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What’s Ahead For Mortgage Rates This Week – July 5, 2021

July 6, 2021 by Michael Addison

Last week’s economic reports included readings from S&P Case-Shiller Home Price Indices and data on pending home sales. Readings on job growth and und unemployment were also released along with weekly reports on mortgage rates and jobless claims. S&P Case-Shiller: April Home Price Gains Reach Record Highs Craig Lazzara, managing director and global head of investment strategy for S&P Dow Jones Indices, said that April’s year-over-year national home price growth rate of 14.60 percent was “ truly extraordinary.” All cities included in the 20-City Home Price Index posted higher home prices;  five cities including Charlotte, North Carolina, Cleveland, … [Read more...]

Filed Under: Financial Reports Tagged With: Case Shiller, Home Sales, Jobless Claims

What’s Ahead For Mortgage Rates This Week – June 28, 2021

June 28, 2021 by Michael Addison

Last week’s economic reports included readings on sales of new and previously-owned homes.  Weekly readings on mortgage rates and jobless claims were also released. New Home Sales Fall in May New home sales dropped to their lowest reading in a year in May with 769,000 new single-family homes sold on a  seasonally adjusted annual basis.  May’s reading was 5.90 percent lower than April’s reading of 817,000 sales but was 9.20 percent higher year-over-year. May’s decline in new home sales was caused by a 14.50 percent decrease in sales in the South; Sales rose by 33 percent in the Northeast and 4.80 percent in the West. The sales pace for new homes in the … [Read more...]

Filed Under: Financial Reports Tagged With: Financial Report, Home Sales, Jobless Claims

What’s Ahead For Mortgage Rates This Week – September 28, 2020

September 28, 2020 by Michael Addison

  Last week’s economic news included readings on new and existing home sales and Fed Chair Jerome Powell’s testimony on changing the Fed’s business loan policy. Weekly readings on mortgage rates and jobless claims were also released. Sales of New and Pre-Owned Homes Rise In August New homes sold at a seasonally-adjusted annual pace of 1.01 million sales; analysts expected the sales pace to fall to 900,000 sales from July’s reading of 965,000 new home sales. Homebuyers turned to new homes as the supply of pre-owned homes dwindled. Homeowners stayed put as fears over COVID-19 contagion limited sales. Pre-owned homes sold at a seasonally-adjusted annual rate of six … [Read more...]

Filed Under: Financial Reports Tagged With: Financial Report, Home Sales, Jobless Claims

Six Key Questions to Ask when Hiring a Real Estate Agent to Market and Sell Your Home

August 6, 2020 by Michael Addison

The work of a real estate agent can make or break how a prospective buyer feels about the property. Now that it's time to sell your home, you want to find the right agent to market it. How do you find someone you can trust who will make you feel confident they can sell your home quickly for the best price possible? Here are the questions you should be asking. Are They Licensed? This one is the easy one. You should be working with a member of the National Association of Realtors®. It is also important that you check whether they have any complaints on record about their practices. You can check with your state's real estate department as well. Are They Successful? A successful real estate … [Read more...]

Filed Under: Home Seller Tips Tagged With: Home Sales, Real Estate Agents, Selling a Home

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