understanding market trends: In Depth Market Analysis - March 14, 2011
- 03/14/11 03:23 PM
QUOTE OF THE WEEK..."An economist's guess is liable to be as good as anybody else's."--Will Rogers INFO THAT HITS US WHERE WE LIVE...Last week there was no guessing involved in the Mortgage Bankers Association (MBA) report that applications for purchase mortgages hit their highest level of the year. The MBA credited this to the improving job market and mortgage rates remaining at super low levels. This demand for purchase mortgages was up 12.5% from the week before and at its highest level since last May. Freddie Mac's weekly survey of conforming mortgages showed mortgage rates pretty much unchanged, at historically low levels … (2 comments)
understanding market trends: In Depth Market Analysis - February 21, 2011
- 02/21/11 03:31 PM
Quote of the week... "I've been blamed for just about everything that's wrong with this country."--Elvis Presley INFO THAT HITS US WHERE WE LIVE... We who work in the real estate and mortgage industries know exactly how Elvis felt. The same people who unfairly blamed us totally for the recession now look to us alone for signs the economic recovery has taken hold. They might want to remember the health of the housing market is directly dependent on the health of the jobs market, which is not under our control. In any case, everyone felt better last week when January Housing … (4 comments)
understanding market trends: In depth market analysis - February 7, 2011
- 02/07/11 07:33 AM
INFO THAT HITS US WHERE WE LIVE... There's good news in the latest housing market forecast for 2011 from the National Association of Realtors (NAR). After dipping 4.8% last year, sales of existing homes are predicted to grow 7.9% this year, to 5.3 million. The gain for 2012 is forecast to be a little less, up 4.5%, to 5.53 million. The existing home median price went up 0.3% in 2010, a nice recovery from the 12.9% price drop of 2009. For 2011, the NAR sees it rising 0.5%, to $173,000, then another 2.4%, to $177,900, in 2012. New home sales are forecast to … (0 comments)
understanding market trends: Property Trends, Knowing When to Buy or Sell
- 01/24/11 01:35 AM
If an item has a market value then there is a trend in the market price and sales volume; real estate is no different. Unlike commodities (gold, grains or petroleum products) for the most part real estate trends are steady and much more predictable. This is not always true for a specific commercial property or subdivision, but when analyzing the broader market as a whole, the trend is more visible.
This is almost not even worth saying, but you want to buy low and sell high. What makes analyzing trends so important is that they are a pretty good … (0 comments)
QUOTE OF THE WEEK..."An economist's guess is liable to be as good as anybody else's."--Will Rogers INFO THAT HITS US WHERE WE LIVE...Last week there was no guessing involved in the Mortgage Bankers Association (MBA) report that applications for purchase mortgages hit their highest level of the year. The MBA credited this to the improving job market and mortgage rates remaining at super low levels. This demand for purchase mortgages was up 12.5% from the week before and at its highest level since last May. Freddie Mac's weekly survey of conforming mortgages showed mortgage rates pretty much unchanged, at historically low levels … (2 comments)
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