Michael Haigh's (mhaigh) Blog

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Mortgage and Lending - W J Bradley / The Michael Haigh Team

ARCHIVED BLOG POSTS

2010 

For the second consecutive month, U.S. consumer confidence is plunging. July's official reading is its lowest since July of last year and the figures run in stark contrast to just two months ago, when the index touched a multi-year high. According to The Conference Board, July's figures are refle...
07/29/2010
Standard & Poors released its Case-Shiller Index Tuesday. On a seasonally-adjusted basis, between April and May 2010, home prices rose in 19 of Case-Shiller's 20 tracked markets.  It's the second straight month of strong Case-Shiller findings. Also, May's numbers are a mirror-image of February's...
07/28/2010
After a down month in May, the sales of newly-built homes appears back on track. As published by the Census Bureau, June's New Home Sales report showed: A 24 percent sales volume increase from the month prior A 2-month drop in the supply of newly-built home There are now just 210,000 new homes f...
07/27/2010
Mortgage markets worsened last week for the first time in 6 weeks last week. Investors were pleased with corporate earnings reports and the European bank stress tests results.  Stocks gained on the news, and bonds lost. Mortgage rates rose last week, but only slightly. Rate are still hovering nea...
07/26/2010
As provided by SFAR: San Francisco homeowners have a new way of paying for solar panels, energy-efficient appliances and low-flow toilets. A new city-run program, GreenFinanceSF, will give San Franciscans the money to pay for such projects up front and let them pay it back through installments o...
07/26/2010
Consistent with most post-home buyer tax credit housing news, the National Association of Realtors® says Existing Home Sales eased lower last month. An "existing home" is a home that cannot be considered new construction. The 5 percent drop in sales from May to June was expected, but a closer loo...
07/23/2010
The New York Times ran an important story this week concerning pregnancy and mortgage approvals. Titled "Need a Mortgage? Don't Get Pregnant", the article discussed the difficulties that expecting and recently-expanded families are having with their mortgage financing. NBC's The Today Show picke...
07/22/2010
Single-family Housing Starts eased lower last month, falling by 0.7 percent from May, or 3,000 units nationwide. A "housing start" is a home on which construction has started. June's Housing Starts data is somewhat soft and may partially explain why home builder confidence dropped to its lowest ...
07/21/2010
Today, living green isn't just a lifestyle choice; it makes solid financial sense. As home energy costs increase, homeowners are seeking simple and smart ways to save energy and consequently save money, too. Trying to create a more environmentally sound household doesn't have to start with takin...
07/20/2010
Builder confidence in the housing market slipped this month, according to the National Association of Homebuilders' monthly Housing Market Index. The Housing Market Index is actually a weighted composite of 3 separate surveys. One measures current single-family sales; one measures projected singl...
07/20/2010
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