Positive Signs in Real Estate Market
There were actually some positive signs in the real estate market at the national level lately. New mortgage applications jumped up in the beginning of March for the first time in more than a month according to the Mortgage Bankers Assocation. Also, the pending home sale index didn’t decline in February as many predicted. It stayed flat. Finally, the Federal Reserve is keeping short term interest rates low. Could this mean real estate conditions are improving? I will keep you posted.
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Tags: , home sale index, interest rates, mortgage applications, Mortgage Bankers Association, real estate market