boise idaho: Mortgage Rates for Boise Idaho This Week : November 15, 2010
- 11/15/10 05:27 AM
November 15, 2010 by Dean Tucker of Waterstone Mortgage In a holiday-shortened trading week, mortgage markets tanked last week, casting doubt on whether the bond market's 7-month bull run will continue. Fears of inflation caused conforming mortgage rates to rise in Idaho. Last week marked the first sizable mortgage rate increase over the course of 7 days since April. The biggest reason why rates rose last week was because of concerns that the Federal Reserve's latest round of stimulus will devalue the U.S. dollar. The Fed pledged an additional $600 billion to the bond markets two weeks ago and, to meet … (0 comments)
boise idaho: Explanation of the November 3rd Federal Reserve Statement
- 11/04/10 06:23 AM
The Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged within in its target range of 0.000-0.250 percent. In its press release, the FOMC noted that, since September's meeting, the pace of economic and job growth "continues to be slow". Housing starts are "depressed", income growth is "modest" and commercial real estate investment is "weak". (Ouch!) With respect to its prior economic stimuli, the Fed deemed the recovery "disappointingly slow", while, at the same time, noting that growth will come. The Fed also noted that inflation is running lower that what's optimal, hinting at the potential for … (0 comments)
boise idaho: The housing market shows some very bright spots Boise!
- 09/28/10 12:10 PM
The constant "doom and gloom" news reports might make you feel as if everyone is in foreclosure and that no one is buying any homes. Of course, that is the farthest thing from the truth. In fact, there are some very bright spots in the housing market. Standard & Poor's/Case-Shiller 20-city home price index released today increased 0.6 percent in July over June. The national gauge of home prices ticked up in July for the fourth straight month. The National Association of Realtors reported that sales of existing (previously owned) homes shot up 7.6% in August to a seasonally adjusted annual rate … (0 comments)
boise idaho: High End Home Sales Surge
- 08/16/10 11:37 AM
A significant decline in jumbo mortgage rates (loans above $417,000) are helping to move some of the highest-end inventory. Sales volumes of homes worth more than $1 million across the country are up more than 35% from this time last year according to the National Association of Realtors. They also stated that homes between $700,000 and a million were up 29% from last year.There is no question that high unemployment and concern about the economy is pressuring the housing market at all price points, but it is clear that the ultra-low mortgage rates are having a dramatic impact on the highest end of the price … (1 comments)
boise idaho: How to Monetize Facebook (without annoying your friends and family)
- 06/16/10 05:40 AM
To Idaho Real Estate Agents: This is an invitation to a Lunch N Learn Class that Shanna and I are sponsoring next week. It's a class that focuses on Facebook marketing strategies that really work for Realtors... and that really work in Treasure Valley. The name of the class is "How to Monetize Facebook (without annoying your friends and family). Included are the best strategies from various social media trainings we've attended distilled down to the most effective strategies for our local market! This is not a traditional "How to do Facebook" class or a "Why Social Media" class... it is a class that talks about … (0 comments)
boise idaho: Tax Credits May See Extension
- 06/14/10 06:51 AM
Tax Credits May See Extension The home buyer's tax credit has been wildly popular. It gave both first time and previous home buyers a sizable tax credit provided that they sign a purchase contract no later than the end of April and close no later than the end of June.It was so successful, that pending home sales (contracts signed but not yet closed) rose 22.4% when compared to April 2009. However, with increased underwriting turn times, many people that met the requirement by signing a contract before the end of April will not be able to close in time. Under the … (0 comments)
boise idaho: FHA Program Adjustments to Support Refinancings for Underwater Idaho Homeowners
- 03/31/10 11:48 AM
Posted by Dean Tucker, Waterstone Mortgage - Prime Equity Group in Boise Idaho The Administration announced adjustments to Federal Housing Administration (FHA) programs that will permit lenders to provide additional refinancing options to homeowners who owe more than their home is worth because of large falls in home prices in their local markets. These adjustments will provide more opportunities for qualifying mortgage loans to be responsibly restructured and refinanced into FHA loans as long as the borrower is current on the mortgage and the lender reduces the amount owed on the original loan by at least 10 percent. This option should … (2 comments)
boise idaho: Waterstone Mortgage brings Rene Rodriguez's "Designing Your Best Year Ever!" workshop to Realtors in Boise Idaho
- 02/24/10 06:39 AM
By Dean Tucker, Idaho Regional Manager, Waterstone Mortgage - Prime Equity Group Waterstone Mortgage is bringing nationally acclaimed speaker Rene Rodriguez to Boise Idaho. Rene's workshop event is specifically designed to assist our Realtor partners in achieving their best year ever! Rene works with companies the likes of Coke-A-Cola and Microsoft. We are very excited to bring a workshop of this caliber to our Realtor referral partners. (This is an invite only event.) We are very much looking forward to the event on March 24th 2010. For more information please contact Dean Tucker at 208-388-0500.
