housing market: Inside Lending Newsletter, Things Are Not Always As They Seem
- 09/22/14 11:20 PM
QUOTE OF THE WEEK… “Things are not always as they seem; the first appearance deceives many.” –Phaedrus, Roman poet and fabulist INFO THAT HITS US WHERE WE LIVE… The ancient Roman writer of fables certainly hit the nail on the head with regard to last week’s housing reports. Housing Starts dipped 14.4% in August to a 956,000 annual rate, while Building Permits dropped 5.6% to a 998,000 annual rate. With both numbers coming in under a million units a year, pundits were quick to declare that the home building recovery is over. But they were truly deceived. Even with the August … (0 comments)
housing market: Inside Lending Newsletter From Kristen Zorda, Home Price to Grow in 2014
- 07/08/14 01:01 AM
QUOTE OF THE WEEK... "Everybody thinks they are right."--Stefan Sagmeister, New York-based graphic designer and typographer INFO THAT HITS US WHERE WE LIVE... This week, those who think they're right in believing the housing market has shrugged off its recent slump could present fresh evidence. Pending homes sales in May surged 6.1% over the month before, according to the National Association of Realtors (NAR). This index of contracts signed on existing homes indicates that sales of those properties should move ahead nicely a couple of months out. It was also good to see all four regions of the country posted increases in pending sales.The NAR's … (0 comments)
housing market: Inside Lending Newsletter From Kristen Zorda, Existing Home Sales Were Up
- 07/01/14 12:04 AM
QUOTE OF THE WEEK... "Success is the sum of small efforts repeated day in and day out." --Robert Collier, American writer INFO THAT HITS US WHERE WE LIVE... The daily efforts of housing market professionals achieved some impressive successes in May. Existing Home Sales were up 4.9% for the month, to a 4.89 million annual rate. Sales are still down a tick versus last year, but they're getting closer to a healthy 5 million unit yearly pace. It was especially good to see that inventories continued to grow in May and are now up 6% compared to a year ago. The months' supply dipped to 5.6 months … (0 comments)
housing market: Price Change on Dalton Drive in Schenectady! $129,900
- 06/25/14 11:04 PM
Virtual Tour! Check out a video tour of the whole house on YouTube! Nestled on a quiet side street, mins to shopping, bus line and Ellis Hospital. Well maintained w/ original hardwood floors throughout, newer furnace, roof, central air, and concrete driveway. Kitchen has been recently updated, new appliances, resurfaced solid wood cabinets, tin backsplash. Fresh paint throughout, 3 bedrooms has ample storage, and newer windows let in tons of natural light. Backyard is level, spacious & private. Quality home at a great value! Property Information: Style: Ranch Bedrooms: 3 Total Baths: 1 Full Baths: 1 Sq. Feet: 1194 For More Information About This Property, Visit www.OrsonSellsNY.com … (1 comments)
housing market: Respectfully Updating a 1929 Farmhouse, Via Houzz.com
- 06/25/14 12:21 AM
Period details mix with new features for a family home as idyllic as its pastoral surroundings Sometimes it pays to be part of the local grapevine. Interior designer Heide Hendricks was having a meal with some friends when she heard a rumor that a farmhouse surrounded by idyllic farmland and close to town might be on the market. The owners wanted the right kind of buyers, the kind who would honor and keep the traditional look of the 1929 farmhouse, which hadn’t been touched since the 1940s. They were keeping the listing very discreet. Hendricks and her husband, architect Rafe Churchill, were charmed by … (0 comments)
housing market: Inside Lending Newsletter From Kristen Zorda, Recovery Will Continue
- 06/24/14 01:24 AM
QUOTE OF THE WEEK... "Often you just have to rely on your intuition." --Bill Gates, American business magnate, philanthropist, investor, computer programmer, and inventor INFO THAT HITS US WHERE WE LIVE... We who work in the housing market understand this observation from one of the world's most successful individuals. Our intuition tells us the recovery will continue to improve, yet the monthly data occasionally seems to contradict that idea. For example, May Housing Starts came in down 6.5%, to a 1.001 million unit annual rate. This was below consensus expectations, but Housing Starts are still up 9.4% compared to a year ago. Single-family starts are … (0 comments)
housing market: Inside Lending Newsletter From Kristen Zorda, Break New Ground!
