C21AGVoices

For homeowners in high-cost areas nationwide, conforming and FHA loan limits have dropped by as much as 14 percent.

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For homeowners everywhere, the change of season is a well-timed, “preventative maintenance” reminder.

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Despite the lowest mortgage rates of all-time, home buyers are slowing the pace at which they’re buying homes.

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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.

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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.

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According to the National Association of REALTORS®, Existing Home Sales rose 8 percent in August.

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With the change of season, it’s a good time to make sure your home’s gutter system is clean and well-functioning.

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Single-Family Housing Starts fell for the second consecutive month, dropping to a seasonally-adjusted, annualized 417,000 units in August 2011.

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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.

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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.

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