One of the signs that we are looking for to see if the housing market is starting to recover is the Average Purchase Mortgage Amounts. This may point to sign that housing prices are starting rise again. The chart belows shows the Average Conventional Mortgage Amount for 2009 Nationally.
Click on the image below for a larger view of the chart.
This is something we will definitely be watching in the coming months.
Chicago PMI increases in April
2 hours ago