Mortgage marekt update from Chris Nooney at Prime Lending: INFO THAT HITS US WHERE WE LIVE… Last week, the Fed had to admit the stubborn fact that there are “further signs of improvement” in the housing sector, even while they acknowledged that the economy has “decelerated somewhat over the first half of this year.” A … Continue reading Galveston Real Estate and Galveston Condos – Mortgage Market Update

Galveston real estate and Galveston condos – mortgage market update fron Chris Nooney at Prime Lending: INFO THAT HITS US WHERE WE LIVE… The housing market sure seems to be getting a second wind. The latest forecast from the National Association of Realtors predicts a 9.5% gain in existing home sales in 2012 and a 6.9% … Continue reading Galveston Real Estate and Galveston Condos – Mortgage Market Update

Mortgage market update from Chris Nooney and Prime Lending: INFO THAT HITS US WHERE WE LIVE… Those looking for healing in the housing market needed to see past April’s 5.5% dip in Pending Home Sales and focus on the 14.4% gain in the index compared to a year ago. The small drop ended a three month … Continue reading Galveston Real Estate and Galveston Condos – Mortgage Market Update

Mortgage market update from Chris Nooney at Prime Lending: INFO THAT HITS US WHERE WE LIVE… Well, we can all finally enjoy some solid signs of recovery in the housing market. Tuesday we got the news Existing Home Sales were UP 3.4% in April to a 4.62 million unit annual rate. Sales are now UP … Continue reading Galveston Real Estate and Galveston Condos – Mortgage Market Update

Mortgage market update from Chris Nooney at Prime Lending: INFO THAT HITS US WHERE WE LIVE… Home builders are doing plenty with what they have, as Housing Starts rose 2.6% in April to a 717,000 annual rate. Single-family units were up 2.3% for the month and are up 18.8% from a year ago. Multi-family starts were … Continue reading Galveston Real Estate and Galveston Condos – Mortgage Market Update

Mortgage market update from Chris Nooney at Prime Lending: INFO THAT HITS US WHERE WE LIVE… Happily, it’s becoming easier to believe the housing market is turning around, although in fits and starts. For example, the Q1 Advanced GDP report showed that home building increased for the period at a 19% annual rate, its fourth … Continue reading Galveston Real Estate and Galveston Condos – Mortgage Market Update

Mortage market update from Chris Nooney at Prime Lending: INFO THAT HITS US WHERE WE LIVE… When people tell you the housing market isn’t showing many positive signs, here are some facts that may change their minds. As of January, the National Association of Realtors (NAR) reported the housing inventory of for-sale homes has fallen … Continue reading Galveston Real Estate and Galveston Condos – Mortgage Market Update

Mortgage market update from Chris Nooney at Prime Lending: INFO THAT HITS US WHERE WE LIVE… Hopefully, more people will be taking a shot at buying a home, with home ownership regaining its appeal as rents head higher. A real estate research firm reported average apartment rents UP 2.7% last year, while the national vacancy rate … Continue reading Galveston Real Estate and Galveston Condos – Mortage Market Udpate

Mortgage market update from Chris Nooney at Prime Lending: INFO THAT HITS US WHERE WE LIVE… The renowned French fashion designer certainly would have appreciated that while February’s Housing Starts were down 1.1% for the month, Building Permits bumped UP 5.1%, to their highest level since 2008. The housing recovery is full of opposites. In spite … Continue reading Galveston Real Estate and Galveston Condos – Mortgage Market Update