- 06/17/14 12:17 AM
QUOTE OF THE WEEK... "If you can find a path with no obstacles, it probably doesn't lead anywhere." --Frank A. Clark, American writer INFO THAT HITS US WHERE WE LIVE... The path forward in the housing market has had obstacles, but they do seem to be showing up less frequently. The latest National Association of Realtors (NAR) survey reported that realtors expect home prices to keep appreciating over the next year, with the median price up 4%. The NAR's director of regional economics and housing policy said: "A moderate increase in inventory will help to steady prices to a historically stable growth path." He noted the … (0 comments)
housing market: Inside Lending Newsletter From Kristen Zorda - Level of Spending Growing
- 06/10/14 12:31 AM
QUOTE OF THE WEEK... "It is good news, worthy of all acceptation; and yet not too good to be true." --Matthew Henry, English Presbyterian minister INFO THAT HITS US WHERE WE LIVE... There were several items of good news in the real estate market last week starting with a Census Bureau report on construction. Despite all the yack about winter weather slowing things down, it turns out construction spending during the first four months of the year was 8.9% above the same period in 2013. The $274.5 billion worth of activity was good news indeed. This level of spending appears to be growing, as the … (2 comments)
housing market: Inside Lending Newsletter From Kristen Zorda, Inventories Are Way Up
- 05/28/14 12:20 AM
QUOTE OF THE WEEK... "Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time." --Thomas A. Edison, American inventor and businessman INFO THAT HITS US WHERE WE LIVE... In the housing market, we all keep trying and we certainly are succeeding, as Existing Home Sales were up 1.3% in April to a 4.65 million annual rate. This was the first sales increase in four months and the second monthly gain in the last year. Best of all, inventories shot up by 330,000 units, which was the third largest monthly increase on record since 1999. Many housing observers … (0 comments)
housing market: Inside Lending Newsletter, Single Family Starts Were Strong
- 04/22/14 01:40 AM
QUOTE OF THE WEEK... "Appearances are often deceiving." --Aesop, Ancient Greek storyteller INFO THAT HITS US WHERE WE LIVE... To some pundits and the mainstream media, March Housing Starts appeared disappointing: up a tepid 2.8% for the month and down 5.9% versus a year ago. But a closer examination of the report shows those headline numbers are deceiving. The low monthly number was all due to a drop in always volatile multi-family starts. Single family starts were up a strong 6.0% in March and are up 9.1% over the last two months. The 5-month moving average is the highest since July 2008. Plus, the number of … (0 comments)
housing market: Inside Lending Newsletter From Kristen Zorda- Spring Selling Season
- 04/14/14 11:58 PM
QUOTE OF THE WEEK... "Spring is nature's way of saying, 'Let's party!'" --Robin Williams, American actor INFO THAT HITS US WHERE WE LIVE... It may be premature to begin partying in the housing market, but there are signs we'll enjoy a nice spring selling season. Freddie Mac's chief economist posted a blog on their websites offering a rosy outlook: "Housing is stronger today than at any point since the Great Recession began and hit bottom in 2009." He cites three points. 1. Home sales are up 13% from their low and should be up "about 3% in 2014." 2. Housing starts are up 50% … (0 comments)
housing market: Inside Lending Newsletter From Kristen Zorda - Never Give Up
- 03/03/14 11:15 PM
QUOTE OF THE WEEK... "Never, never, never give up." --Winston Churchill INFO THAT HITS US WHERE WE LIVE... Not giving up on the U.S. housing market is clearly the right strategy. Additional proof of this came with latest New Home Sales report. Up a strong 9.6% in January, new single-family home sales reached a 468,000 unit annual rate. This was the strongest yearly rate since July 2008. So much for the notion that slightly higher mortgage rates are holding back home sales. This January boom in new home sales also supports the theory, reported here, that recent weaker existing home sales numbers were partially caused by … (1 comments)
housing market: Inside Lending News From Kristen Zorda of Prime Lending, Housing Data
- 02/25/14 12:06 AM
QUOTE OF THE WEEK... "I don't care too much what happened in the past. I prefer to focus on what is coming next and I am really looking forward to it." --Sebastian Vettel, World Champion Formula One driver INFO THAT HITS US WHERE WE LIVE... It would do us good to not focus too much on the past month's housing data. Housing Starts were down 16.0% in January, to an 880,000 unit annual rate. But this report really can be blamed on the weather. When it's wet, cold, and snowy, it's pretty hard to move dirt. And that was the weather in much … (0 comments)
