ARCHIVED BLOG POSTS
2014
According to the S&P Case-Shiller 20 City Home Price Index, Home prices rose by 0.20 percent in August. Three of the 20 cities tracked saw home prices drop, while Detroit, Michigan posted the highest price growth. The seasonally adjusted growth rate for cities tracked declined by 0.10 percent as ...
10/30/2014
Last week's economic news included a few developments connected with housing and mortgage industries. While no economic reports were released on Monday, the rest of the week provided good news for existing home sales, home prices and mortgage rates. The National Association of REALTORS® reported ...
10/27/2014
After months of reports of slowing home price momentum and forecasts of a lagging housing market, we are pleased to report an increased volume of existing home sales as reported by the National Association of REALTORS®. The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Fred...
10/24/2014
Are you a homeowner who is thinking about selling their current home and making an upgrade to a newer, larger home? If you're facing the prospect of having to manage a home purchase and a home sale at the same time you'll find that there are numerous priorities that are begging for your attention...
10/21/2014
Index for October. The Commerce Department also released Housing Starts for September. Freddie Mac reported that the average rate for a 30-year fixed rate mortgage dropped below four percent. The Fed released its Beige Book report, and Weekly jobless claims came in lower than expected. Here are t...
10/20/2014
The National Association of Home Builders (NAHB) reported that home builder sentiment lost its momentum in October and posted a seasonally adjusted reading of 54 in its Home Builder Market Index. This reading was five points lower than expected and also five points lower than September's reading....
10/17/2014
Economic news was lean last week as the first week of the month tends to be calm in the aftermath of the rush of end-of-month reporting. Of note was CoreLogic's report on housing markets, the release of the minutes from the most recent FOMC meeting and lower mortgage rates reported by Freddie Ma...
10/14/2014
Last week's economic news included multiple reports on housing and the labor sector. The good news is that job markets appear to be stronger, with new jobless claims and the national unemployment rate lower. Unfortunately, housing continues to struggle in its recovery. Pending home sales slumped ...
10/05/2014
The stifling heat of July did not penetrate U.S. housing markets according to the S&P Case-Shiller 10-and 20 City Home Price Index reports. San Francisco's sizzling home prices dropped in July and posted its lowest price gains since 2012. According to the Case-Shiller 10 and 20-City Home Price In...
10/01/2014
Rainmaker
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Bob Elliot
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