Cody Burnett's (codyburnett) Blog

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Managing Real Estate Broker - Connect Realty - PB00053359

ARCHIVED BLOG POSTS

2010 

According to the Standard & Poor's/Case-Shiller Home Price Indices (http://www.standardandpoors.com/spf/docs/case-shiller/CSHomePrice_Release.pdf), home prices posted their first annual increase in three years. S&P's 10-city index was up 1.4 percent from February 2009 and the 20-city index was up...
04/28/2010
In March, sales of new single-family homes were up 26.9 percent over February's rate, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development (http://www.census.gov/const/newressales.pdf). The jump was the largest monthly increase in 47 years ...
04/26/2010
http://codyburnett.wordpress.com/2010/04/23/housing-fundamentals-more-up-than-down/ James O'Sullivan, chief economist at MF Global Ltd., argues that, though recent spikes in sales are exaggerated by the tax credit, the housing market's fundamentals are more up than down.
04/26/2010
With the national median existing-home price nearly unchanged from last year and time running out on the home-buyer tax credit, existing-home sales rose 6.8 percent in March, according to a report from The National Association of Realtors (http://www.realtor.org/press_room/news_releases/2010/04/e...
04/22/2010
According to The Mortgage Bankers Association's Weekly Mortgage Applications Survey (http://www.mbaa.org/NewsandMedia/PressCenter/72597.htm), the average contract interest rate for 30-year fixed-rate mortgages fell from 5.17 percent to 5.04 percent last week. Total loan application volume was up ...
04/22/2010
According to The National Association of Realtors' 2009 Profile of Home Buyers and Sellers (http://www.realtor.org/press_room/news_releases/2009/11/survey_record), first-time home buyers accounted for 47 percent of all home sales last year. That was the highest market share on record, passing the...
04/20/2010
The Department of Commerce's residential-construction statistics for March (http://www.census.gov/const/newresconst.pdf) show building permits and housing starts both up from February. Building permits were 7.5 above February's rate and 34.1 percent above March 2009. Housing starts were up 1.6 pe...
04/19/2010
RISMEDIA, April 17, 2010-BBVA Compass recently released a new survey on first-time home buyers indicating that, prior to purchase, a vast majority of first-time home buyers (88%) believe they have accounted for all expenses related to owning a home. Seemingly contradicting that notion, amongst th...
04/17/2010
http://codyburnett.wordpress.com/2010/04/16/encouraging-signs-for-housing-recovery/ Ron Phipps, president-elect of The National Association of Realtors, is optimistic about the housing market and encouraged by stabilizing prices, recent increases in sales activity, and better unemployment numbers.
04/16/2010
With the spring selling season underway and many of the government programs aiding the ailing housing market expiring, experts and industry insiders have differing opinions on where housing's headed. Warmer weather typically boosts buyer traffic and, according to the National Association of Realt...
04/14/2010
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