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December 2010 - Posts

Monday, December 27, 2010 2:53 PM

A Year of Contrasts in Real Estate

This has been a year of real estate contrasts: While many consumers have taken advantage of historic buying opportunities and the market has seen a gradual stabilization of sales and prices, other challenges facing the nation have led some to question
Posted by Blair Webb | 0 Comments
Monday, December 27, 2010 2:47 PM

Long-Term Rates Drop Back a Bit

Long-term mortgage rates dipped a bit in the week before Christmas, according to Freddie Mac. The mortgage giant reported that interest on 30-year, fixed loans averaged 4.81 percent — down from 4.83 percent the week before and 5.05 percent a year
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Monday, December 27, 2010 2:45 PM

5 Reasons to Buy a Home in 2011

Michele Lerner, author of Homebuying: Tough Times, First Time, Any Time , offers reasons why real estate is likely to improve in 2011. Here are five reasons she thinks consumers should consider a home purchase next year: ▪ Mortgage rates will stay low
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Saturday, December 25, 2010 2:42 PM

Financial Experts Call for Mortgage Standards

In a letter Tuesday to Federal Reserve Chair Ben Bernanke, a group of investors and well-known economists called for the creation of national standards for U.S. residential mortgages. The letter said, in part: "The chaotic situation in the mortgage
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Saturday, December 25, 2010 2:30 PM

Economists Predict Flat Home Prices

Twenty-three economists surveyed this month by CNNMoney.com expect home prices to be flat in 2011. Five of the economists expect prices to fall in 2011 and then climb only 2.2 percent in 2012. The problem is unemployment. John Ryding, chief economist
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Saturday, December 25, 2010 2:28 PM

Economic Growth Exceeds Forecast

A rash of favorable economic reports, including a jump in consumer spending and a drop in layoffs, are offering hope for a pickup. Moreover, new Commerce Department data show U.S. gross domestic product grew 2.6 percent in the third quarter — not
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Saturday, December 25, 2010 2:26 PM

2011's Strongest and Weakest Markets

Home prices are expected to rise in 40 percent of major metropolitan areas, according to Veros Real Estate Solutions, a research firm that provides information to the mortgage industry. The markets Veros expects to be strongest are: 1. San Diego/Carlsbad/San
Posted by Blair Webb | 0 Comments
Wednesday, December 22, 2010 2:15 PM

Merry Christmas

I'd like to wish you the Merriest of Christmases and the best New Year, ever. It's has been a year to remember and signs point to an improving climate in 2011 and I see that in my business, daily. I appreciate your business and will strive to
Posted by Blair Webb | 0 Comments
Sunday, December 19, 2010 5:00 PM

Energy Tax Credit Deadline Looms

The Dec. 31 expiration of most energy tax credits is driving a mini-boom in home improvements. The federal tax credit covers 30 percent of the cost of various conservation upgrades, up to maximum of $1,500. In many states, it can be combined with state
Posted by Blair Webb | 0 Comments
Sunday, December 19, 2010 4:47 PM

Rise in Yields Pushes Up Rates

A sudden and unexpectedly quick bounce in Treasury yields has jolted the financial markets — including mortgage rates, which have risen rapidly in response. Freddie Mac puts 30-year home loan interest at an average of 4.83 percent for the week ended
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Sunday, December 12, 2010 2:30 PM

Price Reduced on 156 Hillery Trace in Watercrest East

Watercrest East, Blythe Island - Announcing a price reduction on 156 Hillery Trace, a 2,273 sq. ft., 4 bdrm single story. Now MLS® $255,000 - Lake Home. Property information
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Friday, December 10, 2010 5:06 PM

5 Predictions for 2011

Freddie Mac analysts point to five features that they believe will likely characterize the 2011 housing and mortgage markets: 1. Low mortgage rates . With Fed observers expecting the central bank to keep the federal funds rate at its current target range
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Friday, December 10, 2010 5:04 PM

Mortgage Rates Jump to 6-Month High

Mortgage rates rose for a fourth-straight week to reach a six-month high as yields on government bonds continue to rise. The average interest on a 30-year fixed loan hit 4.61 percent, up from 4.46 percent a week ago, Freddie Mac reported. Also, 15-year
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