finance2 years ago
Market Update: Dow Drops, Bitcoin and Housing Market Show Resilience.
The Dow Jones opened down, while Alibaba and other stocks experienced movement. Bitcoin saw a rise in value, and the housing market continues to recover.
Tag
Housing Recovery
All articles tagged with #housing recovery
Mortgage market sees mixed results amidst interest rate fluctuations.
Pending home sales rose just 0.8% month to month in February, according to the National Association of Realtors, as higher mortgage rates took some of the juice out of the housing recovery. Sales were 21.1% lower than February last year. However, sales moved higher month to month in every region except the West, where they fell 2.4%. The affordable U.S. regions – the Midwest and South – are leading the recovery, while home prices have eased considerably since last summer, but housing is still expensive by historical standards.