ARCHIVED BLOG POSTS
2012
According the National Association of REALTORS® (NAR), the Pending Home Sales Index rose 5.2 percent in October, crossing the benchmark 100 reading, and moving to 104.8. It's a 5-point improvement from September's revised figure and the highest reading April 2010 -- the last month of that year's ...
11/30/2012
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According to the Commerce Department, New Home Sales slipped 1,000 unitslast month, falling to 368,000 units on a seasonally-adjusted, annualized basis. The final reading fell short of Wall Street expectations, and the government revised downward its initial findings from August and September by...
11/29/2012
According to the S&P/Case-Shiller Index, which was released earlier this week, U.S. home prices rose in September for the sixth straight month, climbing 0.3%as compared to the month prior. On an annual basis, values are higher by 3.0%. The Case-Shiller Index findings are a composite reading of 20...
11/28/2012
As a home buyer or refinancing household in Burlingame , you have choices with respect to your mortgage. You can choose a loan with accompanying discount points in exchange for lower mortgage rates; you can choose adjustable-rate loans over fixed rate ones; and, you can choose loans with principa...
11/27/2012
When Burlingame homeowners get ready to list, advice will often come from all corners of their personal and social network -- what within the home to upgrade; what to repair; what to replace. And, although some advice remains valuable, much of it can be ignored. The costs of an expensive upgrade ...
11/26/2012
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The National Association of Home Builders (NAHB) released its Housing Market Index (HMI) Tuesday, which showed sharp, 5-point increase to 46 for November 2012, marking the seventh consecutive monthly gain for the HMI, and lifting the index to its highest point since May 2006. Readings under 50 in...
11/20/2012
The Federal Reserve released its October Federal Open Market Committee (FOMC) meeting minutes last week, revealing a Fed in disagreement about the future of the U.S. economy and about what, if any, stimulus may be warranted in the next 12 months. The "Fed Minutes" recaps the conversations and deb...
11/19/2012
According to data from RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings increased 3 percentin October as compared to September 2012, climbing to 186,455 U.S. properties. RealtyTrac defines a "foreclosure filing" as any foreclosure-related action including a Noti...
11/16/2012
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For homeowners who keep a garden, with the change of seasons comes a task list. There are basic tasks for gardeners -- for example, raking the leaves, sharpening your tools. And, there are advanced tasks, too, which includes identifying and removing plants and trees which may be dead, and coverin...
11/15/2012
According to the Federal Reserve's quarterly Senior Loan Officer Survey, it's getting easier to get approved for a home loan. Between July - September 2012, fewer than 6% of banks tightened mortgage guidelines -- the fourth straight quarter that's happened-- and roughly 10% of banks actually loos...
11/14/2012
Rainmaker
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Michael Haigh
Production Manager/Top Producing Sr. Loan Officer