From the monthly archives: May 2010

Home Supply Plummets

On May 28, 2010 By

At the current sales pace, the nation’s complete supply of new homes would be sold in just 5 month’s time. With mortgage rates exceptionally low, this could be the best time to buy.

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Home Values Rise 0.3% in March 2010

On May 26, 2010 By

Still, for all of its flaws, the Home Price Index is watched because the government, banks and businesses all use the report as a very general forecast of the market. It’s just not related to the price that you will end up paying for that home.

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Home Supply Ticks Higher — Buyer Opportunities Exist

On May 25, 2010 By

April revealed another good month of home sales, in part fueled by the first time home buyer tax credit expiration and continued low, low mortgage rates.

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Mortgage Rate Predictions: Week of May 24, 2010

On May 24, 2010 By

Mortgage rates improved yet again last week on continued bad news out of Greece, now to the point where it is impacting the entire Eurozone.

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Mortgage Rates Dipped On Fed Minutes

On May 21, 2010 By

Mortgage rates have had a nice week.

We were staring at higher rates on Wednesday and then the week took a turn for the better. Wednesday afternoon saw the release of the April meeting minutes and it ignited a 2-day rally.

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Housing Starts Higher

On May 19, 2010 By

Home prices are based on housing’s supply and demand. For the next few months, supply should elevate, helping prices remain suppressed, after which, supply should dwindle. The best time to buy a home, therefore, may be right this very minute.

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Mortgage Rate Predictions: Week of May 17, 2010

On May 17, 2010 By

Loan rates improved slightly last week. In this week’s mortgage rate predictions we’re looking at a full calendar of economic data.

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Mortgage Rates: Expect volatility for week of May 17, 2010

On May 17, 2010 By

Mortgage rates for common first time home buyer programs, including FHA and conventional loans, improved last week.

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Foreclosure Activity Drops

On May 13, 2010 By

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.

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Relocate America's Top 100 Places To Live (2010 Edition)

On May 12, 2010 By

Relocate America recently released its 2010 list of Top 100 Places To Live In America. The rankings are topped by some cities you may expect, and some you may not.

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