Gevon Polgar's (gpolgar) Blog

Foreclosure sales dropped significantly in February, according to a report by ForeclosureRadar. Although sales to third parties, typically investors, were down month-over-month, as a percentage of all sales, third parties purchased a record 37.6 percent of foreclosures, up from 20.3 percent a yea...

A private research group says that consumer confidence in February rose dramatically from last month to the highest level since a year ago when the U.S. economy's outlook started to look brighter before souring again. The Conference Board's Consumer Confidence Index now stands at 70.8, up from a ...

Americans' concerns about key economic and housing issues are beginning to subside, according to results from Fannie Mae's February 2012 National Housing Survey. Consumers' attitudes have stabilized across most indicators – including personal finances, housing, and employment – demonstrating thei...

The Conference Board Consumer Confidence Index increased in February. The Index now stands at 70.8 (1985=100), up from 61.5 in January. The Present Situation Index increased to 45 from 38.8. The Expectations Index rose to 88 from 76.7 in January.Consumers’ assessment of current conditions was mor...

Inventory of new homes on the market shrank to its lowest point on record in January, marking a 5.6-month supply at the current sales pace, the Commerce Department reports. With fewer homes available, the price of new homes increased slightly last month. The median price for a new home ticked up ...

Home sales may get a boost from the rising prices occurring in the rental market, which is making it cheaper to own rather than rent in a growing number of cities. “We might see a spring season better than the numbers are predicting," Jay Brinkmann, the Mortgage Bankers Association's chief econom...

Existing-home sales rose 4.3 percent in January to a seasonally adjusted annual rate of 4.57 million, marking the third gain for home sales in the last four months, the National Association of REALTORS® reports. “The uptrend in home sales is in line with all of the underlying fundamentals – pent-...

With interest rates at historically low levels, many borrowers are finding value with a reliable fixed-rate mortgage. However, borrowers who think they could be relocating in the near future, or need to shore up savings, might want to consider what some regard as the next best thing: An adjustabl...

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