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According to the National Association of Realtors, pending home sales rebounded sharply in February to their highest level in nearly a year and second-highest level in over a decade. All major regions saw a notable hike in contract activity last month. The Pending Home Sales Index, a forward-looking indicator based on contract signings, jumped 5.5
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Mar 29, 2017 Renting vs. Buying in a hot Housing MarketRenting vs. buying in a hot housing market (video) D. Patrick Lewis of the Arizona REALTORS® says buying now can “freeze time” and lock in your rates, even if home values rise. Kim Tobin: When the housing market crash happened, (Phoenix) was one of the hardest hit areas here in Arizona. 2017 (is) expected to
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The full-year cash sales share for 2016 was 32.1 percent According to CoreLogic, cash sales accounted for 33.1 percent of total U.S. home sales in December 2016, down 1.3 percentage points year over year from December 2015. For the full-year 2016, the cash sales share was 32.1 percent, 2.2 percentage points below the full-year 2015
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According to Freddie Mac’s latest Primary Mortgage Market Survey (PMMS), the average mortgage rate in the U.S. dropped in late March after two consecutive weeks of increases. Sean Becketti, chief economist at Freddie Mac said, “The 10-year Treasury yield fell about 10 basis points this week. The 30-year mortgage rate moved with Treasury yields and
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According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 10, 2017, mortgage applications increased 3.1 percent from one week earlier. The Market Composite Index, a measure of mortgage loan application volume, increased 3.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the
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Eleven major metropolitan areas — including Phoenix — are growing at a pace of more than 1,000 persons per week, based on population estimates issued this morning by the U.S. Census Bureau. The federal agency released July 2016 estimates for 382 metros and 3,142 counties across the nation. Click on the View Slideshow button to
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