Housing Continues to Advance While Mortgage Rates Remain Mostly Stable

Posted by Bonnie Martin Designated Broker on Wednesday, February 13th, 2013 at 8:01am.

realtytimes.com - It doesn't matter where you look, the overall data regarding the housing market continues to show advances while, at the same time, mortgage rates remain mostly stable.

Last week CoreLogic, a data analysis firm, reported that home prices increased for the tenth straight month in December which was up 0.4% from the month before. Including distressed sales, prices nationwide rose on a year over year basis by 8.3%, the biggest increase sine May 2006, when compared to December 2011.

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