mortgage: Inside Lending---12/19/2011
- 12/19/11 02:12 AM
QUOTE OF THE WEEK..."Do what you can with what you have where you are."--Theodore Roosevelt INFO THAT HITS US WHERE WE LIVE...The famous President's sage advice from a century ago is still the appropriate approach to today's housing market. In the midst of all the media noise, it's always good to check what we do have and where we really are. For example, the Census Bureau reported that although the median sale price of new homes in October was down 15% over the last five years, it's actually up 26% over the last ten. More evidence that housing still is a good … (0 comments)
mortgage: Inside Lending 12/5/2011
- 12/05/11 01:35 AM
Market Update QUOTE OF THE WEEK..."Motivation is the art of getting people to do what you want them to do because they want to do it."--Dwight D. Eisenhower INFO THAT HITS US WHERE WE LIVE...Enough people were motivated to buy new homes in October to push monthly sales up 1.3% to a 307,000 annual rate. Even better, the motivation was strong enough to send the median price to $212,300, UP 4% over a year ago. Going forward, what should motivate everyone is that the supply of new homes fell to 6.3 months. Nonetheless, new home sales need to get to an … (2 comments)
mortgage: Inside Lending: Past, Present and Future
- 11/14/11 03:21 AM
QUOTE OF THE WEEK…”Life will always be to a large extent what we ourselves make it.”–Samuel Smiles, Scottish author and reformer INFO THAT HITS US WHERE WE LIVE…Like life, the situation in the housing market depends on what we make of it. Last week, both options were covered in the latest quarterly report from the National Association of Realtors (NAR). The good option: home sales in Q3 rose in all 50 states and Washington, D.C. The negative: the median existing single-family home price rose in only 39 of 150 metro areas, declining in 111 of them. Yet the NAR chief economist … (0 comments)
mortgage: Home and Wealth
- 11/09/11 02:59 AM
Cut your electric bill 10% without ever noticing it! PLUS...24 tools every homeowner needs.
Most people don't know that TVs, DVD players, game consoles, computers and chargers for cell phones and other electronic devices can draw energy 24/7, even when idle. The typical American home has 40 of these electronic devices, continuously drawing power. The U.S. Department of Energy's Lawrence Berkeley Lab says they account for almost 10% of home energy use. Here are some easy ways to cut this cost. Unplug After Charging. The Environmental Protection Agency (EPA) says one of the best ways to cut costs is to … (1 comments)
mortgage: Inside Lending
- 09/06/11 03:51 AM
QUOTE OF THE WEEK..."Believing in progressdoes not mean believing that any progress has yet been made."--Franz KafkaINFO THAT HITS US WHERE WE LIVE...Major progress has yet to be made inthe housing recovery, but we can keep believing in it, since the dataisn't all negative. For example, Pending Homes Sales (contracts onexisting homes) were down 1.3% in July, but were UP 2.4% in June, so ExistingHome Sales should be up for August. In addition, July's reading was UP14.4% over last year. The National Association of Realtors chiefeconomist said, "rising rents, record high affordability conditions andinvestors buying real estate as a future inflation … (0 comments)
mortgage: Inside Lending
- 08/22/11 03:17 AM
This Week’s Forecast NEW HOME SALES, Q2 GDP, CONSUMER FEELINGS...Observers expect Tuesday's New Home Sales numbers to hold for July, coming in just a tad below June. Weekly Initial Unemployment Claims should show a sign of hope, with that number forecast a little lower. Friday, all eyes will be on the second estimate of Q2 GDP. Economists predict slightly less growth than originally expected. Final Michigan Consumer Sentiment for August should be at a subdued level. No surprise there. Finally, everyone should listen to Chairman Bernanke's comments at the Fed's Jackson Hole Conference. INFO THAT HITS US WHERE WE LIVE...Ms. Schucman … (0 comments)
mortgage: Market Update
- 07/25/11 03:30 AM
INFO THAT HITS US WHERE WE LIVE...Last week included both problems and progress in the housing market. Getting the probs out of the way, June Existing Home Sales came in down 0.8% versus May, to an annual rate still below 5 million units, lifting the months' supply to 9.5. But all the sales decline was from condos and coops, single-family sales staying the same. We appear to be bouncing along a bottom, as the median price of an existing home rose for the month and is now up 0.8% from last year. Average prices are up 2.7% versus a year ago.But … (0 comments)
mortgage: Inside Lending
- 07/11/11 02:34 AM
INFO THAT HITS US WHERE WE LIVE...It finally appears seeds are being planted for a housing recovery. Fannie Mae's monthly survey reported that Americans expect home prices to drop just 0.5% in the next year. Some reported this as a negative because a 0.7% price gain was expected last month. But other analysts see this as a bottom, and those surveyed agree, as the majority (69%) believe it's a good time to buy a home. A MacroMarkets LLC study echoed this. More than 50% of the economists, real estate experts and investment strategists polled said they expect a bottom for national home … (1 comments)
mortgage: Things to Consider Before Buying a Home
- 06/22/11 04:43 AM
For many people, buying a home is the single biggest investment they will make in a lifetime. The so-called "right time" is different for everyone. Taking the first step towards buying your home is both exhilarating and overwhelming. Before you dive in too deep into the process, it is important to consider several factors. Buying a home will be one of the largest financial investments you make in your life, so you want to be well prepared for the adventure ahead. What's the best scenario for you? Renting or owning?While it may seem that owning a home is the best choice, … (4 comments)
Details and Predictions about the financial markets, what to look for in the coming weeks and a review of the past week. Learn about how our markets affect our rates and our housing markets.
QUOTE OF THE WEEK..."Do what you can with what you have where you are."--Theodore Roosevelt INFO THAT HITS US WHERE WE LIVE...The famous President's sage advice from a century ago is still the appropriate approach to today's housing market. In the midst of all the media noise, it's always good to check what we do have and where we really are. For example, the Census Bureau reported that although the median sale price of new homes in October was down 15% over the last five years, it's actually up 26% over the last ten. More evidence that housing still is a good … (0 comments)
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