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| May 2007 |
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> Mortgage Applications Up Despite Higher Rates
Hike of 1.6 percent suggests growing loan demand. The refinance share of mortgage activity increased to 42.3 percent of total applications. |
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> First-Quarter Metro Home Prices Stabilize
"It appears the worst of the price correction is behind us," says NAR President Pat V. Combs. "More stable home prices and declining mortgage interest rates are increasing buying power." |
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> Mortgage Applications Rise as Interest Rates Edge Down
An increase in a key index by 3.6 percent is seen as good news. |
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> NAR to Banks: Higher Lending Standards Needed
NAR proposes some solutions from its newly adopted Enhanced Subprime Lending Policy to avoid repeating lending mistakes that led to spikes in nationwide foreclosures. |
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> NAR: Soft Landing for Home Sales
"Home buyers today are purchasing for the long term, generally with a realistic expectation of modest gains over time," NAR's Senior Economist Lawrence Yun says. |
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> House Committee Passes FHA Reform Act
The Expanding American Homeownership Act of 2007 allows FHA to offer a safer alternative to risky mortgage products and help home owners facing foreclosure. |
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> Debate Heats Up Over Costly Lead-Dust Test
Don't expect consumer support for proposed EPA regulations that would require home owners to test for lead-paint dust, says the National Association of Home Builders. |
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> Big Step for Bill Separating Banks, Commerce
NAR applauds the House Financial Services Committee for passing the Industrial Bank Holding Company Act of 2007, which would restrict big retailers from owning ILCs, a form of bank. |
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> Report: Industrial Property Demand Falls
Even so, volume could still see a turnaround, analysts say. |
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> Loan Demand Up Despite Higher Rates
An increase of 1.4 percent suggests solid foundation for a positive outlook. |
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> Voters Want Housing in Presidential Race
Affordability is too important for candidates to ignore as they run for their party nomination. |
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> Home Owners Take Green to the Next Level
After two decades of rising costs, home owners rate energy efficiency near the top of their remodeling concerns, a new study finds. |
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> Pending Home Sales Drop in Short Term
The latest reading on NAR's Pending Home Sales Index shows sales closed in April are likely to remain soft, with some drag possible into May as well. |
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