Carl Rizzuto's (crizzuto) Blog

Real Estate Agent - Keller Williams Realty
Despite Low Rates, Pending Home Sales Slip In August Despite the lowest mortgage rates of all-time, home buyers are slowing the pace at which they’re buying homes. According to the National Association of REALTORS®, on a seasonally-adjusted basis, the Pending Home Sales Index fell 1 percent in Au...
Existing Home Sales Jump; Home Supplies Falling Are home resales rebounding? According to the National Association of REALTORS®, Existing Home Sales rose 8 percent in August from the month prior, and 19 percent as compared to August of last year. “Existing homes” are homes that are previously own...
Building Permits Rising Nationwide; Housing Starts To Follow Single-Family Housing Starts fell for the second consecutive month, dropping to a seasonally-adjusted, annualized 417,000 units in August 2011. A “Housing Start” is defined as a home on which ground has broken. We shouldn’t put too much...
A Simple Explanation Of The Federal Reserve Statement (September 21, 2011 Edition) Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The vote was 7-3 — the second straight meeting at which the FOMC adjo...
Homebuilder Confidence Stays Flat Homebuilders are feeling worse about the market for new homes nationwide. With construction credit tight and competition from foreclosures increasing, the National Association of Homebuilder’s Housing Market Index slipped 1 point in September, falling to levels j...
Annual Foreclosure Filings Down For 11th Straight Month On an annual basis, foreclosure filings fell last month. As compared to August 2010, last month’s foreclosure filings dropped 33 percent. ”Foreclosure filing” is a catch-all term, comprising default notices; scheduled auctions; and bank repo...
Choosing A 15-Year Fixed Rate Mortgage Over A 30-Year Fixed Rate Mortgage It’s not just 30-year fixed rate mortgages that are posting all-time lows these days. The 15-year mortgage has been plunging, too. If you’ve ever considered a 15-year loan term, it’s a terrific time to talk to your lender. ...

Carl Rizzuto

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