Home Sales and Home Building On the Rise!

Positivity is in the air! SETCO is thrilled to hear that home sales and home building are forecast to rise this year! We know you are wondering if 2012 is really the year…SETCO thinks YES, this is the year!  According to Julie Schmit with USA Today, housing prices are still expected to fall, but investors are convinced we are heading for an upturn. In fact, investors are finally starting to bid up home builder stocks causing them to outperform the broader stock market. SETCO is ready to take 2012 by storm!

The “Future” is Now! Markets across the nation are showing signs of movement and improvement. On the lending side, the latest report from the Mortgage Bankers Association shows that mortgage applications were up this last week, this after a slow two week end to 2011, and applications were up 4.5 percent from the week earlier. See full article.