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The New Home Supply Falls To 5.6 Months - 02/28/12 12:56 PM
Foreshadowed by February's Homebuilder Confidence survey, which rose to a 4-year high, the Census Bureau reports new homes are selling more quickly than builders have built them, lowering the national "home supply" to levels not seen since 2006.
A "new home" is a home that is considered new construction and, at the current pace of sales, the nation's entire new home inventory of 151,000 homes would be sold in 5.6 months.
Anything less than 6.0-month supply is thought to connote a "sellers' market".
321,000 new homes were sold last month on a seasonally-adjusted, annualized basis. 7 of 10 new homes sold for less … (0 comments)
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Home Foreclosure Filings Down 19 Percent In One Year - 02/27/12 09:53 AM
Home Foreclosure filings fell 19 percent last month versus one year ago, says foreclosure-tracking firm RealtyTrac. It's yet one more signal that the U.S. housing market may have already climbed off its bottom.
According to Realty Trac, a "foreclosure filing" is any one of the following foreclosure-related events : (1) A default notice on a home; (2) A scheduled auction for a home; or, (3) A bank repossession of a home.
In looking at the January, 2012 figures :
Default Notices were down 22% from January 2011 Scheduled Auctions were down 19% from January 2011 Bank Repossessions were down 15% from January 2011 On … (0 comments)
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Retail Sales And Consumer Confidence Rising, Home Prices Are Expected To Follow - 02/15/12 06:30 PM
According to the Census Bureau, Retail Sales climbed to $329 billion last month on a seasonally-adjusted basis, excluding automobiles. January's data marks the 18th time in 19 months that Retail Sales rose, a run that's increased total sales receipts by 11 percent.
In a separate, joint report from the University of Michigan and Thompson Reuters, it was shown that consumer attitudes toward the economy and the future are improving, primarily the result of recent job gains.
The Survey of Consumers posted its highest value in 12 months.
It is not a coincidence that Retail Sales and consumer confidence both made multi-month highs … (2 comments)
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Rancho Mirage Homes For Sale - New Listings - 02/13/12 02:57 PM
If you would like to see any of the properties listed below which are new listings this week for Rancho Mirage Real Estate , please call us at the numbers below. Were committed to helping you find the home of your dreams.
Elaine Stewart has been in the Real Estate Business for over 20 years and has extensive experience in the Palm Springs, and surrounding cities Real Estate market. Elaine truly enjoys helping people in the process of buying or selling a home.
Elaine Stewart - Remax Real Estate Consultants Mobile: (760) 668-2399 - Office: (760) 391-4415 … (1 comments)
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Palm Desert Real Estate, Homes For Sale - 02/12/12 10:57 PM
If you would like to see any of the properties listed below which are new listings this week for Palm Desert Real Estate , please call us at the numbers below. Were committed to helping you find the home of your dreams.
Elaine Stewart has been a Real Estate Business for over 15 years and has extensive experience in the Palm Springs, and surrounding cities Real Estate market, Elaine truly enjoys helping people in the process of buying or selling a home.
Elaine Stewart - Remax Real Estate Consultants Mobile: (760) 668-2399 - Office: (760) 391-4415 Email: … (0 comments)
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Revamped HARP : Unlimited Loan-to-Value And Same Great Rates - 02/10/12 09:04 PM
The government's new, revamped HARP program is 6 weeks from release. Homeowners in CA and nationwide are gearing up to refinance.
HARP is an acronym. It stands for Home Affordable Refinance Program. HARP is the government's loan product for "underwater homeowners". HARP makes current mortgage rates available to households which would otherwise be unable to refinance because the home lacks equity.
This is a big deal -- especially today. Mortgage rates are at an all-time low and millions of U.S. homeowners have been unable to take advantage. HARP aims to change that.
