Florida Mortgage News Update from Kevin Sandridge

6:31 AM |

Homebuilders Expect More Sales Volume This Year

2011-03-17 08:48:35-04
According to the monthly Housing Market Index as published by the National Association of Homebuilders, after 4 straight months of reading 16, March homebuilder confidence ticked 1 point higher to 17. It's the highest confidence reading in 10 months. Related posts:

Home Builders Report Higher Sales Levels In January Homebuilder confidence in the market for newly-built, single family homes...
Home Builders Slowed By Economy, But Seeing More Foot Traffic Homebuilder confidence held firm for the second straight month this...
As Buyer Foot Traffic Rises, So Does Homebuilder Confidence According to the NAHB, October's HMI reading of 16 is...

Good News For Sellers — Housing Starts Plummet In February

2011-03-18 08:50:33-04
Home prices are based on supply and demand and overall home supply looks headed for a fall. Sellers are poised to regain negotiation leverage. Related posts:

Building Permits Surge In December; Signals A Strong Spring Housing Market According to theCensus Bureau's report, Housing Starts of single-family homes...
May Housing Starts Fall – Pushing Home Prices Higher Single-family housing starts plummeted to a one-year low in May,...
Housing Starts Data Much Better Than The Headlines Would Have You Believe Newspaper stories can be misleading sometimes -- especially with respect...

Florida Mortgage Update for the Week of March 21, 2011

2011-03-21 08:48:41-04
The Florida mortgage market improved again last week despite an inflation-acknowledging statement from the FOMC and stronger-than-expected jobless data. Related posts:

Florida Mortgage Update for the Week of March 14, 2011 Wall Street continued its flight-to-quality last week. Mortgage-backed bonds are...
Florida Mortgage Update for the Week of February 22, 2011 For just the second time in 2011, conforming mortgage rates...
Florida Mortgage Rate Update for the Week of June 14, 2010 Despite re-touching all-time lows on Tuesday and Wednesday, Conforming and...

10 U.S. Cities With The Steepest Rent Increases (2010)

2011-03-23 08:50:07-04
The average apartment vacancy rate is 6.6% nationwide, down from 8.0% last year, and the number of occupied apartments rose by more during Q4 2010 than during any comparable period of the last 10 years. It's a major reason why rents are up 2.3%. No related posts.
Read more...

New Home Sales Fall To All-Time, Recorded Low. Maybe.

2011-03-24 08:49:11-04
Sales of newly-built homes plunged 17 percent to an seasonally-adjusted, annualized 250,000 units in February, and the supply of new homes rose to 8.9 months in February -- a 1.5 month jump from January. But there's more to the story. Related posts: