By Mike Colpitts Home sales fell in June for the second straight month on the heels of the federal home buyers’ tax credit expiration, signaling the housing market is still in a national downturn, according to the National Association of Realtors. The fall in sales gives further corroboration to a second dip in the housing… Continue reading Home Sales Fall 5% in June
Category: Sales
Mortgage Applications Rise
Applications for home mortgages and refinances are soaring higher, showing an increase in activity in home sales and refinancing as a result of near record low loan rates, according to the Mortgage Bankers Association. Low rates coupled with lower home prices are producing the rise in applications. The volume of home re-sales, however, scheduled to… Continue reading Mortgage Applications Rise