Wednesday, November 24, 2004

Strong resale housing market continues!

The NATIONAL ASSOCIATION OF REALTORS® reports that "Total state existing-home sales activity in the third quarter was at the second-highest pace on record, with 36 states posting increases from a year ago."

This nationwide survey indicates that the top three markets are (in order) Arizona, West Virginia and North Carolina. First-time buyers are still a strong force in the market.

To read the online press release, please go here.


J.D. Power rates Home Mortgage Providers

An interesting study is online from J.D. Power titled "J.D. Power and Associates 2005 Home Mortgage Study". This Study "is based on responses from more than 11,000 home mortgage customers" and ranks companies based from the viewpoint of the consumer. If you are considering a home loan, you might want to look at the survey first!

To see the ratings, go here.


National Association of Home Builders (NAHB) says housing starts rebound in October

The National Association of Home Builders reports that the month of October saw the housing market play a little game of "catch up" after September's wet weather. The government reports that housing "...starts rose 6.4 percent to a seasonally adjusted annual rate of 2.03 million units in October, more than offsetting the weather-related dip recorded in the previous month."

Regionally, the NAHB reports that "... starts posted the biggest gain, of 20 percent, in the Northeast, followed by an 8.6 percent boost in the Midwest, a 5.0 percent lift in the West and a 4.0 percent improvement in the South."

To read the press release, please go here.

We now continue our blogging after taking a short break. Check back for our every-other-day updates and thank you all for your kind comments in our absense!

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