Rising mortgage rates spur first-time homebuyer activity in November

by CHRISTINE RICCIARDI Monday, December 20th, 2010, 12:13 pm Rising interest rates spurred first-time homebuyer activity in November, according to the Campbell/Inside Mortgage Finance monthly survey released Monday. The survey gets input from more than 3,000 real estate agents nationwide on the state of homebuyer activity. The share of first-time homebuyer purchases jumped to 37.2% from [...]

Filed under: Uncategorized on December 21st, 2010 | Comments Off

Signed Contracts to Buy Homes up 10.4% In October

The number of people who signed contracts to buy homes jumped in October, marking the third gain since contract signings hit a decade low.

The National Association of Realtors said Thursday its index of sales agreements for previously occupied homes rose 10.4 percent in October. Contract signings were up in every region of the country except the West.

Filed under: Housing Market Trends, Market Update, National Real Estate News on December 2nd, 2010 | Comments Off