ARCHIVED BLOG POSTS
2013
Economic data was abundant today and the reports were slanted towards the positive side. First up was the advanced reading for second quarter Gross Domestic Product (GDP) showing that growth in the quarter rose by a rather dismal 1.7%. That was better than the 1.1% that was registered in the firs...
07/31/2013
Housing data was plentiful today with both good news and not so good news. Home prices continue to move higher as evidenced by the 12.2% year-over-year gain in the Case/Shiller 20-city Composite Home Price Index. It was the biggest annual gain since March of 2006. From April to May, prices rose 2...
07/30/2013
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Life After Bankruptcy – Bankruptcy is an uncomfortable subject for a variety of reasons. The most obvious is the potential havoc it can wreak on your finances. Running a close second is the negative stigma which is often attached to the process. This negativity is important to mention because str...
07/29/2013
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Proactive or Reactive? It's Up to You Everyone makes choices. Their outlook on life, whether at home, at work, behind the wheel or at the theater, directly correlates to the decision to be either positive or negative. In essence, it's as simple as whether you see the glass half full or half ...
07/26/2013
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Despite the recent rise in home loan rates, New Home Sales surged by 8.3% in June from May to an annual rate of 497,000 units. The 497,000 was above expectations of 483,000 and sales are now up 38% since June of 2012, the largest annual increase since 1992. However, sales in May were revised lowe...
07/24/2013
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Annual Percentage Rate What is the Real Cost of Financing? Annual Percentage Rate (APR) is a tool that consumers can use as a starting point to compare loan programs. However, it's important to keep in mind that APR is not a perfect system, and not all lenders calculate APR in the same way. Wh...
07/22/2013
$379,900 , 4 bedrooms, 3 full baths, 0 half baths, 3,569 square feet Ramona Cress | RE/MAX Checkmate 904 Sunset Dr. Johnson City, Tn. 37604 | (423) 282-0432 2 Fox Den Ct, Johnson City, TN Traditional Brick Home 4BR/3BA Single Family House offered at $379,900 Year Built 1990 Sq Footage 3,56...
07/19/2013
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The Labor Department reported this morning that Americans filing for first time unemployment insurance fell in the latest week, a signal that the jobs market continues to make some headway. Weekly Initial Jobless Claims fell by 24,000 in the latest week to 334,000 and below the 348,000 that was e...
07/18/2013
7 Insider Tips to Creating a Killer Listing Book Are you sure buyers' agents are fully representing your listings? A simple Listing Book–a three-ring binder left on the kitchen counter showcasing important information about the property–can help buyers make an informed decision and increase the ...
07/16/2013
Higher gasoline prices and a surge in sales of automobiles led Retail Sales higher in June, but the gains were offset by a decline in home improvement stores, bars and restaurants and department stores. Retail Sales rose by 0.4%, lower than the 0.7% expected and down from the 0.5% gain in May. Re...
07/15/2013
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Steve Reed
Steve Reed Branch Manager | Benchmark Home Loans