Tag Archives: Chief Economist

Mortgage Mess Still Mires US Housing Recovery

Mortgage applications to purchase a home dropped more dramatically than did refinances, down 10 percent from the previous week. While one week does not a trend make, rising mortgage rates, coupled with severe inventory shortages, are not the mix needed … Continue reading

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Mortgage Mess Still Mires Housing Recovery

Mortgage applications to purchase a home dropped more dramatically than did refinances, down 10 percent from the previous week. While one week does not a trend make, rising mortgage rates, coupled with severe inventory shortages, are not the mix needed … Continue reading

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Why Home Builders Won’t Drop New Home Prices

Right now the divide between new and existing home prices is wider than ever. The average price of an existing home in December was $231,400, according to the National Association of Realtors, while the U.S. Commerce Department reported the average … Continue reading

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Bay Area luxury home sales boom in 2012

Led by an eye-popping $117.5 million paid for a Woodside mansion – the most expensive U.S. home ever – luxury properties in the Bay Area and California saw sales surge in 2012, according to real estate reports. Mansions that had … Continue reading

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After Eight Months, Home Builder Confidence Stalls

Current sales conditions remained unchanged, sales expectations over the next six months fell one point, and buyer traffic gained one point. Regionally, home builders were less confident in the Northeast and Midwest, but gained confidence in the South and particularly … Continue reading

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