The January 2010 Jobs Report May Lead Mortgage Rates And Home Prices Higher - 02/05/10 09:54 AM
On the first Friday of every month, the U.S. government releases its Non-Farm Payrolls data from the month prior. The data is more commonly known as "the jobs report" and it swings a big stick on Wall Street.
Especially now -- many analysts believe job growth is tightly linked to the future of the U.S. economy.
Therefore, when January's jobs report hits the wires at 8:45 AM ET tomorrow, home buyers would do well to pay attention. A net job reading that is much higher (or lower) than Wall Street's expectations can make a serious change in home affordability.
Wall Street … (0 comments)

Conserve More Energy With Motion-Sensored Light Switches - 02/02/10 10:58 AM
Courtesy of Black & Decker, energy-conscious homeowners now have another way to conserve natural resources.
Introducing the Lights Out Autoswitch, a 135-degree, motion-detecting device that turns the lights on when people enter a room, and subsequently turns them off after everyone has left.  The timer can be set at 1 minute, 5 minutes, 15 minutes, or 30 minutes. 
Use it in bedrooms, home offices, children's playrooms and anywhere else a person may leave the lights on.
Best of all, the device is easy to install.
The Lights Out Autoswitch runs on 3 AA batteries and slips right over an existing toggle … (2 comments)

Home Values Rose In November 2009 By Another 0.7 Percent - 02/02/10 10:57 AM

Reporting on a two-month lag, the government said home values rose 0.7 percent in November. 
National home prices are at their highest point since February 2009.
But before we look too much into the FHFA's Home Price Index, it's important that we're cognizant of its shortcomings; the most important of which is its lack of real-time reporting.
According to the National Association of Realtors™, 80% of purchases close within 60 days. As a result, because of its two-month delay, the Home Price Index report actually trails today's market data by an entire sales cycle.
This is one reason why home … (0 comments)

A Rate-Locking Strategy Ahead Of The Fed's Meeting Today - 02/02/10 10:56 AM
The Federal Open Market Committee ends a scheduled, 2-day meeting today in Washington. It's the first of 8 scheduled meetings for the policy-setting group in 2010.
The group adjourns at 2:15 PM ET.
As is customary, upon adjournment, the Fed will issue a press release to the markets recapping its views of the country's current economic condition, and the outlook for the near-term future.
The post-meeting statements from the Fed are brief but comprehensive. And Wall Street eats them up.  Every word, sentence and phrase is carefully dissected in the hope of gaining an investment edge over other active traders.
It's … (0 comments)

 

"Chip" Richard Esajian

Huntington Beach, CA

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Prudential California Realty

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