ARCHIVED BLOG POSTS
2019
Home price indices issued by S&P Case-Shiller showed further slowing in home price growth in January. The national home price index showed 4.30 percent home price growth for the three months ended in January. Analysts expected home prices to grow 4.20 percent for the same period in cities surveye...
03/29/2019
The mortgage interest rate represents the cost of borrowing money to purchase a property. Mortgage interest rates are not fixed; that is, they fluctuate from one period of time to the next.Many different factors play into what your mortgage interest rate will finally turn out to be. Some of these...
03/26/2019
Last week's economic news included readings from the National Association of Home Builders, Federal Reserve Federal Open Market Committee and a press conference by Fed Chair Jerome Powell.Sales of pre-owned homes in February were reported along with weekly readings on mortgage rates and new joble...
03/25/2019
0
Comments
Builder sentiment held steady in March as headwinds in housing markets affected homebuilder confidence, but National Association of Home Builders Chairman Greg Ugalde said that builders were looking forward to a "solid spring home-buying season." Builder sentiment mirrored February's index readin...
03/21/2019
Last week’s economic reports included readings on retail sales, inflation and construction spending. New home sales Consumer sentiment readings were posted along with weekly readings on mortgage rates and first-time jobless claims.Retail Sales Increase after Lowest Reading in 10 YearsRetail sales...
03/18/2019
0
Comments
Many mortgage payments are made up of four parts, called PITI. PITI is an acronym that stands for principal, interest, tax, and insurance. It's important to understand PITI because it is the real number you need to use in order to find out how much mortgage you can afford to pay each month.One of...
03/14/2019
0
Comments
Sometimes, things don't go as planned. Despite the best intentions, there are times when it's impossible for homeowners to fulfill their mortgage obligations. When your misfortune turns into a foreclosure notice, these tips will help you control the situation and realize the best outcome.Work Wit...
03/14/2019
For many Americans, their home is their primary investment. The equity stored in your residence can be a source of available cash for home repairs, upgrades, or for financing the purchase of investment properties. However, few homeowners really understand the process that results in home equity.W...
03/12/2019
Last week's economic news included readings on new home sales, construction spending, and housing starts. Data on building permits was released along with Labor Department reports on public and private-sector jobs and the national unemployment rate. Weekly readings on mortgage rates and new joble...
03/11/2019
Last week's economic reports included readings from Case-Shiller Housing Price Indices and Commerce Department reports on housing starts and building permits issued.Readings on pending home sales and consumer confidence were released along with weekly reports on mortgage rates and initial jobless...
03/04/2019
Rainmaker
599,979
599,979
Bob Elliot
30+ Yrs Industry Experience
Service Areas
Real Estate Resources
Real Estate Experience Matters! Local and national market news, trends, and updates.