finance: 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)

finance: 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)

finance: Inside Lending...Market Update - 11/21/11 09:21 AM
Market Update
QUOTE OF THE WEEK…”Our greatest glory is not in never falling, but in rising every time we fall.”–Confucius
INFO THAT HITS US WHERE WE LIVE…Last week some observers felt there were signs home building may be starting to rise. October Housing Starts came in above expectations at a 628,000 unit annual rate. Off a mere 0.3% from the month before, starts are now up 16.5% versus a year ago. Single-family starts were up 3.9% in October, so the slight monthly decline was all from those very volatile multi-family units. Multi-family starts are actually up 88.6% over a year ago.
… (0 comments)

finance: Inside Lending: Past, Present and Future - 11/14/11 11:21 AM
QUOTE OF THE WEEK…”Life will always be to a large extent what we ourselves make it.”–Samuel Smiles, Scottish author and reformer
INFO THAT HITS US WHERE WE LIVE…Like life, the situation in the housing market depends on what we make of it. Last week, both options were covered in the latest quarterly report from the National Association of Realtors (NAR). The good option: home sales in Q3 rose in all 50 states and Washington, D.C. The negative: the median existing single-family home price rose in only 39 of 150 metro areas, declining in 111 of them. Yet the NAR chief economist … (0 comments)

finance: Inside Lending: Past, Present and Prediction - 09/28/11 10:30 AM
"Success is the maximum utilization of the ability that you have."--Zig Ziglar, American author and motivational speaker INFO THAT HITS US WHERE WE LIVE...To help the economy succeed, the Fed is certainly using its ability to the max. Coming out of the FOMC meeting Wednesday, the Fed announced "Operation Twist"--a strategy of selling its short-term securities to buy long-term bonds to drive down long term interest rates, especially for mortgages. This latest Fed effort to help the housing market is great news for anyone thinking of buying a home, as mortgage rates should stay very very low. Wednesday's other great news for … (0 comments)

finance: Inside Lending; past, present, projections - 09/12/11 12:04 PM
QUOTE OF THE WEEK…“The lure of thedistant and the difficult is deceptive. The great opportunity is where youare.”–John Burroughs, American naturalist and essayist
INFO THAT HITS US WHERE WE LIVE…The great opportunity now is for homebuyers to get a mortgage at an historically low rate. Freddie Macreported national average mortgage rates set new record lows last week.But according to most observers, buyers shouldn’t expect further ratedips. Lenders are seeing plenty of loan volume, so they don’t have to lowerpricing to get more activity.
Opportunity was also one of the themes in Fannie Mae’s August NationalHousing Survey, where 69% of Americans polled … (1 comments)

finance: Inside Lending - 09/06/11 10:51 AM
QUOTE OF THE WEEK..."Believing in progressdoes not mean believing that any progress has yet been made."--Franz KafkaINFO THAT HITS US WHERE WE LIVE...Major progress has yet to be made inthe housing recovery, but we can keep believing in it, since the dataisn't all negative. For example, Pending Homes Sales (contracts onexisting homes) were down 1.3% in July, but were UP 2.4% in June, so ExistingHome Sales should be up for August. In addition, July's reading was UP14.4% over last year. The National Association of Realtors chiefeconomist said, "rising rents, record high affordability conditions andinvestors buying real estate as a future inflation … (0 comments)

finance: Inside Lending, forcast and review - 08/29/11 10:34 AM
QUOTE OF THE WEEK…“In the middle ofdifficulty lies opportunity.”–Albert EinsteinINFO THAT HITS US WHERE WE LIVE…Last week’s “difficulty”for the housing market came from the news that New Home Sales dropped0.7% for July, to a 298,000 annual rate. They’ve been in this low rangesince May of last year, competing with existing homes selling at discounts. Butthere is opportunity. The inventory of new homes dropped to its lowest level onrecord. Equally encouraging, the new home median price is up 4.7% over ayear ago and the average price is up 8.0%.
Some analysts feel home sales this fall will be better than last, as … (0 comments)

finance: Inside Lending - 08/22/11 10:17 AM
This Week’s Forecast
NEW HOME SALES, Q2 GDP, CONSUMER FEELINGS...Observers expect Tuesday's New Home Sales numbers to hold for July, coming in just a tad below June. Weekly Initial Unemployment Claims should show a sign of hope, with that number forecast a little lower.
Friday, all eyes will be on the second estimate of Q2 GDP. Economists predict slightly less growth than originally expected. Final Michigan Consumer Sentiment for August should be at a subdued level. No surprise there. Finally, everyone should listen to Chairman Bernanke's comments at the Fed's Jackson Hole Conference.
INFO THAT HITS US WHERE WE LIVE...Ms. Schucman … (0 comments)

finance: 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)

finance: 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)

finance: 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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