Despite the lowest mortgage rates of all-time, home buyers are slowing the pace at which they’re buying homes.
Real Estate Wisdom and Information From CENTURY 21 Advantage Gold -The Only CENTURY 21 Firm With Offices in Pennsylvania AND New Jersey!
Despite the lowest mortgage rates of all-time, home buyers are slowing the pace at which they’re buying homes.
The most recent Case-Shiller Index shows a 0.9% rise in home values from June to July 2011. Home values were higher in 17 of the 20 tracked cities.
According to the Census Bureau, the number of new homes sold slid for the fourth straight month in August, easing 2 percent from July. On a seasonally-adjusted, annualized basis, home buyers bought 295,000 newly-built homes last month.
According to the National Association of REALTORS®, Existing Home Sales rose 8 percent in August.
With the change of season, it’s a good time to make sure your home’s gutter system is clean and well-functioning.
Single-Family Housing Starts fell for the second consecutive month, dropping to a seasonally-adjusted, annualized 417,000 units in August 2011.
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 Federal Open Market Committee adjourns from a two-day, scheduled meeting today, the sixth of 8 scheduled meetings this year, and the seventh Fed meeting overall. Mortgage rates will be volatile.
Homebuilders are feeling worse about the market for new homes nationwide.
According to the U.S. Environmental Protection Agency, a common class of airborne toxins known as Volatile Organic Compounds (VOCs) is ruining indoor air quality, and causing some U.S. homeowners to become dizzy, asthmatic, and ill. How healthy is the air in your home?
Bill Lublin
Ninja CEO
REreflections
Heather Shafter
REALTOR
heathershafter.com
Anne Rubin
Broker/Owner
AnneRubin.com
Mary Bauman
Marketing Dir.
www.c21ag.com
Al Perry
Broker/Owner
AlPerryHomes.com
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