New Home Builders Report Higher Sales Levels In January
February 16, 2011 by Tom Schieber
Filed under Homebuilders, Market Update, New Home Sales
Homebuilder confidence in the market for newly-built, single family homes appears stable as the spring buying season gets underway.
Retail Sales Rise For 7th Straight Month; Mortgage Rates Worsen
February 15, 2011 by Tom Schieber
Filed under Blog, Retail Sales
If consumer spending is a keystone element in the U.S. economic recovery, a full-on rebound is likely underway. Retail Sales is higher for 7 straight months and is now at an all-time high.
Foreclosure Activity Drops Throughout The Most Foreclosure-Heavy States
February 10, 2011 by Tom Schieber
Filed under Blog, Foreclosures, Market Update
Foreclosure activity is slowing. According to foreclosure-tracker RealtyTrac, the number of foreclosure filings dropped 17 percent on an annual basis last month. Monthly filings ticked higher 1 percent after a combined 23 percent decrease through November and December 2010.
Mortgage Rates Rise For The 7th Straight Day
February 9, 2011 by Tom Schieber
Filed under Adjustable Rate Mortgages, Blog, FOMC, Mortgage Rates
Mortgage rates are rising. Homeowners have lost 10% of their purchasing power since November.
Adjustable Rate Mortgages Adjusting To 3.000 Percent Right Now
February 8, 2011 by Tom Schieber
Filed under Adjustable Rate Mortgages, Blog
If your ARM is due to adjust this spring, your best move may be to let it. Don’t rush to refinance — your rate may be adjusting lower.
Home Remodeling Projects That You Should Skip
February 7, 2011 by Tom Schieber
Filed under Blog, Home Improvement
With contractors dropping prices in most U.S. markets, and a resurgence in confidence among homeowners, home remodeling projects are expected to top $125 billion this quarter. Some projects, though, should never be started.
Unemployment Rate Drops To Lowest In 2 Years
February 4, 2011 by Tom Schieber
Filed under Blog, Jobs
This morning, at 8:30 AM ET, the Bureau of Labor Statistics released its Non-Farm Payrolls report for January 2011. Mortgage rates are rising in response.
Mortgage Guidelines Starting To Loosen?
February 3, 2011 by Tom Schieber
Filed under Blog, Featured Posts, Market Update, Mortgage Guidelines
Mortgage rates remain low but qualification standards do not. Last quarter’s banking survey shows that guidelines may be loosening, though. It’s another good sign for housing.
Practical Advice : How To Help Your Home Sell Faster
February 2, 2011 by Tom Schieber
Filed under Blog, Featured Posts, Home How To, Short Sales
Home sellers that want to sell quickly should take a listen to this 3-minute interview from NBC’s The Today Show. It’s loaded with practical advice.
Homes for Sale in Brentwood CA under $250,000
February 1, 2011 by Tom Schieber
Filed under Blog, Featured Posts, Market Update, Uncategorized
