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Housing Expectations Rising
The spring home-selling season could be the strongest in years and may foreshadow which markets will lead a battered housing industry in an anemic recovery, economists say. The spring season typically runs March through June but may have started early … Continue reading
USA Today: Mortgage Rates Dip
The average U.S. rate on the 30-year fixed mortgage fell back below 4% this week, staying near historic lows. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan dropped to 3.99% from 4.08% last week. Last month, the … Continue reading
WSJ: Home resales climb higher
WASHINGTON—Sales of previously owned homes in the U.S. rose last month to the highest level in nearly two years, and the inventory of unsold homes contracted to a level considered healthy by economists, positive signs for the housing market. Existing-home … Continue reading
Mortgage Rates Inch Up
For the first time in three weeks, fixed mortgages rate moved up from their all-time lows, Freddie Mac reports in its weekly mortgage market survey. One of the factors leading to higher fixed mortgage rates this week was signs of … Continue reading
Posted in INTEGRA Real Estate of Michiana, John Tiffany, Real Estate News, www.johntiffany.com
Tagged mortgage rate news
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December new home sales fall – 30 year mortgages rise
Sales of new single-family homes fell 2.2% in December, ending the worst year on record for the real estate industry dating back to 1963. And 30-year fixed mortgage rates jumped to 3.98% from a record-low 3.88% for the week ending … Continue reading
Foreclosures pushing home prices lower
Foreclosure-related properties, which made up roughly one in five home sales in the third quarter of last year, sold for an average 34 percent less than homes that were not “distressed sales,” according to the latest data from RealtyTrac, a … Continue reading
New Location
INTEGRA Real Estate of Michiana has moved to a new office. Our new office address is: 1104 Mishawaka Avenue | South Bend, IN 46615 View Larger Map Get Directions View Bird’s Eye
Posted in INTEGRA Real Estate of Michiana, John Tiffany
Tagged 1104 Mishawaka Avenue South Bend IN
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USA Today: Housing outlook is more upbeat
Home sales and home building are forecast to rise this year after sliding steeply the past five years in housing’s worst downturn since the Great Depression. Recovery is expected to be slow, and home prices are widely expected to fall this … Continue reading
CNN Money: Foreclosures fall to lowest level since 2007
Foreclosure filings and repossessions fell to their lowest level since 2007 last year. Total filings, including default notices and bank repossessions were down 33% for the year to 2.7 million, according to RealtyTrac, the online marketer of foreclosed properties. One … Continue reading
Distressed Commercial Properties Level Off
Are better days ahead for commercial real estate? A new report by Real Capital Analytics shows the number of distressed commercial properties is plateauing and expected to continue to do so in the new year. Distressed properties — which include … Continue reading