Economical Updates Anti-climactic They finally did it and no one was the least bit surprised.  At their two day meeting that ended Wednesday afternoon, the Federal Reserve's Open Market Committee (FMOC) took the step they have been teasing markets with for months and raised the fed funds rate by a quarter point. It was the first rate increase […]
Economical Updates Saved From The Beach It was one of the slowest weeks for housing and economic data in a very long time. We might have shut off the lights and gone to the beach but for two monthly jobs reports.    The Bureau of Labor Statistics Employment Situation report showed November to be another solid one for payroll growth, providing more ammunition for a […]
Economical Updates Playing Catch-Up While most of us were more engaged by cooking, eating, visiting, and shopping than by what was happening on the housing front, the gears ground on without us. There is a lot to catch up on.   Three major price indices–the Case-Shiller and the Federal Housing Finance Agency's indices for September and CoreLogic's Home Price […]
Real Estate Activity Just Listed! | 11331 Longshore Court San Diego, CA 92130 Just listed this magnificent home on Longshore Court! Take a look at the huge entrance with double volume ceiling & elegant wrap around stairway! This home features a large upgraded kitchen with island, granite counters, stainless steel appliances, double oven, large casual dining area. A spacious family room with custom built in cabinetry, formal dining room and living room. […]
Economical Updates Re-Funded The Annual Report to Congress from Housing and Urban Development Secretary Julian Castro centered around some big news this week. The Mutual Mortgage Insurance Fund (MMIF), which backs up the FHA mortgage guarantee, has recovered to its legally required capital ratio, 2% of its outstanding mortgage balances, and did so a year earlier than expected. The […]
Real Estate Activity Just Sold! | 5184 Winthrop Street, San Diego, CA 92117 Just Sold this rare find on a beautiful Canyon View location.  Single story home on a quiet street, with gentle breezes through the canyon. Upgrades include a spacious kitchen remodeled with stainless steel appliances, new cabinets, granite counters & double sink. Plus, beautiful traveratine flooring throughout! Expanded master suite with sitting area and ceiling fans in […]
Uncategorized Did You Know? Fixed Rate Mortgages Continue Falling…and falling… According to realtor.com, mortgage rates on fixed interest products are as low as we have seen them in 7 months. Here, an article by Rachel Stults on the statistics, and what's trending in the housing marke at realtor.com:  
Uncategorized Interesting Article By Inman News: According to NAR, Sales of Existing Homes UP for first time this year A GREAT article from our friends over at Inman News on recent statistics coming out of housing market first quarter, according to the NAR:  www.inman.com/2014/05/22/nar-sales-of-existing-homes-post-first-increase-this-year/. 
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