Pending Home Sales Data Shows Great Deals On Homes Are Getting Harder To Find

Posted by on Jun 3, 2010 in Blog, Buyers, First Time Home Buyers, Home Values, Market Updates, The Economy | 0 comments The Pending Home Sales Index shot higher in April as low mortgage rates and a soon-to-expire federal tax credit spurred home buying across the county. A “pending home sale” is a home that’s under contract to sell but not yet closed. Region-by-region, April’s pending home sales varied versus March’s data: Northeast Region: +29.5% Midwest Region : +4.1% South Region...
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Home Price Index Rises 0.3% in March 2010

Posted by on May 26, 2010 in Blog, Home Values, Market Updates | 0 comments Home values rose in March, according to the Federal Home Finance Agency’s most recent Home Price Index. Values were reported higher by 0.3 percent, on average, from February. We use the phrase “on average” because the Home Price Index is broad-reaching, national housing statistic. It ignores the dynamics of neighborhood real estate markets as well as citywide markets ,...
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Home Supplies Tick Higher, Creating An Opening For Today’s Home Buyers

Posted by on May 25, 2010 in Blog, First Time Home Buyers, Home Values, Sellers, The Economy | 0 comments Sales of existing homes rose in April, buoyed by an expiring home buyer tax credit and exceptionally low mortgage rates. As compared to March, April’s Existing Home Sales rose by 410,000 units nationwide — the second straight month of large gains. An “existing home” is a home resold by a prior owner (i.e. not new construction). It’s a solid report for housing...
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Foreclosure Activity Slows For The First Time In Several Years

Posted by on May 13, 2010 in Blog, Buyers, First Time Home Buyers, Home Values, Market Updates, The Economy | 0 comments The national foreclosure rate is finally falling. According to foreclosure-tracking firm RealtyTrac.com, the number of foreclosure notices dropped 2 percent between April 2009 and April 2010. 2 percent may not seem like much, but it’s the first time in the history of the RealtyTrac report that the annual foreclosure rate has dropped. To be sure, foreclosure rates remain elevated —...
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Markets Ignore The April Jobs Report And It’s Good News For Mortgage Rates

Posted by on May 7, 2010 in Blog, Buyers, First Time Home Buyers, Home Values, Market Updates, Mortgage Rates, The Economy | 0 comments On the first Friday of every month, the U.S. government releases its Non-Farm Payrolls report.  More commonly called “the jobs report”, Non-Farm Payrolls is a major market mover. The number of working Americans is directly tied to the health of the economy which, in turn, drives the stock and bond markets. In general, when jobs numbers improve, it’s good for stocks and bad for...
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March Pending Home Sales Point To Stronger Spring Market

Posted by on May 5, 2010 in Blog, Buyers, First Time Home Buyers, Home Values, Luxury Homes, Market Updates, Sellers, The Economy | 0 comments The Pending Home Sales Index moved higher in March as home sales were spurred by low mortgage rates and an expiring tax credit. A “pending home” is a property that is under contract to sell, but not yet closed. March marks the second straight month in which the Pending Home Sales Index improved after a series of weak showings this past winter. March showed a 5 percent increase over...
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