Blog – Page 699 of 740

26 Sep 2013

4 Quick Tips On Becoming A Young Real Estate Investor

Home Buyer Tips

Investing in property at a young age seems like a bit of a daunting prospect sometimes. Most young people don't have a lot of disposable income, often have poor credit and perhaps even student loans. When you are in your early 20s, you are not likely thinking about investing in property and are probably focusing on other things. However, investing in property at a young age can bring you a lot of advantages. It requires a different approach and style and you might be the only one of your peers who is doing so, but you will definitely reap the benefits…

25 Sep 2013

By Mark Feder

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Case Shiller Price Index Shows An Annual Growth Rate Of Home Prices

Housing Analysis

Home prices were still gaining in July, but for 15 of 20 cities included the S&P Case-Shiller 10 and 20-city Home Price Indices, the pace of increasing home prices is slowing down. National home prices rose by 1.80 percent in July as compared to 2.20 percent in June. Home prices grew by 0.60 percent from June to July on a seasonally-adjusted basis. This was the lowest month-to-month gain since September 2012. David Blitzer, index committee chairman of S&P Dow Jones Indices, said that higher mortgage rates are hitting the housing market. Mr. Blitzer noted that mortgage rates rose by more…

24 Sep 2013

By Mark Feder

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Highest Existing Home Sales Since February 2007

Housing Analysis

Sales of existing homes reached their highest volume in almost six years in August. The National Association of REALTORS reported Thursday that sales of existing homes rose 1.70 percent in August to a seasonally-adjusted annual rate of 5.48 million existing homes sold. This was the highest number of existing home sales since February of 2007. August's results exceeded estimates of 5.20 existing homes sold, which was based on July's unrevised reading of 5.39 million existing homes sold. The NAR also reported that the national median home price increased to $212,100 in August. This represents a year-over-year increase of 14.70 percent…

23 Sep 2013

By Mark Feder

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What’s Ahead For Mortgage Rates This Week — September 23, 2013

Housing Analysis

Last week's economic news was dominated by the Federal Reserve's decision not to taper its $85 billion in monthly securities purchases. Fed Chairman Ben Bernanke noted in a scheduled statement after the Federal Open Market Committee meeting that economic conditions were not yet adequately improved to withstand any decrease in the federal quantitative easing program. The Fed also reaffirmed that the target federal funds rate would remain at 0.00 to 0.25 percent until the national unemployment rate reached 6.50 percent and inflation reaches 2.00 percent. The national unemployment rate was 7.30 percent and the Fed projects that inflation will remain…