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There have been lots of confusing reports over the last few days concerning Real Estate and the housing market.
First, we received this positive news, telling us how home sales increased in February.
Then yesterday we found out that home prices declined.
Today the big news is that new home sales, or new construction, saw a decline in […]

From Bloomberg.com:
March 19 (Bloomberg) — Fannie Mae and Freddie Mac agreed to expand their purchases of U.S. mortgages and related securities after the Bush administration reduced the amount of capital the companies are required to hold as a cushion against losses.
The government-sponsored enterprises had their biggest two- day gains on […]

The Fed has cut the Federal Funds Rate again.
In a brief statement explaining their decision, Federal Reserve Chairman Ben Bernanke and his colleagues said that “financial markets remain under considerable stress.”
The Fed move was approved on a 9 to 1 vote. Richard Fisher, president of the Fed’s Dallas regional bank, dissented, preferring no change […]

Jessica from the Inman News Blog has written an outstanding post on what people call the “housing market”. Here is a snippet, but I highly recommend you read the whole thing.
At the end of the day, though, people are still buying and selling homes. Marriage, divorce, babies, new jobs — all of the usual suspects […]

Housing starts have declined to a 16 year low.
Housing starts in December fell to their lowest level since 1991 as the credit crunch and slowdown in sales continued to hobble the industry, according to a report released jointly today by the U.S. Census Bureau and Department of Housing and Urban Development.
Privately owned units authorized by […]

Everybody is talking about the Bank of America/ Countrywide deal, but what does it mean for you and me? Well obviously is good news for everybody, as is stated in this article.
Q: Does the deal represent a vote of confidence that will help stabilize the mortgage market?
Yes, according to Doug Duncan, chief economist of the […]

The following is a press release from the Greater Nashville Association of REALTOR’s, of which I am a member.
There were 2,109 home closings reported for the month of December, according to figures provided by the Greater Nashville Association of Realtors®. This represents a decrease of 32 percent from the 3,109 […]

From Reuters:
Over the next few months, existing-home sales are expected to hold fairly steady as indicated by pending sales activity, then rise later in the year and continue to improve in 2009, according to the latest forecast by the National Association of Realtors(R). Lawrence Yun, NAR chief economist, said there is a pull […]

From Realtor.org:
Freddie Mac’s statistics show a decline in interest on 30-year fixed loans to 6.07 percent from 6.17 percent last week, while 15-year fixed rates slid to 5.68 percent from 5.79 percent.
Click here to read the whole article, which also mentions a reduction in interest on Adjustable Rates Mortgages, something you might want […]

Before you go and spend lots of money on remodeling, click here to find five simple ways to increase the value of your home. These solutions are actually pretty simple and might be a good idea even if you are not planning on selling.

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