Real Estate

May 22, 2013
Architecture Billings Index reverses recent gains

The Architecture Billings Index switched gears and fell to 48.6 in April from 51.9 last month, showing a...

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Existing-home sales remain below underlying demand

After falling in March, existing-home sales increased in April, although they were still not enough to meet underlying demand due to limited inventory and tight credit. All regions recorded year-over-year price gains.

Recovering housing market buoys The Home Depot earnings

"In the first quarter, we saw less favorable weather compared to last year, but we continue to see benefit from a recovering housing market that drove a stronger-than-expected start to the year for our business," said Frank Blake, chairman & CEO of The Home Depot.

ReWired

Refi, purchase apps switch places over the years

Since the housing crash in 2008, the ratio of purchase applications versus refinancing has completely switched. However, as the market levels out, purchase applications are likely to dominate the market again. 

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