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chief economist: Economy, Housing Market On Track For Growth - 05/01/12 12:18 PM
Freddie Mac’s most recent U.S. Economic and Housing Market Outlook says the labor market is on track for an increase in job growth this year and the economy and housing market continue to make progress. According to Freddie Mac’s outlook, unemployment should fall to 8.0 percent by the fourth quarter and major economic indicators such as retail sales and payroll performance should show continued improvement. Frank Nothaft, Freddie Mac’s vice president and chief economist, points to the fact that the unseasonably warm winter months are likely responsible for the volatility in current housing data and the pattern isn’t likely to continue … (1 comments)
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chief economist: Builder Confidence Slips For First Time In Seven Months - 04/16/12 09:54 PM
According to the National Association of Home Builders’ Housing Market Index, builder confidence slipped three points to 25 in April, the first decline after seven consecutive months of gains. The index measures builders’ perception of the market for newly built, single-family homes on a scale where any number below 50 indicates more builders view conditions as poor than good. David Crowe, NAHB’s chief economist, said the decline is a pause in what has been a fairly rapid build-up in confidence since last September. According to Crowe, despite increased interest from potential buyers, builders have yet to see that interest translate into … (0 comments)
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chief economist: Pending Home Sales Up 9.2 Percent From 2011 - 03/26/12 09:14 PM
According to the National Association of Realtors’ Pending Home Sales Index, contract signings were relatively flat in February, down 0.5 percent from January. But despite a slow month, pending home sales were 9.2 percent above February 2011. Lawrence Yun, NAR’s chief economist, said the spring home buying season looks bright due to elevated contract offers so far this year. According to Yun, if the level of current activity is sustained throughout the year, existing-home sales would reach their highest level in nearly five years. Regionally, the Midwest spiked 6.5 percent and is up nearly 20 percent over last year, though all … (0 comments)
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chief economist: Refinancing Homeowners Reduced Debt In Fourth Quarter - 02/07/12 12:23 AM
Freddie Mac recently released their fourth-quarter refinance analysis and it shows that 85 percent of homeowners who refinanced their mortgages during the fourth quarter of 2011 maintained or reduced their principal balance by paying-in additional money at the closing table. Frank Nothaft, Freddie Mac’s vice president and chief economist, said savvy homeowners are taking advantage of some of the lowest fixed-rates in more than 60 years to lock in interest savings. According to Nothaft, the typical borrower who refinanced during the fourth quarter reduced their interest rate by approximately 1.4 percentage points. During the fourth quarter, 37 percent of homeowners who … (0 comments)
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chief economist: Americans’ View Of Economy, Housing Takes Positive Turn - 01/10/12 12:17 AM
For the first time in nearly a year, more Americans say they expect their financial situation to improve over the next 12 months than say it’ll stay the same. Fannie Mae’s Monthly National Housing Survey shows an increasingly positive attitude toward the housing market and the broader economy among surveyed Americans. The results of the survey found a six percent jump in the number of people who say the economy is on the right track and a four percent spike in the number of participants who expect home prices to increase in the next year. Doug Duncan, vice president and chief … (1 comments)
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chief economist: Improvement Forecast for Housing Market in 2012 - 11/14/11 10:25 PM
According to Lawrence Yun, chief economist for the National Association of Realtors, the best affordability conditions since 1970 combined with a significant level of pent-up demand will lead to an improvement in home sales and the overall housing market in 2012. Yun believes existing-home sales will rise nearly five percent next year and new-home sales, which have been hurt by excess inventory of previously owned homes, will increase 23 percent. Increasing sales and falling inventory should positively effect home prices, which Yun believes will rise in 2012. Yun said home prices have shown a definitive stabilization pattern in most … (0 comments)
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Jan Delimont, Principal Broker
Coos Bay,
OR
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Prudential Seaboard Properties
Address: 556 N. Bayshore Drive, Coos Bay, OR, 97420
Office Phone: (541) 269-0355
Cell Phone: (541) 290-1850
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Looking to buy or sell a home in Coos Bay, Charleston, North Bend, Telegraph Hill, Simpson Heights, Lakeside, Bandon or Coquille, Oregon? Jan Delimont (541-290-1850) is just the person to help you out. Licensed in Oregon
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