Existing Home Sales continued their upward climb in January. This is the fourth month in a row where we have seen month-over-month gains in the number of units sold. The National Association of Realtors reported that sales rose 2.7% from December. Also, the inventory levels decreased again:
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02/28/2011
As a lending professional, I have an opportunity to meet lots of Realtors®. The NAR® report says 70% of buyers work with the first Realtor® they meet. I am not sure that is the best situation. Now I know several Realtors® that if that were to happen, the consumer would be really well taken car
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02/21/2011
If consumer spending is a keystone element in the U.S. economic recovery, a full-on rebound is likely underway. Tuesday, the Census Bureau released its national January Retail Sales figures and, for the seventh straight month, the data surpassed expectations. Last month's retail figures climbed 0
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02/15/2011
If your ARM is due to adjust this spring, your best move may be to allow it. Don't rush to refinance - your rate may be adjusting lower. It's because of how adjusted mortgage rates are calculated. First, let's look at the lifecycle of a conventional, adjustable rate mortgage: There's a "starter p
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02/08/2011
Another day, another strong report for housing. The Pending Home Sales Index climbed 2 percent in December, according to the National Association of REALTORS®. A "pending home sale" is an existing home under contract to sell, but not yet closed. The Nationwide Pending Home Sales figures are up fo
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02/01/2011