Last month, the number of new homes sold on an annualized, seasonally-adjusted basis tallied 319,000. The May reading is the second-highest of the year, and 6 percent above the current 12-month average.
New Home Supplies Drop, And So Does Homebuilder Confidence
June 24th, 2011 · Comments Off on New Home Supplies Drop, And So Does Homebuilder Confidence
Tags: Housing Analysis
A Simple Explanation Of The Federal Reserve Statement (June 22, 2011 Edition)
June 22nd, 2011 · Comments Off on A Simple Explanation Of The Federal Reserve Statement (June 22, 2011 Edition)
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 vote was 10-0 — the fourth straight unanimous vote for the nation’s Central Bank.
Tags: Federal Reserve
Existing Homes Sales Slip In May
June 22nd, 2011 · Comments Off on Existing Homes Sales Slip In May
Home resales slipped 4 percent in May, falling below the 5,000,000-unit mark on a seasonally-adjusted, annualized basis for the first time since February.
Tags: Housing Analysis
Homebuilder Confidence Slips To 9-Month Low
June 21st, 2011 · Comments Off on Homebuilder Confidence Slips To 9-Month Low
If you’re a home buyer and have considered “buying new”, the time may be right for making an offer. Financing is cheap, home values are low, and builders are pessimistic — a terrific combination for today’s home buyer.
Tags: Housing Analysis
How To Clean Outdoor Furniture : Resin, Wood And Metal
June 20th, 2011 · Comments Off on How To Clean Outdoor Furniture : Resin, Wood And Metal
This week marks the official start of Summer. If your home’s outdoor area has furniture on it, you’ll want to make sure that furniture is clean.
Tags: Around The House
Housing Starts Climb Unexpectedly In May
June 17th, 2011 · Comments Off on Housing Starts Climb Unexpectedly In May
The housing market received a jolt of good news Thursday. The Commerce Department reports that Single-Family Housing Starts improved in May.
Tags: Housing Analysis
Monthly Foreclosure Count Drops For 16th Straight Month
June 16th, 2011 · Comments Off on Monthly Foreclosure Count Drops For 16th Straight Month
According to foreclosure-tracking firm RealtyTrac, monthly foreclosure filings fell 2 percent in May to just under 215,000 filings nationwide. Foreclosure counts have now dropped over 16 consecutive months, dating back to January 2010.
Tags: Housing Analysis
Mortgage Rates Surge On May Retail Sales Figures
June 15th, 2011 · Comments Off on Mortgage Rates Surge On May Retail Sales Figures
Retail Sales rose for the 11th straight month in May. Excluding cars and auto parts, sales receipts climbed to $322 billion last month. It’s an all-time high and another example of the U.S. economy’s resiliency.
Tags: The Economy
Is This The Start Of A Refi Boom? Mortgage Rates Fall For 8 Straight Weeks.
June 14th, 2011 · Comments Off on Is This The Start Of A Refi Boom? Mortgage Rates Fall For 8 Straight Weeks.
Mortgage rates have dropped 8 weeks in a row. Not even last year’s Refi Boom produced an 8-week winning streak. This season’s streak is historic.
Tags: Mortgage Rates
20 Craft Projects To Spice Up Your Home
June 13th, 2011 · Comments Off on 20 Craft Projects To Spice Up Your Home
If you have a flair for home decoration projects, Better Homes & Garden has some terrific ideas for you on its website.
Tags: Around The Home