Our Blawg
New Home Supply Remains Firmly In "Seller's Market" Territory
According to the U.S. Census Bureau, the number of new homes sold jumped to 389,000 units in September 2012 on a seasonally-adjusted, annualized basis.
read moreSimple Explanation Of The Federal Reserve Statement (October 24 , 2012)
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday.
read moreHome Supplies Drop To Multi-Year Low
The National Association of REALTORS® reports Existing Home Sales at 4.75 million units in September 2012 on a seasonally-adjusted, annualized basis, an 11 percent increase from one year ago.
read moreWhat's Ahead For Mortgage Rates This Week : October 22, 2012
Mortgage markets worsened last week, taking mortgage rates higher. The Federal Open Market Committee meets this week.
read moreHow To Improve Your FICO Score
The credit score average for approved mortgage applicant was 750 last month. From The Today Show from NBC, here are basic tips to maximize your FICO.
read moreSingle-Family Housing Starts Rise To 4-Year High
According to the U.S. Census Bureau, on a seasonally-adjusted, annualized basis, Single-Family Housing Starts rose to 603,000 last month, an 11 percent increase from the month prior and the highest reading in more than 4 years.
read moreHome Builder Confidence Moves To 6-Year High
Tuesday, the National Association of Homebuilders reported its monthly Housing Market Index (HMI) at 41, a one-tick improvement from September and the highest HMI value since June 2006 — a span of 77 months.
read moreBuyers Win 6.6 Percent Increase In Purchasing Power
Home purchasing power is up 6.6% since the start of the year.
read moreWhat's Ahead For Mortgage Rates This Week : October 15, 2012
Mortgage markets improved slightly last week. With a dearth of new U.S. economic data due for release, investors turned their collective attention to the Europe, China, and the Middle East. U.S. mortgage rates fell slightly in the holiday-shortened week.
read moreFlorida Takes Top Foreclosure Slot For September 2012
According to foreclosure-tracking firm RealtyTrac, in September, the number of foreclosure filings nationwide fell 7 percent from the month prior, and fell 16 percent from September 2011.
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