The average amount of mortgages being approved by lenders has grown in the last three months from $215,000 to $235,000 — a possible sign of increased buyer and lender confidence, according to analysts at Capital Economics. Besides the increase in average mortgage amounts, analysts also point to other positive signs shaping up in the housing market, including a 20 percent drop in the home inventory the last 18 months.
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Resource: Daily Real Estate News | Thursday, April 12, 2012
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