Home Sales Rise

Existing Home Sales Rise

Sales of previously occupied homes rose 2.1 percent in October according to a press release distributed yesterday from the National Association of Realtors. Coupled with a jump in homebuilder confidence, the housing market continues on its path to recovery. An improved job market and record low mortgage rates are contributing factors.

The National Association of Home Builders/Wells Fargo builder sentiment index increased to 46, up from 41 in October. Readings below 50 suggest negative sentiment about the housing market. The index last reached that level in April 2006. Still, the index has been trending higher since October 2011, when it stood at 17.

Home Ownership Increasingly Attractive

While the economy slowly recovers, many people have begun house hunting. Renters are seeing increased rent prices and often see purchasing a home as a more attractive option- especially with rates hovering around record lows.

Are you a renter facing rising rent prices? Consult a licensed mortgage loan officer to discuss first time home buyer financing options. Inlanta offers a variety of programs to help you achieve your dream of homeownership. Find a branch officer near you.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.

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