ARCHIVED BLOG POSTS
2016
Sales of Pre-Owned Homes Exceed ExpectationsJanuary sales of previously owned homes rose to an annual level of 5.47 million sales against expectations of 5.30 million sales and December's reading of 5.45 million sales. Existing home sales rose by 0.40 percent month-to-month, which was the second-...
02/28/2016
Home prices rose slightly in December according to S&P Case-Shiller Home Price Indices released Tuesday. According to the S&P Case-Shiller 20-City Home Price Index, which covers cities representing all nine US Census divisions, home prices rose 5.40 percent year-over-year in December as compared ...
02/24/2016
Last week's economic news included the NAHB Housing Market Index, Commerce Department releases on housing starts and building permits and minutes of the most recent meeting of the Fed's FOMC meeting. Home Builder Confidence Falls in FebruaryAccording to the National Association of Home Builders (...
02/21/2016
Many homeowners are struggling to keep up with their mortgage payments on a monthly basis, and it can often seem like there are limited options for remedying the situation. If you haven't heard of HARP refinancing and you're a homeowner who's looking for a lower interest rate, this may be the rig...
02/17/2016
Last week's economic events included weekly releases on new jobless claims, mortgage rates and testimony by Fed Chair Janet Yellen concerning the Federal Reserve's monetary policy. Here are the details: Mortgage Rates, New Jobless Claims DropFreddie Mac reported that average mortgage rates fell a...
02/15/2016
Last week's scheduled economic news included reports on construction spending and several labor-related reports along with weekly reports on mortgage rates and new jobless claims. The details:Construction Spending Higher in December U.S. construction spending rose by 0.10 percent in December for ...
02/07/2016
The housing market is in a constant state of flux, and with the changing shape of real estate there will most definitely be notable trends to watch out for in the next year. Whether you're approaching the market with caution or are ready to dive in without worry, here are some things to watch out...
02/03/2016
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Traditionally, getting a mortgage requires you to have a level of income appropriate to the size of home that you're buying. But for a lot of low-income and minority borrowers, a simple measure of one person's income isn't an accurate measure of whether or not that person can afford a home. Now, ...
02/01/2016
Last week's economic events included S&P Case-Shiller's home price indexes, reports on new and pending home sales and the Fed's FOMC statement. The details: Case-Shiller Reports Fast Paced Home Price GrowthAccording to S&P Case-Shiller Home Price Indexes, U.S. home prices grew at their fastest pa...
01/31/2016
Rainmaker
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