ARCHIVED BLOG POSTS
2015
There can be many downsides to both renting and buying, depending on what side of the coin you are on, but if you're leaning towards purchasing a home it can have added benefits for your bank account that renting does not. While renting can certainly alleviate many of the costs that go along with...
12/30/2015
This week's report of economic events is shortened due to the Christmas holiday. Economic news through Wednesday included Existing Home Sales, New Home Sales and Consumer Spending. The details: Existing Home Sales Dip, New Home Sales RiseAccording to the National Association of Realtors®, sales o...
12/27/2015
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November sales of pre-owned homes dipped lower than expected and prior month's readings according to the National Association of Realtors® (NAR). Analysts expected existing home sales to slow to a seasonally-adjusted annual rate of 5.30 million sales, which was based on October's reading of 5.32 ...
12/22/2015
Last week's scheduled economic reports included the NAHB Housing Market Index, Housing Starts, FOMC statement and Fed Chair Janet Yellen's press conference. In addition to weekly reports on jobless claims and mortgage rates, inflation reports were also released. Builder Confidence Slips, Housing ...
12/20/2015
After prolonged speculation by economic analysts and news media, the Federal Open Market Committee of the Federal Reserve raised short-term interest rates for the first time in seven years. Committee members voted to raise the target federal funds rate to a range of 0.25 to 0.50 percent from a ra...
12/16/2015
Last week's scheduled economic releases included reports on job openings, retail sales and consumer confidence in addition to usual weekly releases on mortgage rates and new jobless claims. The details:According to the U.S. Labor Department, job openings were down 2.70 percent in October to a rea...
12/13/2015
Mortgage closing costs have been coming down in recent years, which is good news for buyers. But if you're buying a home in the near future, you'll want to ensure you're prepared to take full advantage of these lower fees - after all, keeping more money in your pocket is always good. When you clo...
12/09/2015
Multiple economic reports released last week indicate further improvement in economic conditions. Pending home sales, construction spending and ADP payrolls increased while Non-farm Payrolls fell and the national unemployment rate held steady. The details: Pending Home Sales, Construction Spendin...
12/06/2015
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