The signs that the economy is starting to improve are subtle, but they’re out there. Whether it’s through the slowly lowering gas prices or the [...]
Quicken Loans Chairman Dan Gilbert talked with CNBC this morning about economic recovery and the mortgage industry. A question or two about the soon-to-be-NBA-champion Cleveland Cavaliers also came up.
According to an article by Reuters, housing starts dropped 10.6% to a seasonally adjusted annual rate of 529,000 units for the month of October. This is the lowest level it has been since April, and the largest percentage drop since January. Housing starts were predicted to be closer to 600,000, as September’s housing starts were at 592,000 units.
To you, this house is worth say $200k. It’s perfect. Just off the highway, easy commute, you love the color purple, and you think overgrown ivy is charming. You are willing to pay 200k for it – so it must be worth that right?
Treasuries are little changed this morning before the new home sales report which is expected to show that new home purchases rose last month suggesting that the economy may be showing signs of recovery.
Home prices across the country slightly increased in June according to a report issued today. The S&P/Case-Shiller Home Price Index, which compiles price information from 20 major US cities, reported that home prices inched up 1.4% compared to the month earlier.
Great article in today’s Wall Street Journal blog about housing prices and how they may have reached their bottom. Here’s a portion of the article: [...]
What’s so great about Reverse Mortgages? Senior homeowners want to know… and quite frankly, so do their kids. Right now, reverse mortgages are gaining popularity among senior homeowners. But why? Could it be because of the FHA's announcement of new loan limits?
A lot of attention has been paid to the Federal Reserve's decision on Tuesday to cut the Federal Funds Rate by a half percent – but what does this jargon mean for consumers? The answer can be complicated.