FHA Insured Loan Applications Grow 16%

According to the Federal Housing Administration’s most recent outlook, insured loan applications have continued to increase, jumping 16%. The improvement is due to the higher number of homes being purchased and the rise in refinance filings. Mortgage insurance applications increased to 146,509, up 20,674 from last year. The FHA has insured 102,011 more single-family mortgages compared to this time last year, reaching a total of 134,461. More here

2013 Home Prices Continue To Increase

According to the S&P/Case-Shiller Home Price Indices, home prices grew impressively in January. The 20-city home price index grew by 8.1% from January 2012-January 2013. S&P Dow Jones chairman of the Index Committee David M. Blitzer said, “economic data continue to support the housing recovery.” Blitzer also stated ““single-family home building permits and housing starts posted double-digit year-over-year increases in February 2013. Despite a slight uptick in foreclosure filings, numbers are still down 25 percent year-over-year.” More here