Monthly Archives: April 2010

Sales of new homes surged 27 percent last month

Sales of new homes surged 27 percent last month, bouncing off the previous month’s record low and blowing past expectations as government incentives and better weather boosted sales. The Commerce Department said Friday that new home sales rose in March … Continue reading

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Who watching the Warranty

While the number of foreclosures & distressed assets continue to rise, lenders and representative agency are operating in uncharted waters without understanding the full impact of their liability exposure

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Good News From the Housing Sector

Although the housing inventory exceeded the demand in 2007 and 2008, we have known for a while that the fundamental supply and demand ingredients would permit a genuine housing recovery to begin in 2009.  As demand caught up, housing prices stopped … Continue reading

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Remodeling spending will increase

U.S. home improvement spending is expected to rise 5 percent in the United States in 2010, but the surge might not foretell an increase in sales of new homes. Remodeling spending will increase this year due to the gradual recovery … Continue reading

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S&P/Case-Shiller Composit

Looking at the chart which compares the seasonally adjusted new home sales series and the non-seasonally adjusted S&P/Case-Shiller Composit-10 sale pair count series, both smoothed with a 12 month simple moving average, you can see that there is a great … Continue reading

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5 percent to more than 5.3

The average rate on a 30-year loan has jumped from about 5 percent to more than 5.3 percent in just the past week. As mortgages get more expensive, more would-be homeowners are priced out of the market — a threat … Continue reading

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