First Time Home Buyers
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.
Continue Reading →With supplies falling and the repeat buyers beginning to dominate the market, the forecasts are for rising home prices in the coming months.
Continue Reading →Home resales rose another 2.7 percent last month, according to the National Association of REALTORS® monthly Existing Home Sales report.
Continue Reading →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%.
Continue Reading →Inflation fears are harming home buyers. The Cost of Living has reached a record level, surpassing the former peak set in July 2008. Mortgage rates would be rising more right now if not for the Middle East unrest.
Continue Reading →The Federal Reserve released its most recent meeting minutes Wednesday. Fed Minutes are the unabridged version of the succinct, more well-known “Fed Statement” that’s released immediately post-adjournment.
Continue Reading →The Federal Reserve released its most recent meeting minutes Wednesday. Fed Minutes are the unabridged version of the succinct, more well-known “Fed Statement” that’s released immediately post-adjournment.
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