New Home Sales Tumble in February.WF reportI uploaded this report for you to review. Again, keep your eye on the pendulum. It appears that new home construction is also finding it’s bottom. Timing may also be good to look into the opportunities that will surround this business in the future. Source: Wells Fargo Securities
Got a rate sheet last week from Bank America, Craig Tiffany. Quote then was: Conventional 30 year fixed-rate @ 4.75% Conventional 15 year fixed-rate @ 3.875% 5/1 ARM @ 3.125% FHA/VA 30 year fixed-rate @4.75% Be advised that these rates won’t last forever…they will go up. A rate increase of 1% and if your payment…
Currently at 63.4, down from 72.0 in February. In March 2009, 26.0. In March 2010, 52.5. So as you can see, we have come a long ways. The future looks really bright. DON’T WAIT TO BUY REAL ESTATE, BUY REAL ESTATE AND WAIT! Source: Consumer Conference Board
As of this morning there are 172 lakehome/cabins listed for sale in the MLS in Douglas County. In 2010, we sold and closed 100 lakehome/cabins in Douglas County. In 2009 there were 84 sales and in 2008 there were 82 sales. I’m sure that by the time the season ends that there will have been…
In reading the U.S. Population clock(under www.census.gov/population) the number today stands at 311,066,702. If you read the blog from December 22, 2010, the last census reported 308,745,238 residents. That’s where the official number stands for the last census of 2010. The census report for 2000 was that the United States population was 281,421,906. If you…
Regardless what one watches on TV, our economy is fine…however, there is risk. But, there always has been. To say that a full-scale depression was averted I think is an understatement. I believe that the Federal Reserve is ultimately responsible for reacting as quickly as they did and moving the money supply into the market…
The feeds that I get are interesting…I must say that the one from Wells Fargo (it used to be from Wachovia Securities till Wells acquired them) is good. You can get on their list to receive the data…but nonetheless, the data is assimilated well so one can read it. 3.18.11 “Housing market indicators reported this…
NewHomeSalesTumble.Feb.2011OPINION: “It appears that housing starts is hovering near some sort of bottom. That’s good news, because it only goes up from the bottom. Based on what I am reading, this could be a double-dip in the housing sector. Everything I read up to this point says that prices will fall first-half of 2011, before…
This is the 2006 study, best one I got… (CLICK HERE)hopefully, we will see another one soon Source: MnDot
Data released this week showed that auto sales rose to their highest levels since the “Cash for Clunkers” program ended in in the summer of 2009. Total vehicle sales climbed to a 13.4 million annualized rate in February, a 27 percent increase from the previous year. In the United States, domestic sales in February matched…
