Is Another Housing Boom On The Way? From CNNMoney comes a very interesting and increasingly popular theory on the latest housing market recovery. Whether fact or fiction, the story definitely makes for a very interesting Friday morning converstion. In an article published by Chris Isidora at CNNMoney titled A New Housing Boom,the author states that some experts believe this emerging market recovery is not only for real this time, but will go from mild to extreme, reaching peak levels similar to our last housing boom by 2015.
Related: Housing Construction Grows By 15% in September Signs of a (4 comments)
As the first snow came to Steamboat Springs, Colorado late last week, so too did the Real Estate numbers. August was a mixed month for real estate in Steamboat Springs, Colorado with 138 transactions and $43.4 million in sales. Take a look at the Steamboat Springs Market Report for July 2012 for some additional comparisons. Year to date stats for dollar volume put us up by 4.27% and interval/fractional sales were also up, with 56 transactions occurring in August, but overall, year-to date transaction numbers were down (0 comments)
Mortgage Rates Fall To Record Lows Again As I sat browsing the internet a couple days ago while drinking my morning coffee, I came across the latest bit of big news to hit the real estate market. In an article posted to CNNMoney's website, Mortgage rates at record low, again, mortgage finance backer Freddie Mac's weekly survey of mortgage rates showed the average 30-year fixed-rate mortgage fell to 3.49% from 3.55% the previous week. That matched the previous record low set in July. The fixed-rate 15-year mortgage also reached a new record low of 2.77%, down from 2.85% a week (3 comments)