Market updates and data
Market Update for the Week of May 7, 2012
Monday, May 07, 2012
QUOTE OF THE WEEK..."One person with a belief is equal to a force of 99 who have only interests." --John Stuart Mill, British philosopher and political economist INFO THAT HITS US WHERE WE LIVE... Happily, it's becoming easier to believe the housing market is turning around, although in fits and st...
READ MOREMarket Update for the week of April 30, 2012
Wednesday, May 02, 2012
QUOTE OF THE WEEK..."Opportunity is missed by most people because it is dressed in overalls and looks like work." --Thomas Edison, American inventor INFO THAT HITS US WHERE WE LIVE... Those who continue to work the housing market are in fact seeing more opportunity. Thursday's Pending Home Sales ro...
READ MOREMarket Update for the week of April 23, 2012
Tuesday, April 24, 2012
QUOTE OF THE WEEK..."A great pleasure in life is doing what people say you cannot do." --Walter Bagehot, English businessman, essayist and journalist INFO THAT HITS US WHERE WE LIVE... People say home building can't recover any time soon. Yet the signs continue to mount that a recovery is underway....
READ MOREMarket Update for the Week of April 16, 2012
Monday, April 16, 2012
QUOTE OF THE WEEK..."Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof." --John Kenneth Galbraith, Canadian-American economist INFO THAT HITS US WHERE WE LIVE... When people tell you the housing market isn't showing ...
READ MOREMarket Update for the week of April 9, 2012
Wednesday, April 11, 2012
QUOTE OF THE WEEK..."You miss 100% of the shots you don't take." --Wayne Gretzky, hockey's all-time leading goal scorer INFO THAT HITS US WHERE WE LIVE... Hopefully, more people will be taking a shot at buying a home, with home ownership regaining its appeal as rents head higher. A real estate rese...
READ MOREMarket Update for the week of April 2, 2012
Monday, April 02, 2012
QUOTE OF THE WEEK..."To succeed, jump as quickly at opportunities as you do at conclusions." --Benjamin Franklin INFO THAT HITS US WHERE WE LIVE... Last week's housing reports supported the fact there are great opportunities in today's real estate market, as long as you don't look at just part of t...
READ MOREMarket Update for the week of March 26, 2012
Monday, March 26, 2012
QUOTE OF THE WEEK..."I invented my life by taking for granted that everything I did not like would have an opposite, which I would like." --Coco Chanel INFO THAT HITS US WHERE WE LIVE... The renowned French fashion designer certainly would have appreciated that while February's Housing Starts were ...
READ MOREMarket Update for the week of March 19, 2012
Monday, March 19, 2012
QUOTE OF THE WEEK..."I was taught that the way of progress was neither swift nor easy." --Marie Curie INFO THAT HITS US WHERE WE LIVE... The Polish physicist and chemist, famous for her pioneering work on radioactivity, could have been describing the U.S. housing market. But we are making progress....
READ MOREMarket Update for the week of March 12, 2012
Monday, March 12, 2012
QUOTE OF THE WEEK..."Opportunities? They're all around us...there is power lying latent everywhere waiting for the observant eye to discover it." --Orison Swett Marden INFO THAT HITS US WHERE WE LIVE... It shouldn't take a particularly observant eye to see the historic affordability available to ho...
READ MOREMarket Update for the week of March 5, 2012
Monday, March 05, 2012
BULLETIN... HUD is set to increase FHA up-front mortgage insurance premiums April 1. This is a significant change -- please relay this to your buyers immediately: waiting will be costly. Call or email us for further information. >> Market Update QUOTE OF THE WEEK..."If I had a way of buying a co...
READ MOREMarket Update for the week of February 27, 2012
Monday, February 27, 2012
QUOTE OF THE WEEK..."What is past is prologue." --William Shakespeare INFO THAT HITS US WHERE WE LIVE... January New Home Sales dipped slightly, but only because the past month's sales were revised higher. Together, December and January new home sales were the best they've been in a year, up 3.5% i...
READ MOREMarket Update for the week of February 20, 2012
Monday, February 20, 2012
QUOTE OF THE WEEK..."Strive for continuous improvement, instead of perfection." --Kim Collins, track and field star INFO THAT HITS US WHERE WE LIVE... U.S. homebuilding is certainly following the advice of the first World Champion sprinter from Saint Kitts and Nevis. With housing starts registering...
READ MOREMarket Update for the week of February 13, 2012
Monday, February 13, 2012
QUOTE OF THE WEEK..."People can alter their lives by altering their attitudes." -- William James INFO THAT HITS US WHERE WE LIVE... People's attitudes should surely be altered by new data from the National Association of Home Builders (NAHB). Their survey released on Thursday revealed four record h...
READ MOREMarket Update for the week of February 6, 2012
Monday, February 06, 2012
QUOTE OF THE WEEK..."A story to me means a plot where there is some surprise. Because that is how life is -- full of surprises." --Isaac Bashevis Singer INFO THAT HITS US WHERE WE LIVE..."The Federal Reserve surprised the market last week by indicating that short-term rates were likely to stay at t...
READ MOREMarket Update for the week of January 30, 2012
Monday, January 30, 2012
QUOTE OF THE WEEK..."Before everything else, getting ready is the secret of success." --Henry Ford INFO THAT HITS US WHERE WE LIVE...Getting ready for a recovery could be the theme of last week's housing reports. Pending Home Sales, after hitting a 19-month high in November, dipped a bit for Decemb...
READ MOREMarket Update for the week of January 23, 2012!
