This week was fairly quiet, except for two Bond auctions that want off, one good and one bad. The up escalator trend continued this week as well, boding well for mortgage rates. I am still taking an overall Floating position long and short. Next week is jam-packed with reports…watch the video for details….
- The Cost of a Home Is Far More Important than the PriceHousing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported: “Newly pending sales are up 25.5% compared to the same week last year, the highest year-over-year increase in the weekly Zillow database.” Whenever there […]
- Is the Economic Recovery Beating All Projections?Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months later, the economy is still trying to stabilize, but it is evident that the […]
- Homes Across the Country Are Selling Fast [INFOGRAPHIC]Some Highlights Buyers are actively searching for and purchasing homes at a record-breaking pace. According to the latest report from the National Association of Realtors (NAR), in July, 68% of homes were on the market for less than a month. With homes moving from listing day to pending sale in an average of just 22 days, it’s a great time to sell a house. L […]
- The Cost of a Home Is Far More Important than the Price