News for Prescott AZ - AmericanTowns.com

Thursday, December 29, 2011

The 5 things you need to know in the news this week

 

 

 

 

 

 

 

 

 

Should you buy a home in 2012?

 

money.cnn.com - Despite another rocky year for the housing market experts say that things may stabilize in 2012, making it a prime time to buy.

 

 

 

Coldwell Banker Residential Brokerage

 

Coldwell Banker Residential Brokerage

 

 

Coldwell Banker

 

Coldwell Banker

 

 

Keller Williams Realty, Inc.

 

Keller Williams Realty, Inc.

 

 

 

 

Existing-Home Sales Continue to Climb in November

 

realtor.org - Existing-home sales rose again in November and remain above a year ago, according to the National Association of Realtors®. Also released today were periodic benchmark revisions with downward...

 

 

 

Coldwell Banker Residential Brokerage

 

Coldwell Banker Residential Brokerage

 

 

Keller Williams Realty, Inc.

 

Keller Williams Realty, Inc.

 

 

National Association of Manufacturers - NAM

 

National Association of Manufacturers - NAM

 

 

 

 

Study Finds 38% of Homes Purchased in 2011 Bought with Cash

 

dsnews.com - Despite record low mortgage rates, 2011 has seen a surprisingly high level of cash home purchases, according to the real estate research firm Hanley Wood Market Intelligence. Analysts with the company say between tight lending...

 

 

 

Long & Foster Companies

 

Long & Foster Companies

 

 

 

 

InmanNext surveying agents

 

inman.com - Complete survey by Jan. 2 to enter drawing for Connect NYC. InmanNext is offering readers who complete an agent survey before Jan. 2 the chance to win a pass to Real Estate ConnectNew York City, which takes place Jan. 11-13.

 

Trending in Real Estate with the following company

 

 

Keller Williams Realty, Inc.

 

Keller Williams Realty, Inc.

 

 

 

 

Home prices in retreat

 

money.cnn.com - Housing markets, which had seemed to be slowly gathering strength, met with a reversal in October as home prices dropped 1.2% compared with September and 3.4% year-over-year. The home price decline...

 

Trending in Real Estate

 

 

 

 

 

 

 

 

 

 

Monday, December 26, 2011

News You can Use in Prescott az

 

Smart Remodeling-Getting Out What You Put In!

This time of the year, consumers hatch remodeling ideas more than at any other time. Experts caution that homeowners should not jump into a project unless they know what the payback is. After all, one of the goals of renovating is increasing your home's value. Get these tips on smart remodeling and what project "returns" the most by clicking Full Article.

 

 

Bits and Bytes on Being A Smarter Consumer

Come January you will be getting hit with all sorts of credit card offers. Most of these will tease you with balance transfer options. Get these tips on spotting the tricks. If you have any down time in the next few weeks, make one of your resolutions, to do a complete Home Inventory. Get the free system from the III. Last up, make sure you or someone you know is aware of these recently recalled products. Be sure to hit Full Article and Share This!

 

 

New Technology: Upgrade Your Smoke Detectors - See Video

A huge enhancement in smoke detectors has gone unnoticed by many homeowners. Someone dies in a house fire every three hours. If a fire starts in your home, you have only about three minutes to escape. What if a fire starts in the basement and the door to the basement is closed? Precious minutes may be wasted if your detector near your bedroom does not go off. Here is a solution: Wirelessly-Connected Detectors. Click FULL ARTICLE for more info and a video.

 

 

Member Feedback! Let's Hear Your Side

At HomeActions, we know how important home ownership is to the economy, local neighborhoods, families and society in general. This coming year, the government's support of home ownership will be under fire with major tax reform. What we don't know is how important home ownership is to you, so we are having a contest.... Click Full Article for the details and a chance to win a $100 Home Depot Gift Card.

 

MONEY MATTERS

 

The Increasing Importance of Merit Financial Aid

The same student can obtain very different financial aid packages from colleges with similar costs. If the financial aid process is truly based on need, how could that happen?

 

 

MORTGAGES

 

Home Sweet Home is Sweeter Than You Think
For most people, a home is probably the biggest investment they'll ever make. Anyone who has been frustrated by throwing money away on rent knows how satisfying it can be to finally own a home. By becoming a homeowner, you are investing in your future and gaining present tax benefits with mortgage interest deductions. Read the "Full Article" for details.

 

 

 

This is not the opinion of Brad Bergamini, Realty Executives Northern Arizona or any of its affiliates.  This post is for informational purpose only and is not guaranteed and does not render as legal advice.  Buying and selling Real Estate in Arizona or Prescott Arizona is a serious task and should be consulted with personally with Realtor or Real Estate Attorney.  Please visit my website for contact information

http://bradbergamini.com or http://everythingprescott.com

 

 

Inside Lending Newsletter From Theron Wall

 

Inside Lending from Theron Wall

visit my website     email me now

Theron Wall

Theron Wall
Sr. Mortgage Consultant
1575 Plaza West Drive, Suite C
Prescott, AZ 86303
Office: 928.445.8730
Fax: 928.445.1065
Cell: 928.533.7473

Wallick & Volk Mortgage

For the week of December 27, 2011 – Vol. 9, Issue 52

Happy New Year!

