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Home | Tag Archives: Market Studies

Tag Archives: Market Studies

Existing Home Sales Reach Highest Peak in 8 Months

Existing Home Sales Reach Highest Peak in 8 Months

Existing-home sales in June touched their highest level so far this year as the supply of available homes for sale continued to improve. The National Association of Realtors (NAR) reported a 2.6 percent month-over-month rise in existing-home sales last month to a seasonally adjusted annual rate of 5.04 million. May sales were revised slightly upward to a rate of 4.91 million.

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Texas Job Growth Slows

Texas Job Growth Slows

The old adage “everything’s bigger in Texas” really does ring true sometimes. The nation’s second most populous state leads the nation in job growth and is consistently ranked as the one of the best climates for business in the United States.

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Minnesota Economy Strong, Housing Lags Behind

Minnesota Economy Strong, Housing Lags Behind

Minnesota is generally a very consistent performer in the economy when compared to the United States Economy as a whole. The peaks are never too high and the valleys are never too low. On Friday Wells Fargo released its July 2014 economic outlook reinforcing that the state economy is greatly improved but housing still lags behind.

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New Home Purchases Drop in June

New Home Purchases Drop in June

Applications for new home purchases slipped again in June, though the annualized rate of new home sales is forecast to have increased. The Mortgage Bankers Association's (MBA) Builder Applications Survey (BAS), a gauge of application volume from mortgage subsidiaries of homebuilders, suggests new home purchase applications slipped 5 percent from May to June, the group reported Thursday. The change does not include any adjustments for typical seasonal movements.

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Foreclosures Down Again in May

Foreclosures Down Again in May

Corelogic reported on Tuesday that 47,000 foreclosures had been completed in May, a year-over-year decrease of 9.4 percent from May of 2013. As of May, about 660,000 homes, 1.7 percent of all homes with a mortgage, in the United States were in some stage in the foreclosure process. While still large number, it represents a 37 percent decrease from May of 2013 when the foreclosure inventory topped one million homes.

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