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This week’s news is highlighted by the consumer. Today we see Consumer Confidence numbers and Friday we see Consumer Sentiment. Consumer Confidence numbers are based on a survey of consumer attitudes on present economic conditions and expectations Read More...
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Good news! It appears that Senate Democrats have recognized the tremendous value of the First Time Homebuyers Tax Credit and that it will be renewed soon. At this time, it is believed that the credit will allow anyone purchasing (even if the property Read More...
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Guide to Understanding Short Sale Foreclosure Real Estate Modern homebuyers will inevitably come across one or more properties currently classified as a short sale. A short sale is an attempt by the current owner to sell a home in lieu of the bank taking Read More...
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Interest rates hit a level of resistance last week amid another group of contradicting economic reports. Consumer Sentiment, which measures both current conditions as well as expectations, dropped on both levels. Rebounds in the housing market, as well Read More...
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Time may not be running out after all for buyers seeking to take advantage of the $8,000 first-time home-buyer tax credit. The incentive is set to expire on Nov. 30, 2009. But persuading Congress to extend the incentive into 2010, raise the tax credit's Read More...
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Last week’s jobless claims exceeded expectations and pointed to some encouraging news for the economy’s outlook. Initial claims fell significantly, down 33,000, in the week of October 3. The four week average is at 539,750, down 9,000 from Read More...
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The economy continues to show signs of improvement in most areas besides employment. Last week's manufacturing data came out as expected. Which is a good thing. The overall outlook for manufacturing and industrial output is improving every month and Read More...
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With Labor Day and the official end of summer just a week away, I can't help but notice some of the trees in my neighborhood already starting to change colors. The passing of one season brings the beginning of another and I can't help but compare Read More...
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Last week saw more mixed news on both the housing market and economy in general. Existing home sales were up 7%, which was the largest increase in two years. Since existing sales make up a majority of all sales, this was very well received. Jobless claims Read More...
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WASHINGTON — The U.S. housing market is rebounding faster than expected. The question is, can it last? Home resales in July posted the largest monthly increase in at least 10 years as first-time buyers rushed to take advantage of a tax credit that Read More...
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Do you like your economy "shaken" or "stirred"? Paraphrasing James Bond's martini preference is probably not the healthiest way to describe the US economy, but it is appropriate. Some news being released (Consumer Price Index and Read More...
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Annual Percentage Rate (APR) is a tool that consumers can use as a starting point to compare loan programs. However, it's important to keep in mind that APR is not a perfect system, and not all lenders calculate APR in the same way. While the Federal Read More...
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Last week's initial jobless claims ended up better than expected. The current four week average was 555,250, more than 50,000 less than the average in June. Continuing claims though bucked this trend and were up by 69,000 to 6.3 million for the week Read More...
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RISMEDIA, June 22, 2009-(MCT)-Less than a week after putting his newly renovated house in Idylwood, Texas, on the market, Derrick DeCristofaro accepted a full-price offer of $242,900 on the 1940 bungalow. But the appraisal on the 1,780-square-foot home Read More...
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Last week provided additional evidence that the economy is recovering. While we saw a rather depressing Consumer Confidence report on Tuesday, the one most investors were watching was the GDP (Gross Domestic Product) for the second quarter. While the Read More...
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