12/26/2011 Inside Lending - 12/27/11 11:34 AM
QUOTE OF THE WEEK..."...never retreat, never retract...never admit a mistake."--Napoleon Bonaparte INFO THAT HITS US WHERE WE LIVE...Wisely, the National Association of Realtors (NAR) did not follow the diminutive Emperor's advice last week, admitting they uncovered some mistakes in the statistical model used to estimate national Existing Home Sales the past few years. They therefore had to revise those sales down 14%, to a 4.42 million annual rate in November. Nevertheless, Existing Home sales were UP 4% for the month and UP 12% versus a year ago. And the inventory is down 18% versus last year, now at a 7 months' supply! In … (1 comments)

Inside Lending---12/19/2011 - 12/19/11 10:12 AM
QUOTE OF THE WEEK..."Do what you can with what you have where you are."--Theodore Roosevelt INFO THAT HITS US WHERE WE LIVE...The famous President's sage advice from a century ago is still the appropriate approach to today's housing market. In the midst of all the media noise, it's always good to check what we do have and where we really are. For example, the Census Bureau reported that although the median sale price of new homes in October was down 15% over the last five years, it's actually up 26% over the last ten. More evidence that housing still is a good … (0 comments)

Financial Check Up - 12/14/11 10:38 AM
YOUR END-OF-THE-YEAR FINANCIAL CHECK-UPS
Now is the right time to take a look at a few financial matters:
1. Review health and dental care choices. Many employers allow you to make changes to your benefit plans now. Check with doctors and dentists to make sure they’re still in your plan’s preferred provider network and that your family has adequate coverage.
2. Review use-or-lose accounts. Pretax Flexible Spending Accounts (FSAs) are set up this way. Review your plan to see if you have some spending to do, or if your employer offers a grace period. Even then, make sure 2011 expenses are … (0 comments)

Inside Lending 12/5/2011 - 12/05/11 09:35 AM
Market Update  QUOTE OF THE WEEK..."Motivation is the art of getting people to do what you want them to do because they want to do it."--Dwight D. Eisenhower INFO THAT HITS US WHERE WE LIVE...Enough people were motivated to buy new homes in October to push monthly sales up 1.3% to a 307,000 annual rate. Even better, the motivation was strong enough to send the median price to $212,300, UP 4% over a year ago. Going forward, what should motivate everyone is that the supply of new homes fell to 6.3 months. Nonetheless, new home sales need to get to an … (2 comments)

 
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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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