ARCHIVED BLOG POSTS
2011
New Home Sales Fall To All-Time, Recorded Low. Maybe. Sales of newly-built homes plunged 17 percent to an seasonally-adjusted, annualized 250,000 units in February, and the supply of new homes rose to 8.9 months in February - a 1.5 month jump from January. It's the lowest New Home Sales reading...
03/28/2011
Homebuilders Expect More Sales Volume This Year Homebuilders are optimistic about the housing market this spring, relative to recent months. According to the monthly Housing Market Index as published by the National Association of Homebuilders, after 4 straight months of reading 16, March homeb...
03/21/2011
Good News For Sellers - Housing Starts Plummet In February Single-family housing starts plunged unexpectedly last month. Nationwide, starts fell 12 percent from the month prior; and 29 percent from February of last year. February's figures represents the worst 1-month drop in housing starts sin...
03/18/2011
A Simple Explanation Of The Federal Reserve Statement (March 15, 2011 Edition) Today, for the second straight meeting, the Federal Open Market Committee voted unanimously to leave the Fed Funds Rate unchanged within its target range of 0.000-0.250 percent. The vote was 10-0. In its press releas...
03/16/2011
FHA Streamline Refi Changes : No Income, No Job Required FHA Streamline Refinance guidelines are changing. For the better. In an effort to improve its loan portfolio, the FHA is loosening approval standards on its popular refinance program, rendering large groups of homeowners suddenly FHA Stre...
03/11/2011