Three years to the week after Hurricane Katrina caused $81.2 million in damages, Tropical Storm Gustav is charting a similar Gulf of Mexico path. Memories of Katrina are making oil traders nervous. The 2005 storm shut down 30 platforms and 9 refineries. And, this week, oil prices are up nearly 4 percent on fears that the […]
Entries from August 2008
Why Weather Moves Mortgage Rates!
August 30th, 2008 · Comments Off on Why Weather Moves Mortgage Rates!
Tags: Mortgage Lending · News
4 great reasons to buy a home now
August 28th, 2008 · Comments Off on 4 great reasons to buy a home now
Photo Courtesy of PRZD at creativecommons.org The end of summer is quickly approaching and with an increase in home inventory right now, a potential homebuyer has a huge range of home choices.. Here are some great reasons why right now is a great time to buy a home. Income Tax Savings Because of income tax […]
Tags: Blogging
Mortgage Insurance Rates Increase
August 27th, 2008 · Comments Off on Mortgage Insurance Rates Increase
Private Mortgage Insurance (PMI) is an insurance policy paid to a lender in the event that a homeowner defaults on his home loan. With the growing number of mortgage defaults nationwide, mortgage insurers are finding their balance sheets under attack and their revenues in the red. So far this year, mortgage insurers have paid out […]
Tags: Consumer Lending · Economy · Mortgage Lending
Fewer Housing Starts is better for Homeowners!
August 26th, 2008 · Comments Off on Fewer Housing Starts is better for Homeowners!
Housing Starts measure the number of new housing “units” on which construction has started and in July, Housing Starts fell to its lowest levels since March 1991. For homeowners, this is a welcome bit of good news because as fewer homes are built, there is less inventory from which home buyers can choose. With fewer […]
Tags: Consumer Interest · Real Estate
House Hunting Made Easy
August 25th, 2008 · Comments Off on House Hunting Made Easy
Photo courtesy of creativecommon.org and Post406 As a future first time home buyer in the Philadelphia area there are many things I’m going to look for in a real estate website: multiple property photos, detailed neighborhood information, financing options and moving tips. CENTURY 21Advantage Gold teamed up with REALTOR.com to provide buyers and sellers with the best […]
Tags: Consumer Interest · Real Estate · Technology
Reality TV and Real Estate
August 24th, 2008 · Comments Off on Reality TV and Real Estate
A look at how reality TV plays a part in the real estate market today.
Tags: Consumer Interest · Opinion · Real Estate
RIP Newspaper Real Estate Sections
August 21st, 2008 · Comments Off on RIP Newspaper Real Estate Sections
There is a lot of conversation in the real estate industry about print advertising being overtaken by on-line alternatives. There are surveys that show that most buyers start their search for homes on th Internet, and obviously it is better for the consumer to see more photos,in color, with maps and statistics,then it is to […]
Tags: Consumer Interest · News · Opinion · Real Estate
Real Estate is Still the Same
August 20th, 2008 · Comments Off on Real Estate is Still the Same
Real Estate “Back in the Day” The more things change, the more they stay the same. 25 Years ago, Century 21 was helping consumers look for homes, dealing with affordability concenrs, and using computers that look like they were powered by hand cranks. Century 21 Advantage Gold agents still use technology to help consumers, and […]
Tags: Just For Fun · Real Estate
International Events Impact Local Rates
August 19th, 2008 · Comments Off on International Events Impact Local Rates
The connection between the world’s political events and home affordability here at home is not always clear, but Russia’s invasion of Georgia provides a strong working lesson. Georgia is a former Soviet republic on the eastern shores of the Black Sea. Oil pipelines within its territory supply about 1 percent of the world’s daily oil […]
Tags: Economy · Mortgage Lending · Real Estate
Why National Housing Prices Don’t Mean Much
August 18th, 2008 · Comments Off on Why National Housing Prices Don’t Mean Much
Each month, the National Association of Realtors® releases a study called the Existing Home Sales report. It’s a detailed look at “used” home sales data from all four regions of the country. One of the key findings in each Existing Home Sales report is something called the “median sales price”, the statistical price point at […]
Tags: Consumer Interest · Economy · Mortgage Lending · Real Estate