Ignore The Case-Shiller Index; Focus On The Future Instead

On March 2, 2011 By

December’s Case-Shiller Index showed major devaluations nationwide. As compared to December 2009, on a year-over-year basis, home values fell in 18 of the Case Shiller Index’s 20 tracked markets, and the U.S. National Index dropped 4 percent overall. The retreat puts December’s home values at similar levels as compared to early-2003.

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Pending Home Sales Drop. For Now.

On March 1, 2011 By

After the first time home buyer tax credit expired last year, home sales dropped as would be expected.

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Pending Home Sales Drop For Second Straight Month

On March 1, 2011 By

After a strong run to close out 2010, the market for home resales softened a bit in January.

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Interest Rate Predictions | Week of February 28, 2011

On February 28, 2011 By

FHA interest rates and their conventional counterparts hit a 3-week low following four straight weeks of rising interest rates.

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What’s Ahead For Mortgage Rates This Week : February 28, 2011

On February 28, 2011 By

Mortgage rates dropped last week, but, this week, there appears to be more reasons for rates to rise than fall. Plan accordingly.

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Loans for first time home buyers getting expensive

On February 25, 2011 By

HUD has more changes coming for FHA loans. The MIP factors are going up by 0.25% across the board in April and this directly hits the most common loan program for first time home buyers.

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New Home Sales Crater In January, Opening The Door For Deals With Builders

On February 25, 2011 By

In its monthly New Home Sales release, the U.S. Department of Commerce showed a 13 percent drop-off in annualized new construction sales between the months of December and January. It’s the biggest one-month drop in New Home Sales since May 2010.

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Existing Home Supply Is Plummeting–Down 40% In Last 6 Months

On February 24, 2011 By

With supplies falling and the repeat buyers beginning to dominate the market, the forecasts are for rising home prices in the coming months.

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Existing Home Supply Down 40% In Last 6 Months

On February 24, 2011 By

Home resales rose another 2.7 percent last month, according to the National Association of REALTORS® monthly Existing Home Sales report.

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All-Time Higher For Cost of Living

On February 23, 2011 By

Since the beginning of November and the Fed’s QE2 policy announcement, mortgage rates have shot up 0.875%. To put it in perspective, that change in rates pushed down home buyer purchasing power by more than 10%.

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