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27 Mar 2014
By Mark Feder

S & P Case-Shiller Shows Home Prices Down For Third Consecutive Month

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Harsh winter weather conditions contributed to home prices falling in January. The S&P Case-Shiller 20-City composite index reported that home prices dropped by 0.10 percent in January, but after seasonal adjustments, home prices increased by 0.80 percent in January as compared to December. 12 of 20 cities posted declines in home prices in January. There's no cause for alarm, as year-over-year home prices increased by 13.20 percent as compared to year-over –year readings of 13.40 percent in December and 13.70 percent in November. David Blitzer, chair of the S&P Dow Jones index committee, said "The housing market is showing signs…
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26 Mar 2014
By Mark Feder

BUSTED: 4 Myths About Buying Your Home That Just Aren’t True

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It can be pretty intimidating to dip your toes into the realm of home ownership, especially if you're a first-time homebuyer. To make things worse, there are a number of myths floating around out there surrounding the home buying process. Such misconceptions have many kept many would-be homeowners from realizing the personal and financial rewards of owning a property. To clear things up, here are 4 myths about buying your first home that simply aren't true. Myth #1 - "It's Cheaper To Rent Instead Of Own" If you buy a property that is within your budget and your mortgage terms allow…
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25 Mar 2014
By Mark Feder

FOMC Statement Shows “Moderate” Economic Growth

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The Federal Reserve's Federal Open Market Committee met last week and Janet Yellen held her first press conference as Fed chair. According to the FOMC statement released after the meeting, the Fed cited severe winter weather conditions as a reason for slow economic growth in recent months. FOMC members will continue to monitor economic conditions and developments as part of any decision to change the Fed's change monetary policy. Highlights included: "Moderate" Economic Growth; Asset Purchases Reduced For April FOMC made the predicted cut to its asset purchase program and reduced April's purchase of mortgage-backed securities and Treasury bills to…
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24 Mar 2014
By Mark Feder

What’s Ahead For Mortgage Rates This Week – March 24, 2014

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Last week's economic news included several housing-related reports including the Housing Market Index (HMI) for March, a report on housing starts, and building permits for February. The National Association of REALTORS® also released its Existing Home Sales report for February and the Federal Reserve issued its first FOMC statement under the helm of Fed Chair Janet Yellen. Home Builders Conservative On Housing Market Conditions The National Association of Home Builders Wells Fargo Housing Market Index rose by one point to a reading of 47 in March against a reading of 46 in February and against an expected reading of 50.…
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