Another month, another good showing for the U.S. economy. Mortgage rates are performing surprisingly well after Friday’s release of the October 2012 Non-Farm Payrolls report. The Bureau of Labor Statistics’ monthly report beat Wall Street expectations, while also showing a giant revision to the previously-released job tallies of August and September. 171,000 net new jobs [...]
Single Family Housing Starts Rise For 4th Straight Month
July 19, 2012 By Leave a Comment
New construction housing is in a post-recession rally. As reported by the Census Bureau, on a seasonally-adjusted, annualized basis, last month’s Single Family Housing Starts rose 5 percent to 539,000 units nationwide. This is the highest reading since April 2010, the last month of that year’s federal home buyer tax credit. A “housing start” is [...]
Revisiting Housing Market Predictions For 2012
July 13, 2012 By Leave a Comment
When the calendar flips to a new year, analysts and economists like to make predictions for the year ahead. So, today, with the year half-complete, it’s an opportune time to check back to see how the experts’ predictions are faring (so far). If you’ll remember, when 2011 closed, the housing market was showing its first [...]
Home Purchasing Power Jumps To New Highs
July 10, 2012 By Leave a Comment
With mortgage rates down to all-time lows, you can buy a lot more home for your money. Home affordability in St. Charles, Geneva, Batavia and the surrounding communities is at an all-time high. According to last week’s Freddie Mac mortgage rate survey, the average 30-year fixed rate mortgage has dropped to 3.62% nationwide. This is [...]
