“Orange County’s 2011 homebuying season — the traditionally busy March-August period — saw transactions drop to their third-lowest level since DataQuick Information Systems began tracking housing here in 1988.”
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“For the 22 business days ending Sept. 8 – DataQuick’s freshest stats — South Coast homebuying patterns showed:”
“The hidden market of distressed homes – the so-called “shadow inventory” – is shrinking, but likely will be a drag on the housing market “for an extended period of time,” Santa Ana-based data giant CoreLogic reported this week.”
“Federal Reserve Chairman Ben Bernanke delivered a speech Wednesday afternoon on emerging market economies, but it was his remarks about the state of the still-ailing U.S. economy in a Q&A after the speech that garnered the most attention.”
“Pending home sales fell again in August as historically low interest rates and affordability do little to spur demand, according to the National Association of Realtors.”
“Mortgage applications increased 9.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 23, 2011.”
“U.S. home prices appear to have stabilized over the summer but are likely to renew their decline without an improving job market.”
‚ÄúBlink and you may have missed it — the average rate on a 30-year fixed mortgage rate has crept higher since plunging to a record low of less than 4% late last week.‚Äù
‚ÄúNEW YORK (CNNMoney) — The number of Americans filing for their first week of unemployment benefits fell last week to the lowest level in nearly six months, possibly signaling slight improvement in the job market.‚Äù
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