Monthly Archives: February 2014

Mortgage Interest Rates | What Home Buyers Want

Buyers want reasonable asking prices. Gone are the days of multiple offers on overpriced homes, with desperate buyers waiving appraisals, contingencies and inspections in an attempt to win a bidding war. Get professional opinions of the current market value of your home before establishing your asking price. Ask your real estate agent to conduct a comparative market analysis (CMA), evaluating the    .. more …

Existing Home Sales | Why Bad Weather Hampered January’s Existing Home Sales

Restricted supply has been the theme of the U.S. housing market over the past year At the end of January, there were 1.9 million existing homes for sale, representing a 4.6-month supply. This is higher than the 4.4-month supply a year ago. A level of six to 6.5 months indicates a balanced market. So, while inventory is building, we’re still at tight levels. As professional investors have become    .. more …

New Home Sales | New Home Star Expands Florida Operations With Arthur Rutenberg Relationship

Orlando, FL (PRWEB) February 21, 2014 Sales and marketing experts New Home Star are proud to announce the launch of a new relationship with Arthur Rutenberg Homes in Eastern Florida. The New Home Star Central Florida Division will be managing all sales recruiting, training, and management for Arthur Rutenberg franchisee Oceanside Homes and Remodeling LLLP in Flagler and Volusia Counties.Arthur    .. more …

Existing Home Sales | Existing Home Sales Fall 5.1% In January 2014, To Lowest Level Since July 2012

Existing home sales dropped 5.1% in January, hitting their lowest levels since July 2012, according to data released Friday by the National Association of Realtors. In addition to the winter weather, the NAR blamed rising home prices and mortgage rates, as well as the ongoing inventory shortage.In January, existing home sales dropped to an annualized rate of 4.62 million (seasonally adjusted),    .. more …

New Home Sales | Housing Weakness: Temporary Or Enduring?

The recent data for housing has been weak, with new home sales and housing starts mostly moving sideways over the last year (with plenty of ups and downs, and I expect downward revisions to Q4 new home sales). Existing home sales have declined 14% from a peak of 5.38 million in July 2013 on a seasonally adjusted annual rate basis (SAAR), to just 4.62 million SAAR in January.There are several    .. more …

Existing Home Sales | Existing-Home Sales Drop In January While Prices Continue To Grow

WASHINGTON, DC–(Marketwired – Feb 21, 2014) – Existing-home sales fell in January to the lowest level in a year-and-a-half, but ongoing inventory shortages continue to lift prices in much of the U.S., according to the National Association of Realtors .Total existing-home sales 1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, dropped 5.1    .. more …

Existing Home Sales | Canadian Existing Home Sales Declined For 5th Month In January

By Leah SchnurrTORONTO, Feb 14 (Reuters) – Sales of existing homes in Canada fell in January for the fifth month in a row as unusually harsh winter weather discouraged potential house hunters, the Canadian Real Estate Association (CREA) said on Friday.Sales activity was down 3.3 percent last month from December, data from the industry group for Canadian real estate agents showed.Activity was 9.1    .. more …

New Home Sales | US Open: Stocks Edge Higher After Sell-off, But New Homes Sales Drop

LONDON (ShareCast) – - New home sales drop seven per cent- Caterpillar (NYSE: CAT – news ) beats forecasts, reports strong guidance- Markets await Apple (NasdaqGS: AAPL – news ) resultsDow Jones: 0.34%Nasdaq: -0.02%SP 500: 0.21%It was a tentative start for US markets on Monday with indices opening flat to slightly higher in the aftermath of last week’s sell-off as investors reacted to a drop in    .. more …

Mortgage Interest Rates | Get Set For Rising Interest Rates Says NZ Bankers' Association

Now is a good time to prepare for rising mortgage interest rates said the New Zealand Bankers’ Association in response to the Reserve Bank of New Zealand’s Official Cash Rate statement today.While the OCR has been left unchanged at 2.5%, the Reserve Bank has recently projected the cash rate could rise by 2.25% over the next two years.”Mortgagors have enjoyed historically low interest rates for    .. more …

New Home Sales | El Paso New Home Sales Down, Resale Up In 2013 Market

A shortage of home lots, the federal government’s budget woes, and continued tight lending requirements hurt new home sales and home construction in El Paso County last year, those in the home building industry reported. El Paso new home sales declined more than 13 percent, preliminary data shows. The number of new home construction permits issued in El Paso, Socorro and Horizon City declined 10.6    .. more …