Who Are Buying Homes Now?
In some housing markets, buyers are back, spurred on primarily by the drop in housing prices. That drop has substantially reduced the monthly cost of homeownership, creating conditions where owning a home is less costly than renting one.
Economic Update - Charlotte 6-15-09
On Tuesday, June 9, the Commerce Department said wholesalers reduced their inventories by 1.4% in April following a 2.4% drop in March. Economists had forecast a 1.1% decrease in April. It was the eighth straight monthly decline. Sales at the wholesale level fell 0.4% in April after a 2.4% decline in March.
Extra Extra! Great News!
Todd Duncan Joins Prospect Mortgage as Chief Performance Officer - Prospect Mortgage (www.MyProspectMortgage.com) has announced that Todd Duncan, a renowned motivational speaker, sales trainer and best-selling author, has joined the company to lead a comprehensive sales, leadership and time management training program designed to drive its national sales team to the highest performance level in the industry.
Economic Update - Charlotte 6-8-09
On Monday, June 1, the Commerce Department reported total construction spending unexpectedly rose 0.8% in April. Economists had expected a 1.2% decline. It was the biggest gain since August 2008 and marked the second straight month that construction spending has risen after a 0.4% increase in March.
Home sales rise 2.9%, boosted by bottom fishing
Here is just some further insight from MarketWatch into housing sales and the state of the housing market. While the numbers of sales rise, prices are have steadily dropped to near 2002 levels.
Prices drop 15.4% while inventories continue to climb
WASHINGTON (MarketWatch) - Boosted by bottom fishers snapping up foreclosures and by incentives for [...]
The 5 Laws of Display Ads
Experts say customers make up their minds within seconds if they will pay serious attention to your print advertisement. Here’s how to get it noticed:
High-impact graphic - A high-impact visual helps make your ad stand out from the competition. About 90% of viewers will look at the ad’s visual before reading the headline. So, if [...]
By the Numbers - Economy that Effects Mortgage
So here’s the skinny, signals were mixed. Economic indicators were up and housing starts are very low and the big question still remains, “when will housing recover and what will it look like when it does recover?” We’ll be here to walk you through it every step of the way. Here are the numbers.
The Conference [...]
Charlotte Mortgage - Economic Update 05/17/09
On Tuesday, May 12, according to the ICSC-Goldman Sachs index, store sales rose 0.3% in the week ending May 9 compared to the previous week. Compared to a year ago, retail sales were up 0.5%. That is the best year-over-year reading since late November 2008.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage [...]
Quit Claim Deed vs. Warranty Deed
A Difference Indeed
A quit claim deed is the legal way that one person (the grantor) transfers real property, such as a house or land, to another person (the grantee). As an example, a divorcing husband may quit claim his interest in certain real estate to his ex-wife. While the concept is simple and straightforward — [...]
Foreclosures - How to purchase in Charlotte
Fannie Mae, the agency sponsored by the U.S. government to help make housing more affordable to all Americans, now offers HomePath, a special new home loan to finance the sale of its current real estate owned (REO) properties across the country.
Lower down payments and relaxed requirements mean more homeshoppers can become homebuyers. HomePath helps you [...]
