ARCHIVED BLOG POSTS
2011
Earlier today, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The vote was 10-0 -- the third straight meeting after which the FOMC vote was unanimous. In its press release, the FOMC noted that since its March 2...
04/27/2011
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After posting an all-time low in February, New Home Sales rebounded strongly last month. Based on joint research from the Census Bureau and HUD, 300,000 new, single-family homes were sold on a seasonally-adjusted, annualized basis in March. It's an 11 percent improvement from February, and right ...
04/27/2011
The Federal Open Market Committee starts a two-day meeting today, the third of its 8 scheduled meetings this year. The FOMC is a special, 12-person committee within the Federal Reserve. It's led by Fed Chairman Ben Bernanke and the group is responsible for voting on our nation's monetary policy....
04/27/2011
Credit scores are often used in determining prices for auto and homeowners insurance. Employers have also begun using the scores as part of background checks when making hiring decisions. The practice of using credit scores in nontraditional ways is expanding. It’s more important than ever to ed...
04/25/2011
Mortgage markets improved slightly through last week's holiday-shortened trading sessions. Better-than-expected housing data led mortgage rates higher Tuesday and Wednesday, but rates retreated Thursday morning in advance of Good Friday. Markets were closed Thursday afternoon and Friday. They re-...
04/25/2011
Home resales rose 4 percent last month, according to the March Existing Home Sales report. A total of 5.1 million homes were sold on an annualized, seasonally-adjusted basis. The strong results re-establish the national, long-term trend toward rising home resales. March marked the 6th month out o...
04/21/2011
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According to the Census Bureau, seasonally-adjusted, single-family Housing Starts rebounded in March, increasing 8 percent over February's 2-year low. We can't put too much faith in the data, however, because for the second straight month, the government reports that the data's margin of error --...
04/21/2011
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Jahan Zandi from Prudential California Realty has a fabulous South San francisco home for sale! Pride of ownership. 1st time on the market. Large and light 4 bedrooms/3 baths with fabulous views of the bay. Meticulously cared for, it is in move in condition. Balcony off of livingroom for cool ...
04/18/2011
The Michael Haigh Team at W.J. Bradley is proud to announce that it has been awarded the honorable recognition of being an "Accredited Business" by the Better Business Bureau of California! This is very exciting, as BBB accreditation is a coveted honor earned only by elite businesses that adhere...
04/15/2011
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Foreclosure activity is much slower this year than last. According to foreclosure-tracking firm RealtyTrac, the number of national foreclosure filings plunged 35 percent in March 2011 as compared to March 2010, a statistic that reflects a more healthy housing market and more robust outlook for 20...
04/15/2011
Rainmaker
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Michael Haigh
Production Manager/Top Producing Sr. Loan Officer