Archive

Archive for December, 2010

News Updates 12/26/2010:

December 26th, 2010 Comments off

Fences, Flowers and Flares

Real Estate News Updates Week Ending 12/26/2010:

Fannie Mae Boost Economic Outlook For 2011 On Several Factors | Fox Business News

Fannie Mae, Freddie Mac: Foreclosures Double Modifications In 3rd Q | Housing Wire

Rising Mortgage Rates Spur First Time Home Buyers In November | Housing Wire

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News Updates 12/18/2010:

December 18th, 2010 Comments off

Progression

Real Estate News Updates Week Ending 12/18/2010:

Treasury Selloff ~ 10 Year Yield Jumps ~ Futures Imply 2012 Rate Hike | CNBC

Survey: CEO’s Expect To Hire More As Sales Grow | NPR

Wall Street Finds Lucrative Market In Tax Liens | NPR

Housing Starts Edge Higher In November | CNNMoney

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Homes Have Never Been More Affordable!

December 17th, 2010 Comments off

For most individual home buyers, there are only a few factors that really matter:
Can I afford this home?
Is it a good investment?
Does it meet my family’s needs?
So it’s a bit surprising that the most important housing statistic has gone largely unreported: homes have never been more affordable. Affordability, measured by the median mortgage payment on the current median-priced home ($171,000) as a percentage of the median household income ($62,141), is lower than it’s been in a generation. The chart below shows affordability at a record level, having significantly improved since the height of the recent housing boom in 2006.

Sources: National Association of Realtors, Keller Williams Realty 7 Reasons Why Now Is a Great Time to Buy a Home!

Categories: Buying A Home, Homes

News Updates 12/11/2010:

December 11th, 2010 Comments off

Sunny Gateway

Real Estate News Updates Week Ending 12/11/2010:

Mortgage Rates Hit Six Month High | CNBC

Should You Buy Or Keep Renting? | L.A. Times

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Market Trends December 2010:

December 10th, 2010 Comments off

The housing market continues its uneven and gradual recovery without the aid of the tax credit. Experts believe this will be the trend moving forward. Interest rates have started moving back up as the overall economy improves.

Despite a less-than-expected employment report, consumers seem to be feeling brighter about the future. Consumer spending accounts for about half of all economic activity in the US; as long as consumers are spending and using debt responsibly, this is a positive indicator for economic growth.

This march back up continues to provide excellent opportunities: an ample selection of homes, affordable prices, and historically low interest rates. Experts anticipate both the economy and the housing market will continue on a path to a complete recovery.

Sources: Bloomberg.com, nytimes.com, wsj.com

Categories: Market Updates