Mortgage Rates: The Record That Keeps on Breaking

Mortgage Rates: The Record That Keeps on Breaking Daily Real Estate News | Friday, July 20, 2012 The streak continues with average 30-year and 15-year fixed-rate mortgages taking yet another dip into record territory this week, according to Freddie Mac’s weekly mortgage market survey. “With little signs of inflation and the Federal Reserve’s ‘Operation Twist’…

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MUST SEE Attractions in Colorado Springs! #5

This old mining town at the base of Pikes Peak is home to the largest population of witches…I have to preface this last comment…I have heard this several times from my mother-in-law to locals, but I have yet to find legitimate independent confirmation of this fact.  But it is still something fun to think about…

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June Existing-Home Prices Rise Again

June Existing-Home Prices Rise Again Daily Real Estate News | Thursday, July 19, 2012 Existing-home prices continued to show gains but sales fell in June with tight supplies of affordable homes limiting first-time buyers, according to the National Association of REALTORS®. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums, and…

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Builder Confidence Soars by Highest Amount in 10 Years

Builder Confidence Soars by Highest Amount in 10 Years Daily Real Estate News | Wednesday, July 18, 2012 Homebuilder confidence for the newly built single-family home market posted its largest one-month gain since September 2002, according to a July housing index by the National Association of Home Builders/Wells Fargo. The giant leap helped lift homebuilder…

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The New Real Estate Market

Salesman Jim Weichert An internal message especially for the Weichert sales team. Last week, a reporter from the Wall Street Journal proclaimed in an article that “the housing bust is over.” Citing statistics from across all areas of real estate, he also references a new Wall Street Journal survey in which 44 out of 47…

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Mortgage Rates Continue Record-Breaking Streak

Mortgage Rates Continue Record-Breaking Streak Daily Real Estate News | Friday, July 13, 2012 Record-reaching rates have practically become a weekly mainstay the last few weeks for 30-year and 15-year fixed-rate mortgages. For the past 16 weeks, the 30-year fixed-rate mortgage alone has averaged below 4 percent, increasing affordability by cheapening the costs of borrowing.…

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More Home Owners Gain Equity

More Home Owners Gain Equity Daily Real Estate News | Friday, July 13, 2012 Rebounding home prices are lowering the number of home owners who are considered “underwater” on their mortgage, according to a new report by CoreLogic. More than 700,000 home owners are no longer considered “underwater,” owing more on their mortgage than their…

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Rents Keep Rising, While Home Prices Inch Higher

 Rents keep rising, while home prices inch higher By Les Christie @CNNMoney July 3, 2012: 10:26 AM ET NEW YORK (CNN Money) — As if record low mortgage rates and beaten down home prices weren’t enough to get prospective home buyers off the fence, there’s another factor that has made the case for buying even…

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