by Jon Terry | Apr 19, 2012 | Blog, Buying A Home, Housing Analysis, Residential Real Estate, The Economy
The housing market took a step back in February, but remains near post-recession highs. According to data from the National Association of REALTORS®, February’s Pending Home Sale Index slipped .5% from the month prior, to 96.5. The Pending Home Sales Index is a...
by Jon Terry | Apr 17, 2012 | Blog, Foreclosure, Mortgage Guidelines
The new, revamped HARP program is now available in Colorado and nationwide. It was officially released Saturday, March 17, 2012 by Fannie Mae and Freddie Mac. HARP is an acronym. It stands for Home Affordable Refinance Program. HARP is the conforming mortgage loan...
by Jon Terry | Apr 7, 2012 | Blog, Buying A Home, Housing Analysis, Residential Real Estate, Statistics
The new construction housing market appears primed for growth this season. According to the Census Bureau, the number of single-family building permits issued in February rose to 472,000 on a seasonally-adjusted, annual basis, marking this the highest building permit...
by Jon Terry | Apr 5, 2012 | Blog, Buying A Home, Mortgage Guidelines, Residential Real Estate
Planning to use an FHA-backed mortgage for your next home loan? You might want to get your application in gear today. Beginning next week, the Federal Housing Administration (FHA) is changing the way it charges mortgage insurance to U.S. homeowners. For the fourth...
by Jon Terry | Apr 4, 2012 | Blog, Federal Reserve, Mortgages
The Federal Reserve has released the minutes from its last FOMC meeting, a 1-day affair held March 13, 2012. Mortgage rates in Colorado are rising on the news. For the un-indoctrinated, 3 weeks after it meets, the Federal Open Market Committee, the sub-group within...
by Jon Terry | Apr 2, 2012 | Blog, Buying A Home, Foreclosure, Housing Analysis, Residential Real Estate, Short Sale
After a series of months during which foreclosure volume was low, total filings have started to rise again, says RealtyTrac. In February of 2012, 21 states posted a year-over-year increase in monthly foreclosure filings, according to the national...
