Posted by Leonard Steinberg on June 25th, 2014 While new-home sales soared in May, the reality is the gains simply put the market back on track to match 2013’s overall pace, rather than signaling a significant momentum gain. This points to the dangers of monitoring the market moment-by-moment. Real market trends can only be seen over… [Read More]
MORTGAGE APPLICATIONS RISE TO HIGHEST LEVEL IN 15 MONTHS
After yesterday’s expected news about sharply reduced activity in the re-sale of existing homes (the aftermath of the end to the buyers tax credit), it was announced that mortgage applications rose last week as record low rates lifted demand for home refinancing loans to its highest level in over 15 months, a development that could… [Read More]