coral springs real estate: Home Values Start The Year Strong
- 05/02/12 01:31 AM
Home prices started the year on an upswing. According to the Federal Home Finance Agency’s Home Price Index, home prices rose by a seasonally-adjusted 0.3 percent between January and February 2012. The index is up 0.4% over the past year, offering a counter-story to the Case-Shiller Index’s assertion that home values are sinking. Last week, Standard & Poor’s Case-Shiller Index said home values had dropped more than 3 percent in the prior 12 months. As a home buyer or seller in Parkland or Coral Springs , data showing “rising home values” or “falling home values” may be of interest to … (0 comments)
coral springs real estate: New Home Sales Revised Higher In February; Slip 7% In March
- 04/25/12 03:04 AM
Sales of new homes ticked lower in March, unexpectedly. Based on Census Bureau data, the number of new, single-family homes sold in March slipped 7 percent from February -- the largest one-month drop in more than a year. On a seasonally-adjusted, annualized basis, buyers in Florida and nationwide purchased 328,000 newly-built homes last month. The decrease in sales from February to March can be attributed, in part, though, to a massive upward revision in February's figures. Last month, the Census Bureau had reported 313,000 new home sales in February on a seasonally-adjusted, annualized basis. This month, those sales were re-measured to … (0 comments)
coral springs real estate: The Fed Starts A 2-Day Meeting Today. Make A Strategy.
- 04/24/12 02:00 AM
The Federal Open Market Committee begins a 2-day meeting today in the nation's capitol. It's the group's third of 8 scheduled meetings this year. Mortgage rates are expected to change upon the Fed's adjournment. Led by Chairman Ben Bernanke, the FOMC is a 12-person, Federal Reserve sub-committee. The FOMC is the group within the Fed which votes on U.S. monetary policy. "Making monetary policy" can mean a lot of things, and the action for which the FOMC is most well-known is its setting of the Fed Funds Funds. The Fed Funds Rate is the overnight interest rate at which banks borrow … (0 comments)
coral springs real estate: America’s 20 Best Small Towns
- 04/22/12 11:35 PM
America is stuffed with world-class "big cities"; New York, San Francisco and Chicago make for three great examples. But beyond the biggest cities, there are some wonderful small towns, too. Smithsonian.com highlights 20 of them on its website. Focusing on cities with 25,000 residents or fewer, the publication ranked areas high in "culture"; towns with high concentrations of museums, public gardens, art galleries and other cultural assets including resident orchestras. The author states "big cities and grand institutions per se don't produce creative works; individuals do. And being reminded of that is fun". The Top 10 Small Towns in America, as … (0 comments)
coral springs real estate: Existing Home Sales Slip In March - Not Bad News in Parkland & Coral Springs
- 04/20/12 12:07 AM
In March, for the second straight month, home resales slipped nationwide. According to the National Association of REALTORS®, March 2012 Existing Home Sales fell to 4.48 million units on a seasonally-adjusted annualized basis -- a 3 percent drop from February. An "existing home" is a home that's been previously occupied or owned. The weaker-than-expected Existing Home Sales data is the third such housing report this month to suggest a lull in the spring housing market. Earlier this week, homebuilder confidence slipped for the first time in three months and March Single-Family Housing Starts fell, too. The news wasn't entirely bad for … (0 comments)
coral springs real estate: Single-Family Housing Starts Slip 0.2% In March
- 04/18/12 12:02 AM
Tuesday, the government released its March 2012 New Residential Construction report. The report is made up of three sections, each related to a phase of the "new home" market. The report's first part is Building Permits; the second is Housing Starts; the third is Housing Completions. Of the three sections, it is Housing Starts that gets the most attention from the press -- mostly because, of the triad, it's the simplest for a layperson to understand. However, the manner in which Housing Starts data is reported can be misleading. Today's newspapers offer up an excellent example. According to the Census Bureau, … (0 comments)
coral springs real estate: Federal Tax Deadline Extended To April 17, 2012
- 02/08/12 01:21 AM
Traditionally, federal income taxes must be filed with the IRS on, or before, April 15 each year. The date has become such a part of U.S. culture that many people simply call it "Tax Day". This year, however, for the 3rd time in 7 years, your federal income taxes will not be due April 15. Instead, because of a combination of the calendar, a holiday, and tax law, Tax Day 2012 is delayed until Tuesday, April 17. You will have two extra days to prepare and file your federal income taxes this year. Here's why. First, April 15 is a Sunday … (0 comments)
coral springs real estate: Home Affordability Threatened By Friday's Jobs Report
- 02/02/12 02:00 AM
This week, once more, we find mortgage rates are on a downward trajectory. Conforming mortgage rates have returned to near all-time lows. After Friday morning's Non-Farm Payrolls report, however, those low rates may come to an end. It's a risky time for Florida home buyers and would-be refinancers to be without a locked rate. Each month, on the first Friday, the Bureau of Labor Statistics releases its Non-Farm Payrolls report for the month prior. More commonly called the "jobs report", Non-Farm Payrolls provides a sector-by-sector employment breakdown, and the nation's Unemployment Rate. In December 2011, the government reported 200,000 net new … (1 comments)
coral springs real estate: Pending Home Sales Index Slips For 4th Straight Month
- 10/28/11 02:42 AM
Pending Home Sales Index Slips For 4th Straight Month Nationwide, fewer homes are going under contract to sell. According to the National Association of REALTORS®, the Pending Home Sales Index fell 5 percent last month. September marks the fourth consecutive month in which the index has dropped. The Pending Home Sales Index is a monthly index which measures the number of homes under contract to sell, but not yet closed. As such, it’s among the few “forward-looking” housing indicators; a data set meant to predict future home sales. 80% of homes under contract close within 2 months so, if the September … (1 comments)
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