from increasing but, because this spring is expected to be a good one […]

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    Michael Rosenbaum Realtor® Bio

    I started my working career early on in the Banking Industry as an Export – Import Manager. I’m guessing that today, this would be known as an eCommerce Manager. It was the days that you were considered to be technically advanced if you had a 2400 bps modem (that was bigger than a shoebox) hooked […]

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    Local Markets Return To Normal Nationwide

    The National Association of Home Builders Leading Markets Index measures the number of metropolitan housing markets nationwide that have returned to or exceeded their last normal levels of economic and housing activity based on current permit, price, and employment data. According to the most recent release, the overall housing market is now running at 88 […]

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    2 Thirds Of Americans Say Now Is The Time To Buy

    Though the housing market’s momentum slowed over the winter, Americans’ attitudes about buying and selling homes continues to move in a positive direction. In fact, according to Fannie Mae’s March 2014 National Housing Survey, 69 percent of Americans say now is a good time to buy a house and the number who say it’s a […]

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    Spring Selling Season Off To Promising Start

    In 2013, home prices rose significantly but the number of homes on the market did not. This year, most industry analysts believe that home prices will continue to rise, but at a slower pace. The expected slowdown is due to the fact that as home prices increase, homeowners who have been reluctant to sell, will […]

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