Case-Shiller index shows third month of home-price increases - 08/30/11 04:04 PM
Home prices in major U.S. cities increased in June for the third consecutive month, according to a closely watched index. But such upticks are often seasonal and home prices could begin declining again if demand remains weak. The Standard & Poor's/Case-Shiller index of home prices in 20 metropolitan areas rose 1.1% from May to June when left unadjusted for seasonal variations. Prices often rise in spring and summer because of changes in the types of homes selling: Foreclosures make up a higher proportion of sales during the winter as families take a break from home shopping and cash-rich investors dominate the … (0 comments)

Fitch Affirms U.S. Triple-A Rating - 08/16/11 01:31 PM
Fitch Ratings said it was keeping the United States' long-term credit rating at AAA with a stable outlook, less than two weeks after Standard & Poor's downgraded the U.S. "The affirmation of the US 'AAA' sovereign rating reflects the fact that the key pillars of US's exceptional credit-worthiness remains intact: Its pivotal role in the global financial system and the flexible, diversified and wealthy economy that provides its revenue base," Fitch said in a statement." -- Reuters … (0 comments)

Stocks and Bonds "Tug and Pull" - 08/10/11 02:51 PM
Three recent factors creating considerable volatility or the “tug and pull” in both the stock and bond markets, which affects mortgage rates: 1. The downgrade of the US Treasury bonds creates uncertainty and added risk for investors. Investors will require a higher return for the added risk. The price of the US Treasury bonds will have to come down to attract investors. When the price of bonds goes down, then the return or interest goes up. Since mortgage bonds compete with US Treasury bonds, the price of mortgage bonds will come down, which will cause interest rates to tick upward. 2. … (1 comments)

U.S. Debt Downgrade: Impact on Real Estate - 08/09/11 01:00 PM
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"I don’t get it. It doesn’t make sense. In Omaha, the U.S. is still Triple-A rated and if there were a Quadruple-A I’d give the U.S. that..." -- Warren Buffett - 08/08/11 12:57 PM
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U.S. Credit Downgraded: S&P Reduces Rating To AA+ - 08/06/11 08:05 PM
WASHINGTON — The United States has lost its sterling credit rating from Standard & Poor's. The credit rating agency on Friday lowered the nation's AAA rating for the first time since granting it in 1917. The move came less than a week after a gridlocked Congress finally agreed to spending cuts that would reduce the debt by more than $2 trillion – a tumultuous process that contributed to convulsions in financial markets. The promised cuts were not enough to satisfy S&P. The drop in the rating by one notch to AA-plus was telegraphed as a possibility back in April. The three … (1 comments)

Real Estate by Natalie Pace: Staying Afloat and Promoting Recovery - 08/05/11 12:48 PM
Listen to internet radio with Natalie Pace on Blog Talk Radio … (0 comments)

Time to Buy: Housing Recovery Is Under Way - 08/04/11 08:52 PM
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Lawrence Yun's Economic Wildcards 2011-2012 - 08/02/11 01:17 PM
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Thomas Crate, CA DOC, NMLS #332624

Lake Arrowhead, CA

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