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The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for February 2017 shows mortgage applications for new home purchases increased 2.2 percent compared to February 2016. Compared to January 2017, applications increased by 16 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns. “The Builder Application …
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Slowed by frustratingly low inventory levels in many parts of the country, existing-home sales lost momentum in July and decreased year-over-year for the first time since November 2015, according to the National Association of Realtors. Only the West region saw a monthly increase in closings in July. Total existing-home sales, which are completed transactions that …
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Total existing home sales in U.S that include single-family homes,townhomes,condominiums and co-ops increased by 1.7 percent in April to 5.45 million from 5.36 million in March, according to the National Association of Realtors. Lawrence Yun, NAR chief economist, says April’s sales increase signals slowly building momentum for the housing market this spring. “Primarily driven by …