Monday, January 23, 2012
QUOTE OF THE WEEK..."Happiness is not a state to arrive at, but a manner of traveling." --Margaret Lee Runbeck INFO THAT HITS US WHERE WE LIVE...Well, we can all make our way with a bit of a smile on our faces, courtesy of the latest Housing Starts numbers. At first blush, the December report seeme...
READ MOREMarket Update for the week of January 16, 2012
Tuesday, January 17, 2012
QUOTE OF THE WEEK..."If you have to forecast, forecast often."--Edgar R. FiedlerINFO THAT HITS US WHERE WE LIVE...Economist Fiedler, Assistant Treasury Secretary under Presidents Nixon and Ford, knew that wise forecasters give themselves lots of opportunities for revisions. This time of year, the fo...
READ MOREMarket update for the week of January 9, 2012
Tuesday, January 10, 2012
QUOTE OF THE WEEK..."Opportunities are disguised by hard work, so most people don't recognize them."--Ann LandersINFO THAT HITS US WHERE WE LIVE...The latest opportunity in real estate came December 28, when the Federal Housing Administration extended the waiver of its "anti-flipping" rule through t...
READ MOREMarket Update for the week of January 2, 2012
Monday, January 02, 2012
Happy New Year!!! QUOTE OF THE WEEK..."Of all the things you wear, your expression is the most important." --AnonymousINFO THAT HITS US WHERE WE LIVE...It's good to show your best face to the world as the new year begins (see Business Tip of the Week, below) and that just got easier to do. Last wee...
READ MOREMarket update for the week of December 26, 2011
Tuesday, December 27, 2011
QUOTE OF THE WEEK..."...never retreat, never retract...never admit a mistake."--Napoleon BonaparteINFO THAT HITS US WHERE WE LIVE...Wisely, the National Association of Realtors (NAR) did not follow the diminutive Emperor's advice last week, admitting they uncovered some mistakes in the statistical m...
READ MOREMarket Update for the week of December 19, 2011
Monday, December 19, 2011
Happy Holidays! QUOTE OF THE WEEK..."Do what you can with what you have where you are."--Theodore RooseveltINFO THAT HITS US WHERE WE LIVE...The famous President's sage advice from a century ago is still the appropriate approach to today's housing market. In the midst of all the media noise, it's a...
READ MOREMarket update for the week of December 5, 2011
Monday, December 05, 2011
QUOTE OF THE WEEK..."Motivation is the art of getting people to do what you want them to do because they want to do it."--Dwight D. Eisenhower INFO THAT HITS US WHERE WE LIVE...Enough people were motivated to buy new homes in October to push monthly sales up 1.3% to a 307,000 annual rate. Even be...
READ MOREMarket update for the week of November 28, 2011
Monday, November 28, 2011
QUOTE OF THE WEEK..."One who is a master of patience is master of everything else."--George Savile (1633–1695), English statesman, writer and politician INFO THAT HITS US WHERE WE LIVE...The patient approach advocated by the 1st Marquess of Halifax is proving to be the right tactic for masterin...
READ MOREMarket update for the week of November 14, 2011
Monday, November 14, 2011
QUOTE OF THE WEEK..."Life will always be to a large extent what we ourselves make it."--Samuel Smiles, Scottish author and reformer INFO THAT HITS US WHERE WE LIVE...Like life, the situation in the housing market depends on what we make of it. Last week, both options were covered in the latest ...
READ MOREMarket update for the week of November 7, 2011
Monday, November 07, 2011
QUOTE OF THE WEEK..."It all will come your way, once you understand that you have to make it come your way, by your own exertions."--Ben Stein INFO THAT HITS US WHERE WE LIVE...Last week, more signs appeared that things are coming our way in housing. Wednesday the Census Bureau reported that the ...
READ MOREMarket update for the week of October 31, 2011
Monday, October 31, 2011
QUOTE OF THE WEEK..."Success seems to be largely a matter of hanging on after others have let go."--William Feather, American author and publisher INFO THAT HITS US WHERE WE LIVE...Last week's housing news did give all of us in the industry a few more things to hang onto. First, we saw new single...
READ MOREMarket update for the week of October 24, 2011
Monday, October 24, 2011
QUOTE OF THE WEEK..."It would be so nice if something made sense for a change."--"Alice in Wonderland," Lewis Carroll INFO THAT HITS US WHERE WE LIVE...What didn't make sense last week was the way the media reported the latest housing data. Housing Starts were UP a strong 15% in September, hittin...
READ MOREMarket update for the week of October 17, 2011
Monday, October 17, 2011
QUOTE OF THE WEEK..."When you cease to dream you cease to live."--Malcolm S. Forbes INFO THAT HITS US WHERE WE LIVE...One dream that, happily, doesn't seem to be going away is the one we Americans have of owning our own home. In fact, in spite of all the negative news we hear about housing, the p...
READ MOREUSDA Market Update!
Wednesday, October 12, 2011
WE Are Still Lending USDA Mortgages!!! We are very excited to announce that it was confirmed that our purchasing investors for USDA Rural Housing will be accepting “subject to” conditional commitments! This means that PrimeLending may continue business as usual in regards to origin...
READ MOREMarket update for the week of October 10,2011
Monday, October 10, 2011
QUOTE OF THE WEEK..."Waste of time is the most extravagant and costly of all expenses."--Anonymous INFO THAT HITS US WHERE WE LIVE...The week before last, the Fed announced 'Operation Twist,' where they'll switch their short term bond holdings to longer term maturities. This strategy wasted no ti...
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