ARCHIVED BLOG POSTS
2012
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The Conference Board Consumer Confidence Index increased in February. The Index now stands at 70.8 (1985=100), up from 61.5 in January. The Present Situation Index increased to 45 from 38.8. The Expectations Index rose to 88 from 76.7 in January.Consumers’ assessment of current conditions was mor...
02/29/2012
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Inventory of new homes on the market shrank to its lowest point on record in January, marking a 5.6-month supply at the current sales pace, the Commerce Department reports. With fewer homes available, the price of new homes increased slightly last month. The median price for a new home ticked up ...
02/27/2012
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Home sales may get a boost from the rising prices occurring in the rental market, which is making it cheaper to own rather than rent in a growing number of cities. “We might see a spring season better than the numbers are predicting," Jay Brinkmann, the Mortgage Bankers Association's chief econom...
02/24/2012
Existing-home sales rose 4.3 percent in January to a seasonally adjusted annual rate of 4.57 million, marking the third gain for home sales in the last four months, the National Association of REALTORS® reports. “The uptrend in home sales is in line with all of the underlying fundamentals – pent-...
02/23/2012
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With interest rates at historically low levels, many borrowers are finding value with a reliable fixed-rate mortgage. However, borrowers who think they could be relocating in the near future, or need to shore up savings, might want to consider what some regard as the next best thing: An adjustabl...
02/23/2012
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02/10/2012
CALL Now to Visit or Make an Offer CALL: 408-203-3596www.GevonPolgar.com Gevon Polgar | Klemm Real Estate | (408) 203-3596 1485 Montauban Ct, Tracy, CA Absolutely Grogeous Home! Must See! Pool! 5BR/5BA Single Family House offered at $455,000 Year Built 2005 Sq Footage 3,716 Bedrooms 5 Bathr...
02/10/2012
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30-Year Mortgage Rates Hold at Record Lows The 30-year fixed-rate mortgage averaged 3.87 percent this week, matching last week’s all-time record low. As for other rates, they ticked up slightly this week, but still hovered around record lows compared to historical standards, Freddie Mac reports i...
02/10/2012
What You Need to Know About the Mortgage Settlement A settlement announced this week among state and federal officials and the nation’s five largest banks is the largest joint state-federal settlement in history against an industry. The settlement, which amounts to somewhere between $25 billion a...
02/10/2012
$26 Billion Deal Could Offer Relief to Home Owners After months of tense negotiations, the nation’s five largest banks and state and government officials have agreed to a $26 billion settlement aimed at holding banks accountable for the mishandling of some foreclosures. The settlement is expected...
02/09/2012