Daily Archives: June 23, 2009

Home Sales are Up for Two Consecutive Months

According to Inman News, housing inventory levels fell from April to May (down to 9.6 months) across the nation.  Most people in the industry consider four to six-months supply of homes a good balance between supply and demand.Sales of existing … Continue reading

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After Weeks on the Rise, Mortgage Rates Finally Drop reports Zillow

Zillow reports that the weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased last week to 5.58 percent, down from 5.72 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by … Continue reading

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