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Housing Construction Activity Increased Nationally in March

Home builders accelerated their pace in March as construction of new homes and apartments increased 7% from February, according to a U.S. Department of Commerce report. The Midwest experienced the biggest increase in activity, as new construction starts rose 32%. In the West, housing starts grew 28%, while the Northeast saw modest boost of just 5%. Construction declined 3% in the South. Building activity, particularly in the Midwest, usually increases in March and April when the weather warms up. Comparable home starts information isn’t available on a local level, but requests for building permits in the Twin Cites metro area rose
Posted on 25 April 2011

What's Up With Real Estate? Interest Rates Will Be Soon!

According to an article in the April 2011 issue (PDF) o The Costco Connection, now is the time to buy a home, as the likely rise in interest rates predicted for the near future may entice buyers from the sidelines and push residential real estate sale prices up. As long as rates remained stable, potential buyers and sellers could afford to remain indecisive. Although rates are still near historic lows, people are motivated to take action since waiting could mean a higher rate and a larger mortgage payment, experts say. Yes, mortgage interest rates are still low. But because of the foreclosure cris
Posted on 18 April 2011