This release is dwarfed by tomorrow’s jobs data. Investors will likely spend the day squaring up positions in front of tomorrow’s payrolls report.
According to a recent MSN article, property values are close to bottoming out in most areas. The reason for the slowed but still current drop in housing prices is the backlog of foreclosures and short sales. With greater inventory on the market, housing prices cannot recover until the large inventory is purchased.
With the first-time home buyer tax credit extension, many buyers are flooding into the market for a new home. But in the midst of the rush for a new home at a cheap price, beware of a recent problem with poorly created drywall, now known as “Problem Drywall.”
With the first-time home buyer tax credit now extended to existing homeowners, homeowners are now looking for ways to sell their current home to make that upgrade into a better home. Despite the low property values which make this a buyer’s market, there are still some things you can do to make that potential buyer bid higher. Here are 5 tips on selling your home, without doing drastic renovations or costly repairs.
This morning’s release of the MBA Mortgage Applications index showed that applications improved slightly by 0.5% last week. Also, the market will be closely reviewing the 2PM release of the FOMC meeting minutes to garner any information on future policy changes.
Treasury and mortgage bond prices are higher this morning ahead of this year’s first bit of U.S. housing data. It comes in the form of November Pending Home Sales, which are expected to decrease 2.0% month over month.
The Pending Home Sales Index revealed a 16% decrease in housing contracts signed in November. The numbers came in at 96.0, which is down from the upwardly revised 114.3 in October 2009.
Buying a new home is exciting, and also a bit overwhelming. As you move into the new place, ideas of customization, home improvement, and repairs are flooding the to-do lists. So what are some good steps to begin with?
According to Reuters, Chairman Ben Bernanke gave a speech last Sunday defending the Fed’s low rates.
The ISM Index finished off on a high note today at 55.9, which is significantly higher than November’s 53.6. Readings above 50 indicate economic expansion.