New Home Construction Has Best Month Since 2007

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The housing market’s recovery over the past few years has been up and down. Some measures of the market’s health have rebounded faster than others. Home prices, for example, have largely recovered the losses suffered following the financial crisis. Housing starts, on the other hand, have lagged behind. Starts are a gauge of how many new homes began construction during …

Builders Optimistic About New Home Market

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Because builders have an unique perspective on the market for new homes, the National Association of Home Builders tracks their outlook on current buyer traffic, sales conditions, and future sales expectations as part of their monthly Housing Market Index. The index measures builder confidence on a scale where any number above 50 indicates more builders view conditions as good than …

Applications To Buy New Homes Up In April

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New data from the Mortgage Bankers Association shows the number of mortgage applications for new home purchases increased 0.3 percent in April from the month before. Though relatively flat month-over-month, Mike Fratantoni, MBA’s chief economist, says the spring season got off to an earlier than usual start this year. “Applications were essentially flat in April, but March and April builder …

Orlando Market Pulse – April 2015

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Highlights from the Orlando Regional Realtor Association’s most recent Market Pulse. Median Price *The median price of all existing homes combined sold in April 2015 — $175,000 — is a 7.69 percent increase from the $162,500 median price recorded in April 2014, and a 1.17 percent decrease compared to March 2015. *The median price for “normal” existing homes sold in …

Town Center next phase of Disney Springs

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From The Orlando Sentinel Internationally known retailers and a 1900s look will be features of Town Center, the next phase of Downtown Disney’s transformation into Disney Springs, company officials say. Town Center, one of the new districts created within the shopping and entertainment complex, is under construction in space previously used for guest parking. It will have larger stores than …

Foreclosure Inventory, Completions Continue Decline Toward Pre-Crisis Levels

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From DSNews Completed foreclosures experienced another substantial year-over-year decline in March, moving even further away from their peak from nearly five years ago, according to CoreLogic’s March 2015 National Foreclosure Report released on Tuesday. Foreclosure inventory also fell substantially year-over-year in March, declining by 25.7 percent down to about 542,000 mortgages (about 1.4 percent of all mortgages nationwide) – marking the 41st consecutive …

Gov’t Housing Report Finds Encouraging Signs

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Each month, the U.S. Department of Housing and Urban Development and the U.S. Treasury release a report collecting key housing market data and the results of the federal government’s foreclosure prevention efforts. The Housing Scorecard is a measure of how far the residential real estate market has rebounded since the housing crash and financial crisis. According to the most recent …

Mortgage Credit Availability Increases

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According to the Mortgage Bankers Association, mortgage credit availability is on the rise, making it easier for prospective home buyers to qualify for a loan to buy a home. The Mortgage Credit Availability Index measures whether lending standards are loosening or tightening. When lending standards are tighter, it means otherwise qualified buyers may not be able to obtain a loan …

Housing Market Recovery Spreads To More Metros

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The housing market’s recovery has been gradual and, at times, volatile. But, according to the National Association of Home Builders Leading Markets Index, the number of local markets that are at or above 90 percent of their previous normal level has hit 157, which is nearly half of the 360 metro areas included in the index. The index – which …

10 Home Staging Tips

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