Daily Archives: March 23, 2017

National new home sales for February, 2017; double digit increase compared to 2/16!!

The U.S. Census Bureau announced today that sales of new single-family houses in February 2017 were 592,000 at a seasonally adjusted annual rate, up 6.1 percent from January’s revised rate, and up 12.8 percent from February 2016.

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Home equity metrics

Weak Withdrawal Despite a prolonged rise in house prices, bringing them back to where they were prior to the Great Recession, mortgage equity withdrawal (MEW) is a pittance compared to a decade ago. Between 2003 and 2007, MEW averaged 7% … Continue reading

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