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Sellers' Market Developing; Solid 2013 Housing Market; Appraisal Reform
Posted to: Daily Newsletter
Thursday, February 21, 2013 4:53 PM

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Feb 21, 2013 2:16PM

Sellers' Market Developing According to NAR

The National Association of Realtors® (NAR) said today that a sellers' market is developing in real estate as home sales edge up and home prices continue to rise steadily compared to year-ago levels. Sales in January were up in every region of the country except the West which continues to be plagued by limited inventories. Existing sales of single-family homes, townhomes, condominiums and co-ops, increased 0.4 percent in January to a seasonally adjusted annual rate of 4.92 from a downwardly...

Feb 21, 2013 11:09AM

Housing Fundamentals Suggest Solid 2013 Recovery

Fannie Mae's economists said on Thursday that, despite the feeble note on which 2012 ended, the economy has the building blocks, including housing, for strong growth . Housing is now on a sustained growth path as are manufacturing and energy production but, given circumstances in Washington, Doug Duncan, Orawin T. Velz, and Brian Hughes-Cromwick said they see no reason to revise their forecast from January. They said, however, that if their forecast is wrong it will be erring on the side of being...


Micro News

3:15 PM:

MBS Dip Below Previously Supportive Range Into 3pm Close

1:19 PM:

Narrow Range Challenging Best Levels. Reprice Potential?

10:13 AM:

ECON: Existing Home Sales In Line With Expectations

10:08 AM:

ECON: Philly Fed Index Falls Sharply. Most Metrics At 7-Month Lows

9:22 AM:

Stronger Overnight, Adding Slightly To Gains After Data

9:05 AM:

ECON: Markit PMI Slightly Lower Than Expected, Output Higher

8:46 AM:

ECON: Consumer Prices Slightly Higher Than Expected

8:42 AM:

ECON: Jobless Claims Slightly Higher Than Expected

Around the Web

Video News

What Happens When Fed Music Stops?

Santelli Contemplates FOMC Minutes

Existing Home Sales Up 0.4% in January


Today's Comments

Joseph Hughes

"How about an system of accountability for appraisers? I have had appraisal come in $70K apart within 30 days, and an appraisor who had made over 2 1/2..."

Bryan/Mortgage Finance Group, Inc.

"Six agencies to agree on one definition? We can use this example as Exhibit A when describing a completely unhinged, runaway, abusive govt."

Tim Weldon

"You only have to look at the National Association of Realtors to see the benefits of self-policing. NAR has installed a standard of ethics and duties for..."

Today's Q&A

"how to remodel if not enough in equity to do what you want"

"My ex husband wants to refinance. Can he do this without my signature?"

"Does the seller's mortgage payment remain the same during a short sale?"


View Newsletter: http://www.mortgagenewsdaily.com/channels/newsletter/296998.aspx

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More From MND

Mortgage Rates:
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  • 15 Yr FRM 3.28%
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