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Monthly Archives: July 2010
Shadow Inventory. Yes? No? Maybe?
Shadow Inventory. Yes? No? Maybe? Continue reading
30-Year Mortgage Rates Make New Lows, But Look Ready To Spike
No doubt you’ve heard that mortgage rates are low. They’re lower than they’ve ever been in history. The news is everywhere. But the low rate environment looks like it’s ending. Continue reading
Falling Consumer Confidence Helps Drag Mortgage Rates Lower. For Now.
For the second consecutive month, U.S. consumer confidence is plunging. July’s official reading is its lowest since July of last year and the figures run in stark contrast to just two months ago, when the index touched a multi-year high. Continue reading
Posted in Consumer Confidence
Tagged Conference Board, Confidence Index, Mortgage Rates
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Case-Shiller Shows Home Price Improvement In 95% Of Cities
Standard & Poors released its Case-Shiller Index Tuesday. On a seasonally-adjusted basis, between April and May 2010, home prices rose in 19 of Case-Shiller’s 20 tracked markets. It’s the second straight month of strong Case-Shiller findings. Continue reading
New Homes Sales Gain in June, But Gains Are Relative
June’s New Home Sales data is a major improvement over May, but gains are relative. It’s possible that the true “new home market” may be softer than the statistics suggest. Continue reading
What’s Ahead For Mortgage Rates This Week : July 26, 2010
Mortgage rates rose last week, but only slightly. Rate are still hovering near their lowest levels of all-time. Continue reading
Existing Home Sales Drop In June But Hint At Support For Higher Price Tiers
Consistent with most post-home buyer tax credit housing news, Existing Home Sales eased lower last month. The 5 percent drop in sales was expected, but a closer look at the month’s data reveals some interesting trends. Continue reading
Yes, You Can Still Get A Mortgage If You’re Pregnant
The New York Times ran an important story this week concerning pregnancy and mortgage approvals. Titled “Need a Mortgage? Don’t Get Pregnant”, the article discussed the difficulties that expecting and recently-expanded families are having with their mortgage financing. Continue reading
Housing Starts Ease 0.7 Percent In June — 7x Better Than The Headline Data
Single-family Housing Starts eased lower last month, falling by 0.7 percent from May, or 3,000 units nationwide. Continue reading
Housing Market Holds Its Own: Life after the Tax Credit
Housing Market Holds Its Own: Life after the Tax Credit Continue reading