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Oct 03

Fall Fix-Ups For Your Home

October 3, 2011 By Leave a Comment
ywgctv

Visit msnbc.com for breaking news, world news, and news about the economy It's October and the fall season has officially started. For homeowners throughout District of Columbia and nationwide, the change of season is a well-timed, "preventative maintenance" reminder. As temperatures cool, there are a handful of do-it-yourself projects you should undertake in order to keep your home in tip-top shape through the winter. This 4-minute piece from NBC's The Today Show highlights just a few of … [Read more...]

Filed Under: Selling Real Estate in Washington, DC Tagged With: , , , , , , , , ,
Sep 30

Despite Low Rates, Pending Home Sales Slip In August

September 30, 2011 By 1 Comment
pendinghome

Despite the lowest mortgage rates of all-time, home buyers are slowing the pace at which they're buying homes. According to the National Association of REALTORS®, on a seasonally-adjusted basis, the Pending Home Sales Index fell 1 percent in August. The Pending Home Sales Index measures homes under contract, but not yet sold, nationwide. In this respect, the Pending Home Sales Index is a forward-looking housing market indicator; a predictor of future home sales. It's one of the few … [Read more...]

Filed Under: Selling Real Estate in Washington, DC Tagged With: , , , , , ,
Sep 21

A Simple Explanation Of The Federal Reserve Statement (September 21, 2011 Edition)

September 21, 2011 By Leave a Comment
FOMC-Announcement

Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The vote was 7-3 -- the second straight meeting at which the FOMC adjourned with as many 3 dissenters. Prior to that last meeting, there hadn't been 3 FOMC dissenters since 1992. In its press release, the Federal Reserve presented a dour outlook for the U.S. economy, noting that since its last meeting in August: Economic growth "remains … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: , , , , , , , ,
Sep 09

Home Affordability Still Tops Nationwide

September 9, 2011 By Leave a Comment
AFFORDCHART

Home affordability slipped slightly last quarter, dragged down by rising mortgage rates and recovering home prices in District of Columbia and nationwide. The National Association of Home Builders reports a Q2 2011 Home Opportunity Index reading of 72.6. This means that nearly 3 of 4 homes sold last quarter were affordable to households earning the national median income of $64,200. Q2 2011 marks the 10th straight quarter -- dating back to 2009 -- in which the index surpassed 70. Prior … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: , , , , ,
Aug 24

New Home Supplies Remain Flat; Builders Not Over-Extending

August 24, 2011 By Leave a Comment
newhomesupply

Sales of newly-built homes slipped in July, falling 1 percent as compared to June. Home buyers closed on a seasonally-adjusted, annualized 298,000 units, the lowest reading since February. The supply of new homes, however, remained flat. July's 6.6 months of supply equaled June's tally and remains near the multi-year low of 6.5 months set in May of this year. The figures suggest a new home market that's finding its balance. Builders are building to meet demand, and not much … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: , , , ,
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