Jan
5
What’s ahead for home prices?
January 5, 2010 | 1 Comment
The housing market seemed to catch its breath after struggling to recover from the most severe downturn since the Great Depression in the 2nd half of 2009. The first-time homebuyers tax credit and low mortgage rates lured buyers who’d been dithering and helped move the glut of foreclosures that has been dragging down home values. Sales [...]
Jan
4
Home Sales Drive the Recovery
January 4, 2010 | Leave a Comment
It’s been a long time coming, but thanks to the improving housing market the economy seems to be pulling out of the recession. Existing home-sales rose 7.2 percent from June to July to post a seasonally adjusted annual rate of 5.24 million units. This was the highest monthly increase in the last 10 years. Resales [...]
Nov
9
Good News!
November 9, 2009 | Leave a Comment
The FOMC held their meeting earlier this week and as expected left rates unchanged. The policy statement continued to state that rates will remain this way for an extended period of time. All of this was expected by the markets and wasn’t really anything new.
However the employment report released this morning was weaker than expected [...]