Carl Rizzuto's (crizzuto) Blog

Pending Home Sales Rise To 22-Month High The housing market appears headed for a strong spring season. After a brief setback in December, the Pending Home Sales Index resumed its climb in January, posting a 2 percent gain over the month prior. The data puts pressure on Jupiter home buyers. This i...

Federal Reserve Wary Of European Spillover The Federal Reserve has released the minutes from its 2-day meeting January 24-25, 2012. The Fed Minutes is a summary of the conversations and debates that shape our nation’s monetary policy. It receives less attention than the Fed’s more well-known, pos...

Existing Home Sales Climb To A 20-Month Record January’s home resales moved to a 20-month high — additional evidence that the nation’s housing recovery is underway. According to the National Association of REALTORS®, the January 2012 Existing Home Sales showed 4.57 million units sold last month o...

Housing Starts Stay Strong; Building Permits Rise. The housing market has carried forward its year-end momentum. According to the Census Bureau, on a seasonally-adjusted, annualized basis, January’s Single-Family Housing Starts crossed the half-million unit marker for the second straight month. T...

With Retail Sales And Consumer Confidence Rising, Home Prices Are Expected To Follow The U.S. economy continues to show signs of a rebound. According to the Census Bureau, Retail Sales climbed to $329 billion last month on a seasonally-adjusted basis, excluding automobiles. January’s data marks t...

Fewer Jobless Claims Suggests Higher Home Prices Ahead Economists believe the strength of the 2012 housing market will be closely tied to jobs. If they’re right, the housing market is ripe for a boost. It spells good news for Hobe Sound home sellers and may mean the end of bargain-basement prices...

Revamped HARP : Unlimited Loan-to-Value And Same Great Rates The government’s new, revamped HARP program is 6 weeks from release. Homeowners in New York and nationwide are gearing up to refinance. HARP is an acronym. It stands for Home Affordable Refinance Program. HARP is the government’s loan p...