Here is some more good news for everybody: Pending home sales have risen for nine months in a row, a first for the series of the index since its inception in 2001, according to the National Association of Realtors.
The averages for 30-year, fixed-rate mortgages dropped to new lows this week, to 4.78 percent, more than a percentage point below what they were a year ago, according to Freddie Mac.
According Builder Online, the Washington DC metro area is the 3rd healthiest housing market in the country. It is also one of few major markets to record an increase of new home sales this year.
Did you hear about the recent outbreak in open house thefts? There have been stories in the past about open house visitors stealing pills from medicine cabinets, and even isolated jewelry thefts, but I haven’t heard of such an organized effort before.
KB Home just announced that it is resuming its home building operations in the Mid-Atlantic region, including Maryland and Virginia.
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