July 2012 Charlotte Market Stats
Check out the latest stats for the month of July. Look at how your local area is performing in today’s market!
Refinance application volume rises again, hits three-year high
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 27, 2012, mortgage applications increased 0.2 percent from one week earlier, continuing the trend of slowly increasing…
Housing ‘a bright spot’ amid tepid economic growth (Inman News)
…home sales have risen 9 percent since this time last year, housing starts are up about 20 percent, and residential investment is poised to contribute to economic growth for the first time since 2005
Seizing Mortgages Could Yield Big Returns (WSJ)
Tapping the power of eminent domain to repair underwater mortgages could generate investor returns of up to 30% and billions of dollars in fees for bankers behind the proposal, according to people with knowledge of the plan.
Housing Passes a Milestone! (WSJ)
The housing market has turned—at last. The U.S. finally has moved beyond attention-grabbing predictions from housing “experts” that housing is bottoming. The numbers are now convincing. Nearly seven years after the housing bubble burst, most indexes of house prices are bending up. “We finally saw some rising home prices,” S&P’s David Blitzer said a few weeks ago as he reported the first monthly increase in the slow-moving S&P/Case-Shiller house-price data after seven months of declines…