Home prices rose in nearly all major U.S. cities in April from March, further evidence of a housing market that is slowly improving even while the job market slumps.
We bought fewer homes in May than in April according to the National Association of Realtors which finds that sales of previously occupied homes dropped 1.5 percent.
The average rate on the 30-year fixed mortgage dropped near its all-time low this week, making home-buying and refinancing a bargain for those who can qualify.
The news from the builders' front is a mixed bag. They are still not doing the new housing sales volume of former times, but they continue to show optimism that buyers will be coming back.
Home prices have been falling in Jersey for the past 8 months, but new data indicates home sales in the Garden state have taken off like a rocket since the beginning of the year.