American households were $2 trillion richer on June 30, 2009 than they were three months earlier, the first time in two years that household net worth has increased, the Federal Reserve recently reported. Household wealth rose in the second quarter at a 17% annual rate, or $2 trillion, to $53.1 trillion after falling at a […]
Amid continued falling home prices, U.S. homebuyers are negotiating even more discounts at the bargaining table, according to July’s Zillow Real Estate Market Reports. Buyers paid 3.3%, or a nearly $7,039, less than the last listing price on homes for sale during the month of July 2009. That is down slightly from 3.5%, or $7,630, […]
2009 Money Magazine Top Places to Retire….Palm Springs, CA made #2 on the list. The Palm Springs Valley includes the neighboring communities of Rancho Mirage, Palm Desert, Indian Wells and La Quinta. These desert resort communities offer a relaxed yet chic lifestyle rich w/ golf, fine dining, world class art, live entertainment, shopping or a […]
2009 Money Magazine Top Places to Retire….Palm Springs, CA made #2 on the list. The Palm Springs Valley includes the neighboring communities of Rancho Mirage, Palm Desert, Indian Wells and La Quinta. These desert resort communities offer a relaxed yet chic lifestyle rich w/ golf, fine dining, world class art, live entertainment, shopping or a […]
2009 Money Magazines Top Places to Retire….Palm Springs, CA made #2 on the list & includes the neighboring communities of Rancho Mirage, Palm Desert, Indian Wells and La Quinta. These desert resort communities offer a relaxed yet chic lifestyle rich w/ golf, fine dining, world class art, live entertainment, shopping or a simple afternoon poolside […]
A gauge of future U.S. home sales rose more than expected in July 2009 to the highest level in more than two years as first-time buyers rushed to take advantage of a tax credit that expires this fall. The National Association of Realtors recently said its seasonally adjusted index of sales contracts signed in July […]
Point2 Technologies Inc. has released its Real Estate Confidence Index (RECI) survey report for the month of August 2009. The RECI extended its upward move for the third consecutive month but remained marginally in positive territory, recording a 5.9 reading at the national level on the Index scale of one to ten (1 being “Bad” […]
The atmosphere is electric, the deals can be dazzling, and the process can turn a bidder into a home buyer seemingly in a matter of minutes. But as interest in real estate auctions grows, bidders are finding out it pays to read the fine print, be prepared and realize that it’s best not to hire […]
The weekly average rate borrowers were quoted for 30-year fixed mortgages decreased last week to 5.17%, down from 5.19% the week prior. Rates for 15-year fixed mortgages fell to 4.57% from 4.59%, and 5-1 adjustable rate mortgages remained flat at 4.17%. Rates for 30-year fixed purchase mortgages decreased further, with the average rate at 5.04%. […]
Contract activity for pending home sales has risen for six straight months, a pattern not seen in the history of the index since it began in 2001, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in July, increased 3.2% to 97.6 from a reading […]
