new homes: Housing Starts...and Incentives? - 06/19/07 03:05 PM
"The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for June reported that builders' confidence in the market reached the lowest point in over 25 years." See link below. No big surprise, since the housing market is causing a lot of anxiety. Additionally, the current mortgage market is contributing … (1 comments)
new homes: More Bad News for Mortgages - 06/12/07 04:00 PM
From the AP: "Shares of banks declined along with the broader markets Tuesday, as concerns flared again that higher Treasury note yields could cause the Federal Reserve to raise interest rates. Higher interest rates could make it more expensive for both individuals and business to borrow money, reducing activity from mortgages … (0 comments)
new homes: Housing Slump Expected to Continue - 06/06/07 02:47 PM
Since I work with builders and developers regularly, the "predictions" on the housing market (for what they're worth) are always of interest. Fed Chief Bernanke is now saying that the housing slump will last longer than previously thought, but that the slump is easing. In fact, just yesterday BusinessWeek.com reported Bernanke as saying … (0 comments)
new homes: MUST SEE VIDEO (news, not solicitation) - 05/30/07 01:17 PM
If you're interested in the housing market (aka "slump"), you should watch this video. The prediction from David Seiders of the National Association of Home Builders is that the home construction bust may last until 2011!Here's the link: http://player.clipsyndicate.com/main/player?playlist_id=156&clip_id=668810&cpt=8&Also from the video, the reporter stated that the number of unsold homes … (4 comments)
new homes: Weekend News - 05/25/07 05:13 PM
It's safe to say, heading into the weekend, that the housing and mortgage markets are still in disarray. As reported by Reuters, mortgage apps are up. Good news, right? Not so fast...the news comes with this caveat: "borrowers are having a tougher time getting mortgages and lenders have tightened up underwriting … (0 comments)
new homes: By The Numbers - 05/25/07 10:57 AM
Two interesting stats were reported yesterday and today regarding new home sales and existing home sales. For new home sales, numbers jumped by 16.2 percent...but prices dropped significantly. For existing home sales, the numbers fell by 2.6 percent last month AND prices fell by .08 percent from a year ago. I … (2 comments)
Business advice and useful information. Not always "on point" with mortgage lending or real estate...but that's BIG business, and knowing how to operate effectively is critical to success.
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"The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for June reported that builders' confidence in the market reached the lowest point in over 25 years." See link below. No big surprise, since the housing market is causing a lot of anxiety. Additionally, the current mortgage market is contributing … (1 comments)
