Real Estate News Matters

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ARCHIVED BLOG POSTS

2013 

The National Association of REALTORS reported Monday that pending home sales dropped by -0.60 percent in October after falling at a revised rate of -4.60 percent in September. According to Lawrence Yun, chief economist for NAR, 17 percent of real estate agents reported delays in loan closings due...
11/26/2013
Last week's scheduled economic news was varied, but mortgage rates fell and jobless claims were significantly lower than expected. The minutes for last month's FOMC meeting were released, and confirmed the Federal Reserve's intention to leave its quantitative easing program unchanged at least for...
11/24/2013
The National Association of Home Builders released its Housing Market Index for November on Monday. This month's HMI reading was 54 against expectations of a reading of 55. October's reading was also 54 after being downwardly revised. Readings over 50 generally indicate that a majority of builder...
11/19/2013
The Veterans Day holiday on Monday contributed to a quiet week for economic news. On Wednesday the reading for the federal budget deficit for October fell from September's reading of -$120 billion to -$92 billion. Freddie Mac Released Its Primary Mortgage Market Survey On Thursday The average mor...
11/18/2013
You probably had someone check your foundation when you bought the house, but have you looked twice at it since? These problems don't happen overnight. They start small and they grow. By the time an issue comes to your attention, it might be too late. Learn to recognize the problems while they're...
11/06/2013
Last week's economic news came from a variety of sources. Most significant was the Fed's Federal Open Market Committee statement after its meeting ended Wednesday. The statement indicated that the Fed saw moderate economic growth. FOMC did not taper its purchase of MBS and Treasury securities. Th...
11/03/2013
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Bob Elliot

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