ARCHIVED BLOG POSTS
2013
The National Association of REALTORS® released its monthly Existing Home Sales report on March 21 and gave investors and home sellers something to cheer about. While February sales of existing homes didn't meet investor forecasts of 5.00 million homes sold on a seasonally adjusted annual basis, ...
03/27/2013
The Federal Reserve's statement after yesterday's Federal Open Market Committee (FOMC) meeting left no doubt as to the Fed's dual commitment to keeping long term interest rates down and encouraging economic growth. No changes to the Fed's current bond-buying program were made during today's FOMC ...
03/21/2013
The National Association of Home Builders (NAHB) released its NAHB/Wells Fargo Housing Market Index for March on Monday. The HMI measures builder confidence in the market for newly constructed single family homes. A reading of 50 for the NAHB Housing Market Index (HMI) indicates that more builder...
03/19/2013
Last week's jobs report -- a combination of the Department of Labor's Non-farm Payrolls Report and Unemployment Rate -- provided investors and job seekers with unexpected good news. Job growth for February handily exceeded most economists expectations of 160,000 by adding 236,000 new jobs. Accord...
03/13/2013
Mortgage rates and the major stock market indices rose last week in response to a strong jobs report and lower national unemployment rate. The Department of Labor's Non-farm Payrolls report for February surpassed expectations with 236,000 new jobs reported against expectations of 170,000 new jobs...
03/11/2013
Although the financial markets have tightened mortgage lending guidelines and financing requirements over the last few years, the right advice when applying for your loan can make a big difference. Not all loans are approved. And even when they aren't approved immediately, it doesn't have to be t...
03/07/2013
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The previous couple years' doom and gloom outlook is looking like it is turning more upbeat and robust for the rest of 2013. Home Prices Climb Nearly 10% Over Past Year In fact, a recently released report by CoreLogic stated that home prices were up 9.7 percent from one year previously. That kind...
03/06/2013
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The Standard and Poor’s Case-Shiller Home Price Indices released February 26 show strong growth in the majority of 20 cities and corresponding metro areas tracked during 2012. The S&P Case-Shiller Home Price Indices measure home prices nationally and locally by compiling data from individual inde...
03/05/2013
U.S. Budget Stalemate, Italian Elections Stir Concerns Mortgage rates were lower last week as investors sought safety in bonds in the wake of US legislators' failure to agree on budget cutbacks, and after Italy’s elections failed to reveal a leader committed to continuing economic reform. When bo...
03/03/2013
April 15th seems a long way off, but it will be here before you know it. Now is the perfect time to start getting your paperwork in order. Owning real estate can make a big difference on your tax return, so make sure that you're taking advantage of all the deductions you're entitled to. We've out...
03/01/2013
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Bob Elliot
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