U.S. Housing Market Trends

September 2, 2011

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Contracts for sale of existing homes dropped for the first time in three months. Maybe it was just a summer phenomenon, with people focused more on vacations and back-to-school shopping than buying homes. Well, we can all hope so because the news doesn’t really bode well otherwise. The 1.3 percent slip is a sign that [...]

New & Existing Home Sales Drop along with U.S. Average Price

August 19, 2011

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When it comes to sweet mortgage deals, if you are hunting for a brand new home, chances are they are diminishing in numbers, albeit slowly. The U.S. Commerce Department said Tuesday that new housing starts slid 1.5 percent in July to an annualized rate of 604,000 units, compared with 613,000 the previous month. It’s a [...]

With 30-Year Mortgage Interest Rates Low, Is it a Buyer’s Market?

August 12, 2011

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S&P Downgrades Ratings of Fannie Mae and Freddie Mac Exactly a week ago, Standard & Poor deemed the U.S. a not-so-lucrative investment by lowering the country’s credit rating. Wall Street hated the news. If that wasn’t bad enough, S&P added more salt to the wounds on Monday by downgrading its rating of mortgage behemoths Fannie [...]