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Foreclosure levels continue to fall in February


The foreclosure situation is improving.

The level of foreclosure actions for residential properties fell in February from one year earlier, despite the month experiencing a slight gain in the statistic from the previous month.

Mortgage applications drop in early March


Mortgage applications fell last week.

The level of mortgage applications trended down in early March, and the decline was likely due to a hike in interest rates.

Consumer market confidence improves markedly


Consumer confidence is on the rise.

More consumers are gaining confidence in the current financial climate, and figures are significantly improved from the past couple of years.

Housing inventory declines in early 2013


Housing inventory declined markedly last month.

With an increasing number of homes sold in the past several months, the total inventory level for the national housing market declined markedly.

Mortgage applications spike to start March


Mortgage applications improved recently.

The level of residential mortgage applications during the final few days of February and the first part of March spiked significantly.

Survey: Potential homebuyers favor design, location


Consumers have specific expectations for the home they want.

A majority of homebuyers have special hopes and expectations when it comes to purchasing their new dwelling.

Home prices improve significantly to begin 2013


Home prices rose in January.

The residential home price situation showed significant gains in January compared to the same month in 2012, which may signal the market is continuing recovery.

Home price growth improves in struggling areas


Phoenix home prices are improving rapidly.

The level of home prices in areas that struggled the most during the recession experienced significant improvement during the first month of the year.

Residential construction spending remains stable to start year


Residential construction spending did not change much in January.

The level of residential construction spending did not significantly change in January compared to the previous month.

Market improves further as foreclosures drop in January


Foreclosures fell to start the year.

The level of foreclosures dropped across the country in January compared to the same month in 2012, which may show that the economy is improving, and homeowners are tackling mortgage payments.


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