A new statistic out this morning by the US Census Bureau and HUD; US homes actively being marketed was at an 11 year high this past July. According to the Department of Housing and Urban Development, the number of homes for sale was 568,000, a 22.4 per cent increase over the year and the biggest number since early 1995. However, interest rates on conventional home loans dipped a bit this morning indicating that this is probably a very good time to lock some fixed rate financing if you are planning on holding onto a particular piece of property for another 3+ years.

tags: home sales, housing, hud, interest rates, inventory

This entry was posted on Thursday, August 24th, 2006 at 2:05 pm and is filed under Financial News, Interest Rates, Housing, HUD. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.