There was good news on Friday as Consumer Sentiment rose to 75.3, which is the best level since February of 2011. However, this news was tempered by the rise in oil prices. On the one hand, high … [Read more...]
Weekly Economic Summary – Feb 22, 2012
February 22, 2012 By Leave a Comment
Housing Starts came in better than expected, while both the New York Empire State Index and the Philadelphia Fed Index reported positive manufacturing news. The Weekly Initial Jobless Claims fell by … [Read more...]
Buy a House, Get a Visa
February 16, 2012 By Leave a Comment
WSJ's Nick Timiraos details a proposed plan in which foreigners who spend $500,000 in cash on U.S. real estate would be given visas. To fuel this demand, the proposed measure would offer visas to any … [Read more...]
Mortgage Rates Hit New Record Lows
December 28, 2011 By 1 Comment
A 30-year fixed-rate mortgage averaged 3.91 percent in the week ending Dec. 22, down from 3.94 percent last week, setting a new all-time low for 30-year mortgages. "Rates on 30-year fixed mortgages … [Read more...]
Commercial Real Estate Outlook
December 11, 2009 By Leave a Comment
The third quarter of 2009 brought signs of relief to a U.S. economy fighting to emerge from what has been coined the Great Recession. Most measures of economic activity moved in upwards. However, … [Read more...]
Obama To Sign Bill Extending Homebuyers Credit
November 6, 2009 By Leave a Comment
By the time you read this, President Barack Obama will have signed a bill that expands a popular homebuyers tax credit and extends unemployment benefits. Congress on Thursday completed work on the … [Read more...]
Tax Credit Extension for First-time Home Buyers
October 31, 2009 By Leave a Comment
Published by Community Loan and Housing Program Center The Obama administration blessed the proposed extension of the $8,000 tax credit for first-time home buyers on Thursday as the Senate neared a … [Read more...]
Mortgage Rates in an Uptrend
October 31, 2009 By Leave a Comment
Mortgage rates continued to trend higher this week, according to Freddie Mac, which reported this week that the average rate on a 30-year fixed-rate loan was 5.03%, up from 5% a week earlier and from … [Read more...]
