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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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.

ReWired

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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