murfreesboro: Homebuilders Expect More Sales volume This Year - 03/17/11 03:34 AM
Homebuilders Expect More Sales Volume This Year Author: Christina Livingston • Thursday, March 17th, 2011
 
Homebuilders are optimistic about the housing market this spring, relative to recent months.
According to the monthly Housing Market Index as published by the National Association of Homebuilders, after 4 straight months of reading 16, March homebuilder confidence ticked 1 point higher to 17.
It's the highest confidence reading in 10 months.
A value of 50 or better indicates "favorable conditions" for home builders; with more builders viewing sales conditions as "good" than "poor".
HMI hasn't read higher than 50 since April 2006.
Regionally, the … (2 comments)

murfreesboro: What's Ahead For Mortgage Rates This Week: Feb 28th - 02/28/11 02:40 AM
Mortgage markets improved last week as Wall Street's concerns about the Middle East trumped its fears of inflation. Conforming and FHA mortgage rates in Tennessee fell to a 3-week low.
Last week marked the second straight week in which mortgage rates fell, a streak that follows four straight weeks of climbing mortgage rates.
It's been a bout of good fortune for rate shoppers and home buyers.
In addition, according to Freddie Mac's weekly mortgage rate survey, the average spread between conforming 30-year fixed rate mortgages and 5-year ARMs has widened further.
The two benchmark products are now separated by 1.15%. It's … (0 comments)

murfreesboro: 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)

murfreesboro: What's Ahead for Mortgage Rates This Week: Feb 22, 2011 - 02/22/11 04:46 AM
 
Mortgage markets improved slightly last week, rebounding from the worst 1-week loss in recent history. The gains were geopolitical, however; the result of instability in the Middle East region. Economic data was overlooked as investors made a broad-based flight-to-quality.
For just the second time in 2011, conforming mortgage rates in Nashville fell on a week-to-week basis.
Rates shouldn't have dropped, though. Here's just a sampling of last week's economic data, all of which can be tied to rising mortgage rates:
Oil prices are soaring on supply concerns The Producer Price Index touched a 2-year high Philadelphia Fed Manufacturing Survey predicted … (1 comments)

 
Christina Livingston

Christina Livingston

Franklin, TN

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Address: 600 Frazier Dr., Ste 130, Franklin, TN, 37067

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