housing market: Inside Lending Newsletter - High Expectations for Housing Market
- 02/10/14 11:16 PM
QUOTE OF THE WEEK... "High expectations are the key to everything." --Sam Walton, founder of Walmart INFO THAT HITS US WHERE WE LIVE... We all have high expectations for the housing market and it seems they're being fulfilled. Real estate analytics firm CoreLogic reported home prices rose in 2013 at the fastest annual pace since 2005. In December, their Home Price Index was up 11% on an annual basis, the 22nd month in a row of year-over-year home price increases. Their CEO added: "The healthy and broad-based gains in home prices in 2013 help set the stage for the continued recovery in the housing … (0 comments)
housing market: Inside Lending Newsletter From Kristen Zorda of Prime Lending
- 02/03/14 11:42 PM
QUOTE OF THE WEEK... "Any fool can criticize, condemn and complain -- and most fools do." --Benjamin Franklin, American statesman and Founding Father INFO THAT HITS US WHERE WE LIVE... There were things to complain about in last week's housing reports, but grousing about the monthly numbers could look foolish in the long run. New Home Sales were down 7.0% for December, to a 414,000 annual rate. But dips sometimes occur in winter and December was snowier and colder than usual. Many observers expect a rebound in new home sales when the weather gets back to normal. Looking longer term, sales are up … (1 comments)
housing market: Buying a Home in the Offseason - Reblogged from The Kufner Team on Wordpress
- 01/16/14 11:27 PM
As temperatures drop and the weather chills during the winter, it may not seem like the ideal time to buy a home, but if one can bear the cold, then there are many advantages for buyers to consider if they are in the market for a home. For example, there are typically fewer buyers during the winter season, so there is less competition. Not only is there is less competition, but there are also fewer units on the market, creating an opportunity for a buyer to get a favorable deal. With fewer units on the market, sellers during the winter may … (0 comments)
housing market: Info That Hits Us Where We Live - Real Estate 2014
- 12/16/13 10:55 PM
QUOTE OF THE WEEK... "It is always wise to look ahead, but difficult to look further than you can see." --Winston Churchill INFO THAT HITS US WHERE WE LIVE... Keeping Sir Winston's words in mind, let's consider some prognostications coming out now about the real estate market in 2014. A national online listing site sees housing becoming a little less affordable and repeat buyers emerging as the market's dominant players. The site's chief economist explained, "repeat buyers will be able to offset the higher price of the home they buy with the higher price from the home they sell." This expert also sees mortgage rates … (0 comments)
housing market: Info That Hits Us Where We Live - Homes Sold Faster in Sept. 2013 than 2012!
- 11/18/13 11:12 PM
QUOTE OF THE WEEK... "Look to the future, because that's where you'll spend the rest of your life." --George Burns, American comedian INFO THAT HITS US WHERE WE LIVE... There was additional evidence this week that the future for us will feature a continued housing recovery. A software company specializing in residential real estate information reported home prices growing strongly across the country in the third quarter. The 2.3% increase over the second quarter was the fastest home price growth they've seen in the current recovery. However, prices are expected to increase at a more moderate pace in the next few months as housing … (0 comments)
housing market: Why you should buy a house before 2014
- 09/23/13 01:29 AM
Many key economic factors suggest homebuyers should act before next year. If you've been waiting for the best time to buy a home, your wait might be over. In fact, taking a number of factors into consideration, buying a home before 2014 could save you a lot of money. "There are several reasons why now is the time to buy," says Jim Duffy, a mortgage banker withCole Taylor Mortgage. Those reasons include everything from rising mortgage interest rates and home prices, to falling affordability indexes and the fear of inflation, he and other sources say. So we decided to dig a little deeper into what the … (0 comments)
QUOTE OF THE WEEK… “Things are not always as they seem; the first appearance deceives many.” –Phaedrus, Roman poet and fabulist
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