First Time Home Buyers
From the monthly archives: February 2010
First time home buyers have been watching an ever-shrinking housing supply tick higher for months now. It’s made the most desirable homes turn into multiple offer situations in many markets.
Continue Reading →Housing continues to recover, but showed a weakness in New Home Sales last month — great news for home buyers taking advantage of the tax credit.
A “new home” is any home for which there was no previous owner.
New Home Sales fell 11 percent from [...]
Continue Reading →The Case-Shiller Index was released Tuesday and shows an improving real estate market.
Continue Reading →The most recent Case-Shiller Index was released Tuesday and shows home prices are down just 2.5% on an annual basis.
Continue Reading →Small changes in mortgage rates can mean big changes. Just a 0.25% means $45/month on a $300,000 home. Even bigger, it means over $16,000 of more or less total interest over the life of the loan.
The problem is that the “news” increasingly likes to cover a report that is outdated before it is even [...]
Continue Reading →Mortgage rates jumped last week for the second week in a row. Largely, this was from hotter-than-anticipated inflation data and a surprise move by the Federal Reserve. Loans for first time home buyers rose by the largest margin in any week since late-2009. In brief, last week was all about the Federal Reserve.
Continue Reading →Mortgage rates lost for the second straight week and had their worst week since the end of last year. There was a little bit of pressure from the inflation reports, but the Federal Reserve dominated the headlines twice:
The FOMC minutes from the January meeting revealed a decidedly more confident [...]
Continue Reading →Today’s headlines read about a 6-month high in housing starts.
Some headlines on the Housing Starts story included:
U.S. Housing Starts Hit 6-Month High (Reuters) U.S. Economy Receives Home Building Boost (Shepparton) Housing Starts Post Sharp Rebound ( Continue Reading →
One of the big news items for the week was the minutes of the January Federal Reserve meeting.
Continue Reading →They were indeed influential, pushing rates to their highest levels of the year for most first time home buyer loans. The notable exception was the state programs as those are not typically driven by market fluctuation.
Continue Reading →