NJ.Com Real Estate Driving Home Sales
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JERSEY CITY, N.J., June 27  /PRNewswire/ -- The New Jersey real estate market has a new driving force. This weekend when house hunters set out to look at homes for sale or rent, they'll be armed with a customized route map.
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Price drops and declining sales in the Massachusetts housing market moderated in October, two housing reports showed yesterday, suggesting that the monthslong slump in the real estate market may be nearing its end.
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Sales of new homes rose by 9.4 percent in August, the Commerce Department said Monday, as mortgage interest rates remained at low enough levels to continue enticing buyers worried about future rate hikes.
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Investor's Business Daily - The Mortgage Bankers Assoc.&#39;s application index rose 0.9% to 631.6 in the week ended July 13, as homeowners rushed to refinance their loans due to fears that interest rates will head higher. Homebuyer applications fell. The 4-week moving average of applications fell 0.5%, down for the 8th straight week.
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Investor's Business Daily - The National Assoc. of Realtors cut its &#39;07 outlook for the fourth consecutive month. Home resales will fall to 6.18 mil from last month&#39;s forecast of 6.29 mil and well below the initial 6.42 mil forecast. The median existing-home sales price will fall 1.3%, more than the previously forecast 1% slide. The median new-home price will fall 2.3% to $240,800, reversing the Jan. forecast for a 2% gain, NAR said.
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The pace of existing home sales rose modestly in October hitting a 6.24 million-unit annual rate, according to a report form the National Association of Realtors on Tuesday that marked an unexpected rise from economists' expectations.
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A Web venture gives borrowers a way to compare what they will probably pay for a mortgage in commissions, points, interest rates and fees.
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The pace of sales of pre-owned U.S homes fell slightly in July but the inventory of unsold properties soared to the highest level in over 15 years as troubles in the subprime mortgage market continued to wreak havoc on the housing sector.
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Defying forecasts of an imminent slowdown, sales of new homes shot up in April to the fastest sales pace this year. But prices were up only slightly, and the backlog of unsold homes hit a new record.
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By The Record, Hackensack, N.J.  Feb. 5--Finding a new home in the Highlands may get a bit harder.   Town houses and condominiums are going up and are for sale near major  highways.
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In real estate, it&#39;s location, location, location. With markets, it&#39;s timing, timing, timing. Asian central banks should consider this most basic of credos and sell some of their massive holdings in US Treasuries.
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The National Association of Realtors reports sales of previously owned US homes fell 2.9 percent in July. The Realtors said resales in July fell to 6.72 million single-family
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Sales of new U.S. homes again defied  predictions of a slowdown in May and rose 4.6 percent, but  median sales prices fell and the U.S. Northeast experienced its  slowest sales tempo in nearly two years, according to a  government report on Monday.
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The sale of new single-family homes across the country rose by 9.4 percent in August, ending a two-month dip, the US Commerce Department reported yesterday.
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A real-estate site that publishes estimated values for about 70 million U.S. homes began letting homeowners and real-estate agents post sale offers online Thursday.
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The pace of existing home sales in the United States was off slightly in May to a 5.99 million-unit annual rate, the National Association of Realtors said in a report on Monday that showed continued weakness in the housing sector.
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WASHINGTON &#151; Sales of new homes rose by 9.4 percent in August, the Commerce Department said yesterday, as mortgage interest rates remained at low enough levels to continue enticing buyers worried about future rate increases.