According to the Federal Home Finance Agency’s Home Price Index, home prices rose by a seasonally-adjusted 0.7 percent between May and June 2012. The index is now up 3.0% over the past 12 months, and made its biggest quarterly gain since 2005 last quarter.
About Matt Fagioli
Matt is the Operating Broker at Diamond Dwellings Realty based in Gwinnett County Georgia. Matt has sold nearly 600 homes in Metro Atlanta in the last 10 yearsCarmel, Indiana Rated Top Mid-Sized U.S. City For 2012
From a list of 744 eligible towns nationwide, Carmel, Indiana ranked first in CNNMoney’s Top Places To Live 2012.
Mortgage Rates Dropping After Release Of Fed Minutes
Eariler this week, the Federal Reserve released the minutes from its 2-day meeting which ended August 1, 2012. Since the release, mortgage rates have dropped.
Existing Home Sales Rise To 4.47 Million
Home resales climbed 2% last month as the housing market continues its slow, steady recovery.
States With The Highest And Lowest Closing Costs, 2012
Mortgage rates are lower this year, and closing costs are, too.
Single-Family Housing Starts Remain Strong
Single-family housing starts were above 500,000 for the fourth straight month in July, a mark not met since the federal home buyer tax credit of 2010.
How To Repair Water-Damaged Hardwood Floors
Over prolonged periods of time, water can warp, buckle, and/or cup hardwood flooring, leading to an expensive and time-consuming repair process.
Mortgage Rates Rise For Third Straight Week
Mortgage rates rose for the third straight week this week. Could this be the end of rock-bottom mortgage rates?
Homebuilder Confidence Rises To 5-Year High
For August 2012, the National Association of Homebuilders reports the monthly Housing Market Index at 37 — an increase of more than 100% from one year ago and the highest HMI value since February 2007.
Home Affordability Sinks For The First Time In 12 Months
Rising home prices are taking a toll on today’s home buyers. For the first time in 4 quarters — and despite falling mortgage rates — home affordability is sinking.