HARP originally launched in 2009. Its first iteration failed to … (2 comments)
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Boost Your Credit Score For Better Mortgage Rates - 02/10/12 02:05 AM
Credit scores play a huge role in today's mortgage market -- larger than at any time in recent history. Blame it on the high default rates of the last half-decade. Lenders are reserving their lowest rates for the customers most likely to make on-time repayments.
Mortgage rates are at an all-time low in CA. However, the low rates you see advertised on TV and online are only available to the home buyers and would-be refinancers whose credit scores are pristine. Having a high credit score is often the difference between getting "the best rates" from your lender, and getting something worse.
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Federal Tax Deadline Extended To April 17, 2012 - 02/08/12 06:58 PM
Traditionally, federal income taxes must be filed with the IRS on, or before, April 15 each year. The date has become such a part of U.S. culture that many people simply call it "Tax Day".
This year, however, for the 3rd time in 7 years, your federal income taxes will not be due April 15. Instead, because of a combination of the calendar, a holiday, and tax law, Tax Day 2012 is delayed until Tuesday, April 17.
You will have two extra days to prepare and file your federal income taxes this year.
Here's why.
First, April 15 is a Sunday and all … (15 comments)
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Sun City Palm Desert CA - 02/07/12 09:51 PM
If you would like to see property for sale in Sun City Palm Desert , please call us at the numbers below. Were committed to helping you find the home of your dreams.
Elaine Stewart has been a Real Estate Business for over 15 years and has extensive experience in the Palm Springs, and surrounding cities Real Estate market, Elaine truly enjoys helping people in the process of buying or selling a home. Elaine Stewart - Remax Real Estate Consultants Mobile: (760) 668-2399 - Office: (760) 391-4415 Email: desertrealestate1@yahoo.com
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Mira Vista Rancho Mirage CA - 02/07/12 09:44 PM
If you would like to see any of the properties listed below which are homes for sale in Mira Vista , please call us at the numbers below. Were committed to helping you find the home of your dreams.
Elaine Stewart has been a Real Estate Business for over 15 years and has extensive experience in the Palm Springs, and surrounding cities Real Estate market, Elaine truly enjoys helping people in the process of buying or selling a home.
Elaine Stewart - Remax Real Estate Consultants Mobile: (760) 668-2399 - Office: (760) 391-4415 Email: desertrealestate1@yahoo.com
… (0 comments)
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Palm Springs Luxury Home Foreclosures - 02/07/12 09:36 PM
If you would like to see any of the properties listed below which are Palm Springs Foreclosures , please call us at the numbers below. Were committed to helping you find the home of your dreams.
Elaine Stewart has been a Real Estate Business for over 15 years and has extensive experience in the Palm Springs, and surrounding cities Real Estate market, Elaine truly enjoys helping people in the process of buying or selling a home.
Elaine Stewart - Remax Real Estate Consultants Mobile: (760) 668-2399 - Office: (760) 391-4415 Email: desertrealestate1@yahoo.com
… (2 comments)
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Lock An Instant 13% Savings On Your Monthly Mortgage Payment - 02/07/12 09:33 PM
Falling mortgage rates make owning a home more affordable. Mortgage rates are directly tied to monthly mortgage payment so as mortgage rates drop, so does the cost of home-ownership.
It's a money-saving time to buy a home in Palm Springs -- or to refinance one. Mortgage rates have never been this low in history.
According to Freddie Mac, last week, the average 30-year fixed rate mortgage fell to 3.87% nationwide for borrowers willing to pay an accompanying 0.8 discount points plus closing costs. 0.8 discount points is a one-time closing cost equal to 0.8 percent of your loan size, or $800 … (0 comments)
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Top 10 Low Pass Flybys of All Time - 02/07/12 09:23 PM
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Elaine Stewart, Palm Springs Real Estate
Palm Springs,
CA
More about me…
Remax Real Estate Consultants - Remax Hall of Fame #00169846
Address: Palm Springs, CA, 92262
Office Phone: (760) 668-2399
Cell Phone: (760) 668-2399
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