>> Market Update 

QUOTE OF THE WEEK..."...never retreat, never retract...never admit a mistake."--Napoleon Bonaparte

INFO THAT HITS US WHERE WE LIVE
...Wisely, the National Association of Realtors (NAR) did not follow the diminutive Emperor's advice last week, admitting they uncovered some mistakes in the statistical model used to estimate national Existing Home Sales the past few years. They therefore had to revise those sales down 14%, to a 4.42 million annual rate in November. Nevertheless, Existing Home sales were UP 4% for the month and UP 12% versus a year ago. And the inventory is down 18% versus last year, now at a 7 months' supply!

In line with that, Housing Starts were UP 9.3% for November and UP 24.3% versus a year ago, while Building Permits were UP 5.7% for the month. November New Home Sales came in Friday UP 1.6%, with the supply dropping to 6 months, its lowest level since early 2006! The numbers of unsold new homes under construction and unsold completed new homes are also at or near record lows. The FHFA price index for homes financed by conforming mortgages was down just 0.2% in October and is down only 2.8% versus a year ago.

BUSINESS TIP OF THE WEEK
...Start on a goal right away. Get the momentum going by taking action immediately--flesh out the schedule, reserve important dates, get delivery commitments from others.

>> Review of Last Week

SANTA CAME EARLY...It was a little early for a "Santa Claus rally" (see below), but it sure seemed like the big man in red was giving Wall Street investors a nice holiday gift--to wit, a better than 3.5% weekly gain in stock prices, recouping the prior week's slide. Recent European worries were assuaged by improving German sentiment data, an encouraging Spanish bond auction and the European Central Bank's Long-term Refinancing Operation (LTRO), which promised greater stability in the region, at least for awhile.
 
We also had better economic news on our side of the pond. Initial jobless claims dropped to 364,000, the lowest level since April 2008, and continuing claims dropped to 3.55 million, the lowest since September 2008. Durable Goods orders were up 3.8% in November, beating expectations. On the inflation front, Core PCE Prices were up just 0.1% in November and well within the Fed's target range, at 1.7% for the year. But Q3 GDP was revised down to a sobering 1.8%.

For the week, the Dow ended UP 3.6%, at 12294; the S&P 500 shot UP 3.7%, to 1265; and the Nasdaq went UP 2.5%, to 2619.


As stocks soared, it was a tough week in the bond market. The FNMA 3.5% bond we watch ended the week down .90, to $101.32. But national average fixed mortgage rates remained at or near their all-time record lows according to Freddie Mac's weekly survey.

DID YOU KNOW?
...A "Santa Claus rally" is a rise in stock prices that sometimes occurs the week after Christmas. It often anticipates the "January Effect"--a rise in stock prices the first month of the year.

>> This Week’s Forecast

YEAR ENDING ON HOME SALES PENDING...Thursday's Pending Home Sales for November, indicating how actual sales might go the next few months, should be up slightly. December Consumer Confidence is also forecast up a bit, perhaps due to the slowly improving jobs picture, with weekly Initial Unemployment Claims predicted to remain below 400,000. The Chicago PMI, a bellwether for manufacturing overall, is expected to stay in expansion mode.

Next Monday, January 2, 2012, the stock market will be closed in observance of New Year's Day. May the coming year bring all the best to you and yours!

>> The Week’s Economic Indicator Calendar

Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates.

Economic Calendar for the Week of Dec 26 – Dec 30

 Date

Time (ET)

Release

For

Consensus

Prior

Impact

Tu
Dec 27

10:00

Consumer Confidence

Dec

58.0

56.0

Moderate

Th
Dec 29

08:30

Initial Unemployment Claims

12/24

368K

364K

Moderate

Th
Dec 29

08:30

Continuing Unemployment Claims

12/17

3.600M

3.546M

Moderate

Th
Dec 29

09:45

Chicago PMI 

Dec.

60.1

62.6

HIGH

Th
Dec 29

10:00

Pending Home Sales

Nov

0.6%

10.4%

Moderate

Th
Dec 29

11:00

Crude Inventories

12/24

NA

-10.570M

Moderate

 

>> Federal Reserve Watch   

Forecasting Federal Reserve policy changes in coming months...There are virtually no economists who expect the Fed to hike the Funds Rate any time in the near future. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same.

Current Fed Funds Rate: 0%–0.25%

After FOMC meeting on:

Consensus

Jan 25

0%–0.25%

Mar 13

0%–0.25%

Apr 25

0%–0.25%


Probability of change from current policy:

After FOMC meeting on:

Consensus

Jan 25

     <1%

Mar 13

     <1%

Apr 25

     <1%

 

This e-mail is an advertisement for Theron Wall. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice, or a commitment to lend. Although the material is deemed to be accurate and reliable, there is no guarantee of its accuracy. The material contained in the newsletter is the property of Wallick & Volk Mortgage and cannot be reproduced for any use without prior written consent. It is designed for real estate and other financial professionals only. It is not intended for consumer distribution. The material does not represent the opinion of Wallick & Volk Mortgage. BK 0018295 NMLS #256412




Equal Housing Lender  

 

Brad Bergamini, real estate agent on Zillow

Share Prescott Real Estate News

Bookmark and Share

Brad Bergamini's answers on Trulia Voices

PRESCOTT, Arizona area homes for sale and listings from Brad Bergamini