ARCHIVED BLOG POSTS
2018
Are you trying to decide if you should rent or buy? There are many reasons why home ownership is better than renting. Here are just a few to consider when you're making your decision.1. Stability For Your FamilyWhen you own your home, the life of your family will be more stable. If you have child...
12/27/2018
During its post-meeting statement, the Federal Open Market Committee of the Federal Reserve announced that its target range for the Fed's key interest rate would increase one quarter percent to 2.25 to 2.50 percent. While this rate hike was not expected by the Executive branch, it met analyst exp...
12/26/2018
Last week's economic news included readings from the National Association of Home Builders, Commerce Department readings on housing starts and National Association of Realtors® report on sales of previously-owned homes. Weekly reports on mortgage rates and first-time jobless claims were also rele...
12/26/2018
Forbes and other reputable publications have predicted a continued rise in interest rates over 2019. The initial shock of the Fed's action caused a slowdown in real estate markets over the final part of 2018. As the shock wears off, experts are divided as to whether more expensive money will cont...
12/19/2018
A growing supply of housing, volatility in the marketplace and risks in the development process all affected the multifamily market in 2018. In 2019, these three factors will continue to move the needle.The Housing SupplyMarkets like Boston, Seattle and Nashville are growing supply faster than de...
12/19/2018
Last week's economic reports included readings on inflation and retail sales. Weekly readings on mortgage rates and new jobless claims were also released.Retail Sales Grow, Inflation Unchanged in NovemberNovember retail sales grew by 0.20 percent in November as compared to expectations of 0.10 pe...
12/17/2018
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A title search is an early warning system for buyers and lenders. It reveals flaws the owner must resolve prior to a closing or refinance request. This allows the owner to clear any clouds on the title so that the process can move forward. Also, it protects the buyer or lender from assuming an ob...
12/14/2018
Last week's economic reports included readings on construction spending and Labor Department readings on private and public jobs growth. The Consumer Sentiment Index was released along with weekly readings on mortgage rates and new jobless claims.Construction Spending Slows in OctoberResidential ...
12/11/2018
Case-Shiller's 20-city home price index for September reported the lowest pace of year-over-year home price growth in almost two years. Lower home prices balanced housing markets between sellers and buyers, but home prices continued to grow approximately two times faster than wage growth.Case-Shi...
12/06/2018
Last week's economic news included readings from Case-Shiller Home Price Indices, sales of new homes and pending home sales. FHFA increased maximum loan limits permitted for mortgages held or guaranteed by Fannie Mae and Freddie Mac. Weekly readings for mortgage rates and first-time jobless claim...
12/03/2018
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Bob Elliot
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