home: Make A Mortgage Rate Plan BEFORE Friday's Job Report - 03/03/11 05:14 AM
Mortgage rates could move higher beginning tomorrow morning. The Bureau of Labor Statistics releases its February jobs report at 8:30 AM ET.
Home buyers and rate shoppers in Nashville would be wise to take note. The jobs report is almost always a market-mover.
Consider last month.
Although net job creation fell well-short of expectations in January - just 36,000 jobs were added - the national Unemployment Rate dropped to 9.0%, its lowest level in 2 years. The marked improvement surprised economists and sparked inflationary concerns within the investor community.
This, in turn, caused mortgage rates to rise.
In the days immediately following the … (0 comments)

home: Pending Home Sales Statistics - 03/01/11 05:06 AM
After a strong run to close out 2010, the market for home resales softened a bit in January. That is, IF you're only looking at home sales from a national perspective.  Here in the Nashville market, we are experience an INCREASE in home sales this year compared with where we were last year.  It's important that you ask your local realtor how our local market figures match up with the national figures.  Your LOCAL REALTOR is your local market EXPERT.
However, you can read more about national home sales below.  It's important to ALSO remember that all different types of reports … (1 comments)

home: Existing Home Supply Down 40% In Last 6 Months - 02/24/11 03:17 AM
Home resales rose another 2.7 percent last month, according to the National Association of REALTORS® monthly Existing Home Sales report.
An "existing home" is a home that's been previously occupied and is not considered new construction.
The number of existing homes sold on a rolling 12-month basis is now at its highest point since May 2010, the month before the federal homebuyer tax credit ended. It's also up some 40% since July 2010, the month after the tax credit ended.
But that's not the biggest story in the Existing Home Sales report. The precipitous decline in home inventory deserves more … (0 comments)

home: Building Permits Surge in December; Signals a Strong Spring Housing Market - 02/18/11 04:59 AM

Each month, in conjunction with the Department of Housing and Urban Development, the Census Bureau releases its New Residential Construction report. The report is comprised of several sections, one of which counts the number of homes that have "broken ground" nationwide.
They're called "Housing Starts" and, by most measures, they faded quickly as 2010 came to a close.
According to the Census Bureau's report, Housing Starts of single-family homes fell to 417,000 units on a seasonally-adjusted, annual basis. The figure marks a 9 percent drop-off from November, and is the lowest reading since May 2009.
Not surprisingly, the press went bearish … (0 comments)

home: Home Sales - 02/18/11 04:03 AM
Existing Home Sales surged 12 percent last month, closing 2010′s housing market with strength. An "existing home" is a home that cannot be categorized as new construction; a resale.
According to the National Association of REALTORS®, seasonally-adjusted, annualized Existing Home Sales figures climbed by more than a half-million units in December as compared to November. It's the 3rd straight month of home resale improvement nationwide.
Sales volume is now as high as it's been since May 2010 - just after the federal home buyer tax credit's expiration.
In addition, the number of months needed to sell the complete, current home inventory … (3 comments)

home: What's Ahead for Mortgage Rates This Week: W/O Feb 14th - 02/16/11 07:02 AM
What’s Ahead For Mortgage Rates This Week : February 14, 2011
Author: Christina Livingston | 
Monday, February 14th, 2011 Mortgage markets worsened terribly last week. Amid more reports of an improving economy and fears of pending inflation, mortgage rates skyrocketed to their highest levels since April 2010. According to Freddie Mac, mortgage rates made their largest 1-week jump in more than a year last week, tacking on 0.24 percent and bringing the average national 30-year fixed mortgage rate up to 5.05%. In some markets, rates are even higher.
Since bottoming out in Freddie Mac’s November 11 survey, conforming, 30-year fixed mortgage … (0 comments)

Christina Livingston

Christina Livingston

Franklin, TN

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