Market Update - 07/25/11 10:30 AM
INFO THAT HITS US WHERE WE LIVE...Last week included both problems and progress in the housing market. Getting the probs out of the way, June Existing Home Sales came in down 0.8% versus May, to an annual rate still below 5 million units, lifting the months' supply to 9.5. But all the sales decline was from condos and coops, single-family sales staying the same. We appear to be bouncing along a bottom, as the median price of an existing home rose for the month and is now up 0.8% from last year. Average prices are up 2.7% versus a year ago.But … (0 comments)

Inside Lending - 07/20/11 03:07 PM
Review of Last Week
DEBT WORRIES WOBBLE STOCKS...The word of the week was "debt" as investors worried about both Italy's sovereign debt problems and the inability of the politicians in Washington to get to agreement on raising the U.S. debt ceiling. With these uncertainties, stocks wobbled off their high perch and all three indexes sank for the week, the broad-based S&P 500 down 2%. The FOMC Minutes from the Fed's last meeting revealed a divided committee. Some officials feel the central bank "might have to consider providing additional monetary stimulus" if the recovery remains slow. Others think inflation threats could cause … (0 comments)

Home & Wealth - 07/13/11 12:00 PM
WITH HOME FIXES, SAFETY FIRST!More and more people are doing their own home upgrades. Here's how to be safe:1. Always wear safety glasses.2. Wear earplugs if it's noisy.3. When spraying paint or herbicides or installing insulation, cover up head to toe and wear a respirator. 4. The 4-to-1 rule with ladders-for every 4' of height, place ladder bottom 1' away-and don't stand above the third rung from the top. 5. Store power tools, other sharp tools and paints and dangerous materials on high shelves or in a locked cabinet, out of a child's reach. 6. Don't rush. Be especially careful with power … (0 comments)

Inside Lending - 07/11/11 09:34 AM
INFO THAT HITS US WHERE WE LIVE...It finally appears seeds are being planted for a housing recovery. Fannie Mae's monthly survey reported that Americans expect home prices to drop just 0.5% in the next year. Some reported this as a negative because a 0.7% price gain was expected last month. But other analysts see this as a bottom, and those surveyed agree, as the majority (69%) believe it's a good time to buy a home. A MacroMarkets LLC study echoed this. More than 50% of the economists, real estate experts and investment strategists polled said they expect a bottom for national home … (1 comments)

 
Carly Companion (Academy Mortgage NMLS 180670)

Carly Companion

Burlington, VT

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Academy Mortgage NMLS 180670

Address: 401 Water Tower Cicle, Colchester, VT, 05446

Office Phone: (802) 598-1880

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Details and Predictions about the financial markets, what to look for in the coming weeks and a review of the past week. Learn about how our markets affect our rates and our housing markets.


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