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Home Sales Drop In June

The National Association of Realtors Reported today that existing home sales fell 1.2 percent in June, indicating some slippage in our struggling housing market recovery. Some news outlets are reporting that rising mortgage rates are squashing buyer purchasing power. If true, especially with rates still at “historic lows,” it certainly doesn’t say much for the […]

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It’s Hot, But The Economy’s Not (?)

Studying, following and attempting to gauge economic and stock market trends is, truly, a “dismal science.” Definition of ‘Dismal Science’ A term coined by Scottish writer, essayist and historian Thomas Carlyle to describe the discipline of economics. The term dismal science was inspired by T. R. Malthus’ gloomy prediction that population would always grow faster than food, dooming mankind […]

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Home Foreclosures Up Eleven Percent In May

According to RealtyTrac, banks increased foreclosures 11.0 percent in May. Though the overall foreclosure rate is down from last year, banks have decided that they want to get out from under the distressed inventory currently on their books. This move will not only have an impact on banks’ bottom lines, it will also have an […]

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Home Prices Soar

  According to the May 28, 2013 Case-Shiller 20-City Home Price Index (HPI) report, home prices rose strongly in March. The report showed that home prices rose a very strong 1.1 percent on a seasonally adjusted basis. The reading marks the fourth straight gain of over one percent. On a year-over-year basis, home prices rose […]

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