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real estate: Ada County December Real Estate Market Report is in…and it looks pretty darn good - 01/18/12 03:52 PM
By: Marc Lebowitz, Executive Officer, ACAR (Ada County (Idaho) Association of Realtors)
2011 December sales were 477 in Ada County, a decrease of 9% over December 2010.
Total sales for 2011 are 6,299; up 7% over 2010. In July of 2011, we exceeded YTD 2010 sales for the first time in 2011. This is our first year-over-year increase, without influence of the home buyer tax credit, in a few years. This is our first time crossing the 6,000 homes sold threshold since 2007…how long ago that seems!
December sales decreased 3% from November’s 487. Historically, December sales decrease from November.
Of … (0 comments)
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real estate: Real Estate and Mortgage Predictions for 2011 - 12/29/10 12:36 PM
With 2010 coming to a close, the "experts" are out in full force, making predictions for next year's housing and mortgage markets on business television and in the papers.
Predictions for 2011 are wide-ranging:
Some say home prices will rise in 2011 Some say home prices will fall in 2011 Some say mortgage rates will rise in 2011 Some say mortgage rates will fall in 2011 The problem with housing and mortgage predictions is that -- like all predictions -- they're just educated guesses about the future. Nobody knows what will really happen with the housing and mortgage markets in 2011. … (0 comments)
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real estate: U.S. Economy: Growth Jumps 5.7%, Fastest Pace in Six Years - 01/29/10 06:07 PM
The U.S. economy expanded in the fourth quarter at the fastest pace in six years as factories cranked up assembly lines, indicating the recovery may be strong enough to be weaned from government support.
The 5.7 percent increase in gross domestic product at an annual rate reported by the Commerce Department in Washington today exceeded the 4.8 percent median forecast of economists surveyed by Bloomberg News. Separate reports showed consumer sentiment and a barometer of business activity rose more than forecast in January.
The dollar rallied as the data signaled the momentum generated by the world's largest economy last quarter will … (1 comments)
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real estate: Some Fed officials conflicted on mortgage-buying program - 01/12/10 04:04 PM
Some Federal Reserve policymakers last month were conflicted over whether to expand or cut back a program intended to drive down mortgage rates and bolster the housing market, according to a document released Wednesday.
Minutes of the Fed's closed-door meeting on Dec. 15-16 revealed that a "few members" thought that the Fed's $1.25 trillion program to buy mortgage securities from Fannie Mae and Freddie Mac might need to be expanded and extended beyond its current end date of March 31. Such an additional dose of stimulus would be especially needed if the economic recovery were to weaken, they argued.
However, one … (0 comments)
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real estate: Mountain Monitor: Tracking Economic Recession and Recovery in the Intermountain West's (Boise, Phoenix, Las Vegas)Metropolitan Areas - 12/21/09 10:52 AM
December 15, 2009 (The Bookings Institute) - Nationwide, the recession is technically over. Or at least that is the view of most economists. They note that real U.S. gross domestic product (GDP) finally expanded in the third quarter of 2009, growing at a 2.8 percent annual rate after four consecutive quarters of contraction. They point to a significant slowing of job losses in November, rising housing prices, and a slight downtick in unemployment as other positive signs. Their conclusion: Economic recovery is at last underway.
And yet, the pace of renewal seems tentative and its geography patchy. Most notably, the aggregate … (1 comments)
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Dean Tucker (Mortgage Banker)
Boise,
ID
More about me…
Dean Tucker Benchmark Mortgage - Prime Equity Group
Address: 2535 W State Street, Boise, ID, 83702
Office Phone: (208) 287-1717
Email Me
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