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Home loans up

The housing sector is showing tentative signs of recovery as buyers take advantage of low interest rates. The number of home loans taken out in February rose 2 per cent, despite the percentage of loans taken out by first home buyers falling to 14.4 per cent, the lowest since 2004.
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InvestSMART
By InvestSMART · 16 Apr 2013
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InvestSMART
By InvestSMART ·
16 Apr 2013
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The housing sector is showing tentative signs of recovery as buyers take advantage of low interest rates. The number of home loans taken out in February rose 2 per cent, despite the percentage of loans taken out by first home buyers falling to 14.4 per cent, the lowest since 2004.
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Frequently Asked Questions about this Article…

The article says the housing sector is showing tentative signs of recovery as buyers are taking advantage of low interest rates.

According to the article, the number of home loans taken out in February rose by 2 percent.

The article reports buyers are taking advantage of low interest rates, which is linked to the observed rise in home loan activity.

The article states the percentage of loans taken out by first home buyers fell to 14.4 percent.

Yes. The article notes that 14.4 percent is the lowest share of first home buyer loans since 2004.

No. The article describes the recovery as 'tentative', indicating early or cautious signs rather than a full market recovery.

No. The article reports the decline in first home buyer share to 14.4 percent but does not provide specific reasons for that fall.

The article does not give investment recommendations; it only reports that low interest rates coincide with a modest rise in home loans and a drop in first home buyer share.