Low mortgage rates are helping to make homes more affordable. It appears home buyers have taken notice.
Never before in recorded history have so many homes been affordable to households earning a moderate annual income.
The new construction housing market continues to improve.
After a brief dip in April, the National Association of Homebuilders reports that the Housing Market Index rose 5 points in May to 29.
The economic and housing recovery continues nationwide, but the recovery is an uneven one.
According to the Federal Home Finance Agency’s Home Price Index, home prices rose a seasonally-adjusted 0.3 percent between January and February 2012.
After a series of worse-than-expected data last month, the housing market appears to be back on track.
Sales of new homes ticked lower in March, unexpectedly.
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