Fantastic!! New Home Sales Reach 8-Month High - 01/28/11 12:54 PM
Sales of new homes rose sharply in December, posting a 17.5 percent gain from the month prior.
According to the Department of Housing and Urban Development, New Home Sales climbed to 329,000 in December, besting November by close to 50,000 units on a seasonally-adjusted annual basis.
Last month's reading is an 8-month high for New Home Sales, and the latest in a series of signals that housing is improving in Meridian and around the country.
Note that December's Existing Homes Sales and Building Permits reports also showed marked gains last month, climbing 12 percent and 6 percent, respectively.
Furthermore, an interesting pattern is … (0 comments)

Building Permits Surge In December; Signals A Strong Spring Housing Market - 01/20/11 01:45 PM
Each month, in conjunction with the Department of Housing and Urban Development, the Census Bureau releases its New Residential Construction report. The report is comprised of several sections, one of which counts the number of homes that have "broken ground" in Idaho and nationwide.
They're called "Housing Starts" and, by most measures, they faded quickly as 2010 came to a close.
According to the Census Bureau's report, Housing Starts of single-family homes fell to 417,000 units on a seasonally-adjusted, annual basis. The figure marks a 9 percent drop-off from November, and is the lowest reading since May 2009.
Not surprisingly, the press … (2 comments)

Mortgage Rates Dip, Retail Sales Weak In December - 01/17/11 03:06 PM
Consumers keep spending, the economy keeps growing.
Mortgage rates are improving this morning on just-released, slightly worse-than-expected Retail Sales data from December 2010.
Excluding motor vehicles and auto parts, December's sales receipts were $1.5 billion higher from November. Analysts had expected a number north of $2 billion.
Despite falling short of estimates, however, December's reading is the highest in Retail Sales history, surpassing the previous record set in July 2008, set during the recession. In addition, December's strong numbers helped 2010's year-over-year numbers go positive for the first time in 3 years.
Although the data is a mixed bag for Wall Street, home … (0 comments)

Mortgage Rates Dip, Retail Sales Weak In December - 01/14/11 06:25 PM
Consumers keep spending, the economy keeps growing.
Mortgage rates are improving this morning on just-released, slightly worse-than-expected Retail Sales data from December 2010.
Excluding motor vehicles and auto parts, December's sales receipts were $1.5 billion higher from November. Analysts had expected a number north of $2 billion.
Despite falling short of estimates, however, December's reading is the highest in Retail Sales history, surpassing the previous record set in July 2008, set during the recession. In addition, December's strong numbers helped 2010′s year-over-year numbers go positive for the first time in 3 years.
Although the data is a mixed bag for Wall Street, home … (0 comments)

Yes Virginia...there is a Santa Claus...and other reasons to give thanks. - 01/12/11 01:08 PM
By Marc Lebowitz, Executive Director ACAR
December sales in Ada County were 518. That's an increase from December '09 of 19%. This is the first year over year increase since June; and is the highest number of unit sales since the same month!  Year-To-Date '10 is now 5,891; an increase of 7.7% over 2009. I told you we could do it!
Just in case you forgot the impact of real estate sales on our economy...through the end of December we are nearly $1.1 billion in total sales. That's $23 million more than we sold in all of 2009; with a 8% … (0 comments)

Pending Home Sales Rises To 6-Month High - 01/04/11 02:57 PM
The housing market continues to expand, and surprise. According to the National Association of REALTORS®, November's Pending Home Sales Index gained 3 percent from October. A "pending home sale" is a home under contract but not yet closed. The index is now at its highest point since April 2010's federal tax credit contract expiration deadline.
If the tax credit really did "borrow" sales from the summer months, as has been theorized, housing has rebuilt its foundation. 
We know this because, of all the housing data available to Eagle  homeowners and home buyers, the Pending Home Sales Index stands apart as a forward-looking … (0 comments)

Mortgage Rates for Boise Idaho This Week: January 3, 2011 - 01/04/11 02:29 PM
Mortgage markets improved last week during a snow- and holiday-thinned series of sessions on Wall Street. Mortgage bonds improved on year-end profit-taking, mostly, leading conforming mortgage rates in Idaho lower.
Last week marked the first calendar week in which mortgage rates dropped since early-November, a pleasing development for rate shoppers and home buyers.Falling rates means lower monthly mortgage payments.
But don't expect for rates to improve again this week, however. Last week's gains were the result of extremely low trading volume and a close-out of 2010 mortgage bond positions. With markets re-opened for 2011, and Wall Street back at full volume, … (0 comments)

 
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Dean Tucker (Mortgage Banker)

Boise, ID

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Dean Tucker Benchmark Mortgage - Prime Equity Group

Address: 2535 W State Street, Boise, ID, 83702

Office Phone: (208) 287-1717

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