Michael Haigh's (mhaigh) Blog

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

ARCHIVED BLOG POSTS

2011 

Buyers are writing contracts at a furious pace nationwide. On a seasonally-adjusted basis, the Pending Home Sales Index rose 2 percent last month to reach its highest level since March. A "pending home sale" is a home under contract to sell, but not yet closed.  The forward-looking Pending Home S...
07/30/2011
Standard & Poors released its May 2011 Case-Shiller Index this week. The index measures change in home prices from month-to-month, and year-to-year, in select U.S. cities. May's Case-Shiller Index showed a 1 percent increase from April 2011. Home values rose in 16 of the Case-Shiller Index's 20 t...
07/30/2011
Home builders are slowly reducing inventory. According to Census Bureau data, the number of new homes slid 1 percent from May. On a seasonally-adjusted, annualized basis, home buyers bought 312,000 newly-built homes last month. It's the third straight month of falling sales and the headline data ...
07/28/2011
The FHA is insuring a greater percentage of loans than during any time in recent history. In 2006, it insured roughly 5 percent of the purchase mortgage market. Today, it insures one-quarter. "Going FHA" is more common than ever before -- but is it better? The answer -- like most things in mortga...
07/26/2011
Mortgage markets worsened last week as the Greek sovereign debt situation came closer to final resolution, and as the U.S. housing market showed signs of life. After many weeks, European leaders agreed on a financial package for Greece that featured favorable loan terms designed to slow Eurozone ...
07/25/2011
Builders are busy once again. According to the Census Bureau, Single-Family Housing Starts rose to 453,000 on a seasonally-adjusted, annualized basis in June -- a 9 percent spike from the month prior and the highest reading in 3 seasons. A "Housing Start" is defined as a home breaking ground on n...
07/20/2011
Homebuilder confidence is bouncing back. One month after an unceremonious dip highlighted by poor sales figures and dim prospects for the future, the National Association of Homebuilder's Housing Market Index rebounded two points to 15 in July. The monthly Housing Market Index is scored on a 1-10...
07/20/2011
Mortgage markets improved in roller coaster-like trading last week. And, not surprisingly, the week's two big stories were the same two stories roiling mortgage markets since March -- Greece and Jobs. In both instances, rate shoppers won. Conforming mortgage rates improved for the first time in 3...
07/11/2011
  Hey guys!  My good friend, Mario Sanchez at RedHawk Real Estate has this beautiful three bedroom three bath home on huge lot for sale. Master bedroom with one bath located down stairs and permitted. Hardwood floors upstairs with tile in the kitchen and new window through out. Home is move in r...
07/08/2011
The year is half-over. It's an opportune time to take stock of analyst predictions made at the start of the year, and to recognize that the "experts" can be wrong as often as they are right. For as much experience and authority an expert brings to the conversation, though, nobody can accurately p...
07/08/2011
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