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Monthly Archives: September 2009
The Case-Shiller Shows Home Prices Are Still On Their Way Up
For the second month in a row, 18 of the 20 Case-Shiller real estate markets posted higher home values. It’s the 6th consecutive strong showing for the benchmark private-sector housing index. Combined with falling home supplies and rising sales figures, … Continue reading
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Fannie Mae Passes New, Tougher Mortgage Guidelines
Getting approved for a mortgage is about to get harder. For the second time in less than 3 months, Fannie Mae announced changes to its mortgage guidelines. In its official announcement, Fannie Mae details the updates, meant to reduce the … Continue reading
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The Extension Cord Idea You've Been Waiting For
The traditional, 6-socket surge protector is a ubiquitous product in American homes. It also happens to be rife with design flaws, the most glaring of which is the socket layout. Traditional surge protectors are built for skinny-plugged devices only. Few … Continue reading
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Existing Home Supply Falls By Nearly A Month
As reported by the National Association of REALTORS®, the number of Existing Home Sales dipped last month, ending the metric’s 5-month winning streak. Newspaper headlines today are overwhelmingly negative on housing. You’d almost believe this year’s housing recovery had ended. … Continue reading
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A Simple Explanation Of The Federal Reserve Statement (September 23, 2009 Edition)
The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent. It also reiterated plans to support the mortgage market to the tune of $1.5 trillion. In its press release, the FOMC … Continue reading
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Home Prices Rise Again In July
As reported by the government, home prices are rising nationwide, up 0.3 percent in July. Furthermore, versus November 2008, the Home Price Index has clawed back to unchanged. The housing market appears to be holding its own. However, we have … Continue reading
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Should You Lock Your Mortgage Rate In Advance Of Tomorrow's Federal Reserve Announcement?
The Federal Open Market Committee starts a 2-day meeting today in Washington. The scheduled get-together ends at 2:15 PM ET Wednesday after which the FOMC will issue a press release to the markets. Consider locking your mortgage in advance of … Continue reading
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How To Maintain A Lawn In The Fall
Lawn care needs change with the season. How your cut it, how you water it, and how you feed it depends on the weather and the forecast. In the video above from YouTube, the gardening expert clearly covers how to … Continue reading
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Housing Starts Slip, But Don't Think The Recovery's Been Halted
Housing Starts on single-family homes took a step backwards last month, falling month-over-month for the first time since January. A “housing start” is new home on which construction has started. Don’t let the slowdown fool you, however — the housing … Continue reading
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The Housing Market Index Reaches A 16-Month High
According to the country’s home builders, the housing market is looking good. Each month, the National Association of Home Builders releases its Housing Market Index report, a survey geared at taking “the pulse of the single-family housing market”. Respondents report … Continue reading
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