July 31, 2007

Insider Tips for Homebuyers


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July 30, 2007

Homebuilder Confidence Slides to 16-Year Low

Homebuilder Confidence Slides to 16-Year Low

 

U.S. homebuilder sentiment slid in July to its lowest since January 1991 as fallout from the housing slump and subprime mortgage crisis caused a glut of new homes, the National Association of Home Builders said recently.

 

Homebuilders are struggling to unload excess inventories left to them as speculators abandon contracts and buyers find it harder to obtain mortgages. Soaring delinquencies on the riskiest loans have forced lenders to boost requirements for many borrowers, locking out customers who might previously have qualified.

 

"The bottom line is that the single-family housing market is still in a correction process following the historic and unsustainable highs of the 2003-2005 period," NAHB Chief Economist David Seiders said in the statement.

 

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iMelody: Most new phones that don't do Nokia's Smart Messaging are using this format.

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July 29, 2007

Interest Rates Level Off

Interest Rates Level Off

 

For nearly 10 months interest rates moved up a little, then down a little, but the average cost for most types of mortgages remained below 6.5%.  Then rates unexpectedly took off in late May, making home loans more expensive than they’ve been since, well, this time last year.

 

A recent survey of major lenders found the average:

30-year fixed-rate loan — the most popular way to pay for a house — costs 6.78%.

15-year fixed-rate loan costs 6.46%.

 

That means payments would be $650 a month for every $100,000 borrowed with the average 30-year, fixed-rate loan. That’s just $6 a month less than you’d have paid in July 2006 but $38 a month more than in mid-March when interest rates were below 6.2%.

 

Interest rates have stabilized over the past couple of weeks and, if borrowers are fortunate, they’ve peaked and may drift lower over the next couple of months. That’s what happened last summer after 30-year fixed-rate loans topped out at 6.93% the last week in June.

 

For more on what mortgage rates are running here locally in the Vero Beach, Florida area, give us a call or leave us a comment and we'll get back to you.

 

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Radiophones have rogers wireless ringtones and varied history going back to Reginald Fessenden's invention and shore-to-ship demonstration of radio telephony, through the Second World War with military use of radio telephony links and civil services in the 1950s, while hand-held cellular radio devices have been available since 1973.

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[citation needed] Like other technologies of the time, it involved ringtone tiger feet powerful base station covering a wide area, and each telephone would effectively monopolize a channel over that whole area while in use.

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Martin Cooper, wav free file ringtones researcher and executive is widely considered to be the inventor of the first practical wav free file ringtones for handheld use in a non-vehicle setting.

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July 28, 2007

Incentives to Woo Buyers and Sell Your Home


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July 27, 2007

June Housing Starts up 2.3 Percent

June Housing Starts up 2.3 Percent

 

The pace of home construction rose 2.3 percent in June but building permit activity, a sign of future construction plans, sank to its lowest rate in 10 years, signaling further weakness in the listless housing market.

 

Housing starts set an annual rate of 1.467 million units in June compared with a revised 1.434 million unit pace in May. Economists had forecast June housing starts to drop to a 1.45 million unit pace from the 1.474 million unit rate originally reported for May last month.

 

This latest data comes a day after another report indicating that home-builder confidence is sinking as mortgages become more difficult to obtain, with banks tightening their lending standards.

 

The continued sad news in the housing sector could make this the best time to buy a home in over a decade.

 

Contact us for more information.

 

 

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