Home Prices Increase

I’ve been talking about this for the last couple of months and now there are statistics to back it up. Home prices are back on the upswing. Still riding the fence wondering if the market is going to keep going down. Watching to see if the consumer confidence and spending starts to pick up. What [...]

NEW Underwriting Guidelines On There Way

As a reminder, Fannie Mae is rolling out new lending guidelines Tuesday, September 1, 2009.

Starting next week, being approved for a home loan could be much more difficult.

Foreclosures Continue To Concentrate Across Just 3 States

However, 3 states dominated the foreclosure list, tallying more foreclosures between them than the rest of the country combined.

Mortgage Market Forecast Week of August 10, 2009 (chart)

After better-than-expected consumer spending, housing and employment data, stock markets rallied and mortgage markets suffered.

Buyer’s Settling in and Seller’s Moving UP

If you’re a current Home owner does it make sense to sell in a buyer’s market? Is now the right time? Of course it does just do the math. With all the pieces of the puzzle in play (tax credit, low interest rates, low home prices) it can be very beneficial to sell your home [...]

Pending Home Sales Rise Again

It’s the Pending Home Sales Index’s longest winning streak since 2003 and another piece of evidence that the housing market may be rebounding.

Going, Going, Gone

With the $8,000 tax credit deadline quickly approaching, November 30th 2009, homes are flying off the market. What’s there one day is locked up in a contract the next and most of the times in a multiple bid situation. With all the economic indicators pointing in the direction that the recession is starting to rebound now is [...]