Homebuying, not refinancing, drives mortgage applications up 2.3%

Slightly higher mortgage rates did not deter homebuyers looking for a loan last week.
from Duncan Clark Remax Choice Executives http://ift.tt/1qIVyXo

Why homesellers are pulling back in this busy season

In the heart of the busiest season for housing, homesellers are pulling back. New listings in April fell 1.1 percent from a year ago, according to Redfin, a national real estate brokerage. That may not seem like a lot, but with the number of homes for sale extremely low and demand for homes high, the drop in new listings is unexpected and unwelcome. The reason has less to do with buyer demand and more to do with seller anxiety.
from Duncan Clark Remax Choice Executives http://ift.tt/252zfeR