Monthly Archives: June 2013

Texas Mortgage Market Update – For the week of June 24, 2013

For the week of June 24, 2013 – Vol. 11, Issue 25 >> Texas Mortgage Market Update QUOTE OF THE WEEK… “In order to succeed, we must first believe that we can.” –Michael Korda, American writer, novelist, and editor INFO … Continue reading

Texas Mortgage Market Update – For the week of June 17, 2013

Texas Mortgage Market Update – For the week of June 17, 2013 – Here are two thoughts that should relieve some stress for those of us working in the housing market. Fannie Mae’s May 2013 National Housing Survey reported that the share of American’s who think now is a good time to sell and the share of those who think now is a good time to buy spiked sharply from April to May. 40% of respondents think it’s a good time to sell, up from 30% the month before, the largest gain in the survey’s 3-year history. And 76% of respondents think it’s a good time to buy! Continue reading

Texas Mortgage Market Update – For the week of June 3, 2013

Texas Mortgage Market Update – For the week of June 3, 2013 – Last week, Pending Home Sales took their place at the top, hitting their highest level since April 2010, when folks were rushing to close before the homebuyer tax credit expired. April Pending Home Sales, based on signed contracts for existing homes, were up 0.3% over March and up 10.3% over last year, according to the National Association of Realtors (NAR). Their chief economist predicts, “Total existing home sales are expected to rise just over 7%, to about 5 million this year.” Continue reading