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Pending Home Sales Highest Since June 2013

by devteam April 29th, 2015

Momentum appears to be building toward a healthy spring market according to data released today on March pending home sales. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), reached 108.6 in March, a 1.1 percent

Refinance Activity Falls, Purchase Apps Lackluster

by devteam April 29th, 2015

A modest uptick in purchase mortgage applications during the week ended April 24 was insufficient to offset a sizable drop in refinancing. The Mortgage Bankers Association (MBA) said that its seasonally adjusted Market Composite Index, a measure of overall

Homeownership Declines again, Rents Continue to Escalate

by devteam April 29th, 2015

Homeownership rates continued to fall during the first quarter of 2015 while vacancy rates were stable in the short term. The Census Bureau said today that the homeownership rate was 63.7 percent during the quarter, 1.1 points below the rate one year

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