Theresa Springer’s Blog

Home Prices And Supply Grow

Home prices have jumped, and in turn, an increasing number of houses have been put on the market, increasing supply in many U.S. cities. The median home price averaged $199,000, up 7.6% from this time last year. Home sellers and economists are hoping for a large spring buying season that will help the housing produce ... MORE

Home Prices Increased 12.4% In July

Home prices have continued to jump, increasing 12.4% in July 2013 compared to one year earlier. According to the S&P/Case-Shiller home price index, in July, home prices showed the largest gain since early 2006. According to the index, 50% of all major housing markets posted double-digit annual gains. Experts have suggested that the annual increase ... MORE

Mortgage Applications Jump

New data shows that U.S. mortgage applications increased last week. Experts have suggested that seasonal factors may influence fluctuations in mortgage activity. Economists say that holidays, such as the most recent holiday, labor day, can play a role in decreased mortgage application rates. Mortgage applications grew 11.2%, and refinance activity increased 18% averaging approximately 61% ... MORE

Housing Market Growth Expected To Slow

According to many economists, the U.S. housing market has rebounded, with an impressive amount of progress shown over the past year. New statistics show that the market is beginning to slow down as prices continue to rise and interest rates increase, although rates have remained steady over the last few weeks. The consensus of economists ... MORE

Job Growth Continues To Increase

According to the Department of Labor, hiring in the United States has continued to grow while unemployment rates decrease. In August, the economy added 169,000 jobs, up from 104,000 created jobs in July, and the unemployment rate decreased to 7.3%. Although rates seem positive, economists say that job growth is not rebounding at an extreme ... MORE

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