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Existing
Home Sales and Prices Continue to Rise |
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February existing-home sales and
prices affirm a healthy recovery is underway in the housing
sector. Sales have been above year-ago levels for 20 consecutive
months, while prices show 12 consecutive months of year-over-year
price increases.
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Loan
Demand Surges Last Week |
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Loan requests for
home purchases — viewed as a leading indicator of future home
sales — surged 6.7 percent last week, the Mortgage Bankers
Association reports. Applications for refinancing also rose,
jumping 8 percent.
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Barclays:
Home Prices to Rise 10% This Year |
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Home prices will
likely climb 10 percent in 2013 and 8 percent in 2014, says
Barclays analyst Stephen Kim, who recently upgraded his view of
the housing market from neutral to positive. Kim told The Wall
Street Journal recently that low mortgage rates are helping to
make buying more affordable than renting in many markets. >>>
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