fl: Fed Minutes Suggest New Economic Stimulus Next Week
- 12/06/11 03:45 AM
The Federal Open Market Committee released its November 2011 meeting minutes, revealing a Fed split on whether new stimulus is needed for the U.S. economy. The Fed Minutes is published 8 times annually, three weeks after each scheduled Federal Open Market Committee meeting. It's the official record of the meeting's policy-shaping debates and dialogues. The Fed Minutes is the lengthier companion piece to the FOMC's more well-known, post-meeting press release. As compared to press release which is concise and focused at 492 words, the Fed Minutes is comprehensive and broad, totalling 7,682 words over 11 pages, complete with charts. The November … (0 comments)
fl: How To Install A Dimmer Switch
- 12/05/11 01:45 AM
A Parkland and Coral Springs home's lighting accounts for 15 percent of its total energy consumption, a fact that's both costly to homeowners, and "un-green" to the environment. It's simple to reduce those effects, however -- all you need are dimmer switches. A modern dimmer switch works by rapidly opening and closing a light circuit, providing less energy to the bulb, and consuming less energy from the source. In this 2-minute video, you'll learn how to reduce your home's standard on/off lighting switches using dimmer switches. The dimmer-switch project is a do-it-yourself project and requires only basic handyman experience. First, determine … (1 comments)
fl: More Housing Strength : Pending Home Sales Surged In October
- 12/02/11 02:49 AM
If you're waiting for home prices to reach its bottom, you may have missed your window. After 3 consecutive months of easing, the Pending Home Sales Index jumped 10 percent in October, lending credence to the belief that housing is in recovery. The Pending Home Sales Index is a monthly publication from the National Association of REALTORS®. It measures the number of homes under contract to sell nationwide. October's reading is the highest for all of 2011, and the second-highest dating back to April 2010. April 2010 was the last month of the last year's federal home buyer tax credit. For … (0 comments)
fl: Case-Shiller Index: 17 Of 20 U.S. Housing Markets Slipped In September
- 11/30/11 01:57 AM
Standard & Poor's released its September 2011 Case-Shiller Index this week. The index tracks home price changes in select cities between months, quarters, and years. The Case-Shiller Index for September showed drastic devaluations nationwide. As compared to August, home values fell throughout 17 of the index's 20 tracked markets, led by Atlanta's 5.9% drop. On an annual basis, home values have now returned to early-2003 levels. That said, home buyers and sellers in the Parkland , Heron Bay , Parkland Isles , Parkland Reserve , Parkland Golf & Country Club area should be cautious when referencing the Case-Shiller Index. The index … (0 comments)
fl: New Home Supplies Fall To An 18-Month Low
- 11/29/11 01:27 AM
If you plan to buy new construction in FL sometime in 2012, don’t expect today’s low prices. Like everything in housing of late, the market for newly-built homes appears to be stabilizing and, in some markets, improving. As foreshadowed by this month’s strong Homebuilder Confidence survey, the Census Bureau reports that the number of new homes sold rose to a 6-month high in October, climbing to 307,000 units on a seasonally-adjusted, annualized basis. A “new home” is a home that is considered new construction. It’s the opposite of an “existing home”. Home buyers are comparing new construction to home resales … (2 comments)
fl: Foreclosure Filings Climbing; 4 States Account For Half Of Nationwide Activity
- 11/15/11 07:47 AM
Foreclosure Filings Climbing; 4 States Account For Half Of Nationwide Activity Foreclosed homes are a hot market throughout South FL — and supplies are ramping up. According to foreclosure-tracking firm RealtyTrac, October’s foreclosure filings rose 7 percent to 231,000 filings nationwide. A “foreclosure filing” is any one of the following foreclosure-related events : A default notice on a home; a scheduled auction for a home; or, a bank repossession of a home. Because of this definition, a single home can account for up to 3 foreclosure filings — one from each category. Because of this, we may glean more relevant insight into … (0 comments)
fl: Strong Job Growth In July Trumped By Credit Downgrade
- 08/16/11 10:19 AM
More Americans are getting back to work. The latest Non-Farm Payrolls survey from the Bureau of Labor Statistics shows that 117,000 net new jobs were created in July, thumping analyst estimates and surprising Wall Street investors. In addition, May and June’s originally-reported figures were both revised higher: May 2011 was revised higher by 28,000 jobs June 2011 was revised higher by 28,000 jobs The national Unemployment Rate slipped to 9.1 percent. The jobs report’s strong readings would typically be a boon to stock market and a threat to mortgage rates. This is because more employed Americans means more disposable income spent on … (0 comments)
The Federal Open Market Committee released its November 2011 meeting minutes, revealing a Fed split on whether new stimulus is needed for the U.S. economy. The Fed Minutes is published 8 times annually, three weeks after each scheduled Federal Open Market Committee meeting. It's the official record of the meeting's policy-shaping debates and dialogues. The Fed Minutes is the lengthier companion piece to the FOMC's more well-known, post-meeting press release. As compared to press release which is concise and focused at 492 words, the Fed Minutes is comprehensive and broad, totalling 7,682 words over 11 pages, complete with charts. The November … (0 comments)
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