Sales of new homes rose sharply in December, posting a 17.5 percent gain from the month prior. According to the Department of Housing and Urban Development, New Home Sales climbed to 329,000 in December, besting November by close to 50,000 units on a seasonally-adjusted annual basis. Last month's
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01/28/2011
Each month, in conjunction with the Department of Housing and Urban Development, the Census Bureau releases its New Residential Construction report. The report is comprised of several sections, one of which counts the number of homes that have "broken ground" in Idaho and nationwide. They're call
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01/20/2011
Consumers keep spending, the economy keeps growing. Mortgage rates are improving this morning on just-released, slightly worse-than-expected Retail Sales data from December 2010. Excluding motor vehicles and auto parts, December's sales receipts were $1.5 billion higher from November. Analysts ha
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01/17/2011
Consumers keep spending, the economy keeps growing. Mortgage rates are improving this morning on just-released, slightly worse-than-expected Retail Sales data from December 2010. Excluding motor vehicles and auto parts, December's sales receipts were $1.5 billion higher from November. Analysts ha
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01/14/2011
By Marc Lebowitz, Executive Director ACAR December sales in Ada County were 518. That's an increase from December '09 of 19%. This is the first year over year increase since June; and is the highest number of unit sales since the same month! Year-To-Date '10 is now 5,891; an increase of 7.7% ove
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01/12/2011
The housing market continues to expand, and surprise. According to the National Association of REALTORS®, November's Pending Home Sales Index gained 3 percent from October. A "pending home sale" is a home under contract but not yet closed. The index is now at its highest point since April 2010's
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01/04/2011
Mortgage markets improved last week during a snow- and holiday-thinned series of sessions on Wall Street. Mortgage bonds improved on year-end profit-taking, mostly, leading conforming mortgage rates in Idaho lower. Last week marked the first calendar week in which mortgage rates dropped since ear
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01/04/2011
