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ARCHIVED BLOG POSTS

2012 

Home sales appear headed for a mid-summer breather. One month after posting a multi-year high, the Pending Home Sales Index retreated to 99.3 in June -- a strong reading in its own right. A "pending home sale" is a home that is under contract to sell, but not yet sold. June's value of 99.3 marks ...
07/31/2012
Mortgage rates are expected to change upon the FOMC's adjournment. Rate shoppers and home buyers of Palm Springs real estateĀ would do well to be alert. The Federal Open Market Committee is a rotating 12-person subcommittee within the Federal Reserve. It's the group which makes U.S. monetary polic...
07/31/2012
With mortgage rates down to all-time lows, you can buy a lot more home for your money. Home affordability is at an all-time high. According to last week's Freddie Mac mortgage rate survey, the average 30-year fixed rate mortgage has dropped to 3.62% nationwide. This is down from 4.08% in March, a...
07/21/2012
Home resales slipped more than 5 percent last month, putting a damper recent housing market enthusiasm. According to the National Association of REALTORSĀ®, Existing Home Sales fell to 4.37 million units in June 2012 on a seasonally-adjusted, annualized basis. This is 250,000 fewer home sales per ...
07/21/2012
The number of U.S. homes receiving foreclosure notices topped one million through the first six months of 2012, according to RealtyTrac. There were 1.046 million foreclosure filings between January - June 2012, says the foreclosure-tracking firm in its Midyear 2012 Foreclosure Market Report. The ...
07/18/2012
Homebuilder confidence is soaring. For the second time in three months, the National Association of Homebuilders reports that the Housing Market Index made sizable gains. The Housing Market Index measures homebuilder confidence in the new construction market and is scored between 1-100. Readings ...
07/18/2012
The Federal Reserve released the minutes from its June Federal Open Market Committee meeting, revealing a Fed divided on the future of the U.S. economy. Mortgage rates are higher after the release of the minutes. The Fed Minutes is the detailed recap of an FOMC meeting. It is the companion piece ...
07/16/2012
When the calendar flips to a new year, analysts and economists like to make predictions for the year ahead. So, today, with the year half-complete, it's an opportune time to check back to see how the experts' predictions are faring (so far). If you'll remember, when 2011 closed, the housing marke...
07/16/2012
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Elaine Stewart

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