All posts tagged: Housing Market

Home Purchase Mortgage Applications up 42% in December 2020 compared to Prior Year

Home sales were strong throughout 2020, with purchase applications up 42% in December 2020 compared to same period in 2019. These results are much better than many projected in early 2020, when the Covid Pandemic brought our nation to a standstill for months. The historically low mortgage interest rates in 2020 is the clear reason for the stellar home sales market performance.  

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Notary Near YouHome Purchase Mortgage Applications up 42% in December 2020 compared to Prior Year
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Highest Record in 35 Year History of the Housing Market Index

The National Association of Home Builders (NAHB) coupled with Wells Fargo 35 years ago to create the Housing Market Index (HMI).  NAHB.org defines the NAHB/Wells Fargo Housing Market Index (HMI) as based on a monthly survey of NAHB members designed to take the pulse of the single-family housing market. The survey asks respondents to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes.

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Notary Near YouHighest Record in 35 Year History of the Housing Market Index
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