Lawrence Yun, NAR chief economist, said these are early signs of what may be a sustained recovery. “The pattern of home sales in recent months demonstrates a market in recovery,” he said. “Record low mortgage interest rates, job growth and bargain home prices are giving more consumers the confidence they need to enter the market.”
http://www.realtor.org/press_room/news_releases/2012/01/ehs_dec
Some mortgage basics can be located here. For more specifics, let me know how I can help you with your home purchase.
http://www.homeloanlearningcenter.com/MortgageBasics/WhatsinaMortgagePayment.htm
This climb in national building permits signals an uptick in optimism. Both permits and construction have increased from a year ago. The article further states that housing starts are up 16.5% from the same month a year ago, and building permits are up 17.7%.
http://money.cnn.com/2011/11/17/real_estate/housing_construction/index.htm