… (0 comments)
boise idaho: Fantastic feedback from some of Boise's best Realtors.
- 02/16/10 04:25 AM
By Dean Tucker, Waterstone Mortgage - Prime Equity Group in Boise Idaho Friday's "Hope is not a Strategy: A Business Planning Workshop"was probably one of our very best. Fantastic feedback from some of Boise's best Realtors. "The content was excellent, the tools from this course will help me devise a clear and concise plan for 2010." "I was in the process of revamping my business plan from last year, I liked your steps to help me accomplish my goals." "What a practical way to develope a Business Plan! Excellent resource list, great suggestions." "You totally got me thinking and remembering that … (0 comments)
boise idaho: Special Event for Boise Idaho’s Best Realtors on February 12, 2010 Please RSVP!
- 02/09/10 09:22 AM
My name is Shanna Wroten-Tucker. I'm from Boise and I am active with ACAR and the Women's Council of Realtors. If you have a reputation of being one of Boise's Best Realtors... please keep reading! I believe successful people attract into their lives the people and tools they need to further their success. And I believe you would find significant value in an upcoming FREE workshop that I'm hosting this Friday, February 12th at 10 am at Pioneer Title: Hope is Not a Strategy: A Business Planning Workshop I also believe in being 100% transparent with no surprises at the … (2 comments)
Is The FDIC Killing Short Sales? As some of you already know, I blogged recently about being interviewed recently by our local NBC news affiliate. To read the blog, click here. Basically, IndyMac Bank (now OneWest Bank), is holding one of my clients hostage, demanding a $75k promissory note, or they will proceed to foreclosure. For the life of me, I couldn't figure out why they were doing this. The BPO came in at the contract price of $275k, with a net to IndyMac of $241k. What advantage could there possibly be for them … (0 comments)
boise idaho: FHA Proposes Loosening its Flipping Rules
- 01/20/10 05:25 AM
By Dean Tucker, Waterstone Mortgage - Prime Equity Group in Boise Idaho It appears that starting February 1st, 2010, HUD / FHA is going to loosen their guidelines pertaining to property flips. THIS IS HUGE!!! According to HUD's Shaun Donovan, some of the restrictions will be temporarily lifted beginning February 1st to further promote home sales. Here are some basic guidelines we have been able to research: • The transaction must be "Arms Length". • The seller MUST hold title to the property at the time of the sale. • There shall be no pattern or previous property flipping in the past 12 months. • The property … (2 comments)
boise idaho: Sales of existing U.S. homes rose more than forecast in November, to the highest level since February 2007
- 12/22/09 03:58 AM
Dec. 22 (Bloomberg) -- Sales of existing U.S. homes rose more than forecast in November, to the highest level since February 2007, a sign housing is gaining strength along with the broader economy entering 2010. Purchases increased 7.4 percent to a 6.54 million annual rate from a revised 6.09 million pace the prior month, the National Association of Realtors said today in Washington. The median sales price declined 4.3 percent from the same month a year earlier, the smallest decrease since November 2007. Lower interest rates, cheaper homes and a homebuyer tax credit have resuscitated a housing market that contributed to … (2 comments)
boise idaho: Mountain Monitor: Tracking Economic Recession and Recovery in the Intermountain West's (Boise, Phoenix, Las Vegas)Metropolitan Areas
- 12/21/09 02:52 AM
December 15, 2009 (The Bookings Institute) - Nationwide, the recession is technically over. Or at least that is the view of most economists. They note that real U.S. gross domestic product (GDP) finally expanded in the third quarter of 2009, growing at a 2.8 percent annual rate after four consecutive quarters of contraction. They point to a significant slowing of job losses in November, rising housing prices, and a slight downtick in unemployment as other positive signs. Their conclusion: Economic recovery is at last underway. And yet, the pace of renewal seems tentative and its geography patchy. Most notably, the aggregate … (1 comments)
Release Date: November 4, 2009 For immediate release Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to pick up. Conditions in financial markets were roughly unchanged, on balance, over the intermeeting period. Activity in the housing sector has increased over recent months. Household spending appears to be expanding but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit. Businesses are still cutting back on fixed investment and staffing, though at a slower pace; they continue to make progress in bringing … (1 comments)
November 15, 2010 by Dean Tucker of Waterstone Mortgage
;)
;)
