Sweet Deal

Well once again it looks like things are doing great in Real Estate, unless your a Buyer. There is honestly nothing for sale right now and record numbers of Buyers. Selling should be the Focus of many home owners but I think they are in denail, not to be confused with Denali. LOL Here are some great articals to show you whats going on.

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Mortgage applications surge as rates tumble - U.S. mortgage applications surged last week as demand rose to its highest level since late-May. Applications to purchase a home hit its highest level since early January. The Mortgage Bankers Association's seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, for the week ended Sept 4 increased 17.0% to 648.3, the highest level since the week ended May 29. The MBA's seasonally adjusted purchase index rose 9.5% to 304.1 - the largest gain since early April, with the index at its highest level since the week ended January 2. The four-week moving average of mortgage applications was up 7.0%. http://www.msnbc.msn.com/id/32753681/ns/business-real_estate/

Real Estate Outlook: A Bright Market - Housing numbers are headed in just one direction, and at least for the time being, that's better and better. Pending home sales jumped again - up by 3.2% for the month of July. Following six straight months of increases, the pending sales index is now at its highest level since June of 2007, and is 12% above a year ago. Last week, Freddie Mac's home price index showed national prices up by an average 2.7%. Clear Capital's home price index, which digs into thousands of Zip codes and small neighborhoods, reported even larger gains - 7.3% during the period July 27th to August 25th. Last week, average rates on thirty-year fixed-rate mortgages declined to just below 5.2%, according to the Mortgage Bankers association's national survey. The Mortgage Bankers Association's top forecaster, Orawin Velz, continues to predict that the recession will be over shortly - or already is over. http://realtytimes.com/rtpages/20090908_realestateoutlook.