News for Prescott AZ - AmericanTowns.com

Wednesday, November 30, 2011

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

 

 

 

 

 

Hi Brad, check out the top 5 news articles for you this week

 

 

 

 

 

 

Stronger Lure for Prospective Home Buyers

 

Home prices and mortgage rates have fallen so far that the monthly cost of owning a home is more affordable than at any point in the past 15 years and is less expensive than renting in a growing number of cities.

 

online.wsj.com

 

 

 

Coldwell Banker Residential Brokerage

 

11 Coldwell Banker Residential Brokerage employees

 

 

Keller Williams Realty, Inc.

 

9 Keller Williams Realty, Inc. employees

 

 

Coldwell Banker

 

4 Coldwell Banker employees

 

 

 

 

Growth in Commercial Real Estate Markets Expected in 2012

 

Commercial real estate markets have been relatively flat this year, but improving fundamentals mean a more positive trend is expected in 2012, according to the National Association of Realtors.

 

realtor.org

 

 

 

Colliers-International

 

4 Colliers-International employees

 

 

 

 

4 steps to buy again after foreclosure

 

Mood of the Market. Homeowners facing foreclosure seem to be desperate to buy again. Frequently, I receive letters from someone who hasn't yet lost their home to foreclosure but anticipates they soon will, and wants to be able...

 

inman.com Trending in Real Estate

 

 

 

RE/MAX

 

5 RE/MAX employees

 

 

 

 

Fed Records First Rise in New Mortgage Delinquencies in a Year

 

About 2.5 percent of current mortgage balances in the U.S. transitioned into delinquency during the third quarter, the Federal Reserve Bank of New York said Monday. That assessment reverses a recent trend of reductions in the...

 

dsnews.com

 

 

 

Keller Williams Realty, Inc.

 

5 Keller Williams Realty, Inc. employees

 

 

eXp Realty

 

3 eXp Realty employees

 

 

 

 

Home prices ease to 2003 levels

 

National home prices declined on an annual basis in the third quarter, to levels last seen eight years ago -- but the rate of decline slowed from the prior three months, according to a report issued...

 

money.cnn.com Trending in Real Estate

 

 

 

 

5 Re/Max One Realty employees

 

 

 

 

 

 

 

 

 

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

 

 

 

 

Everything in its place



Stuff. You've got a lot of it. It's now fall, again, and you've been meaning to get organized since your last new-year's resolution.

You've tried to squeeze everything you can into closets. You've even considered lugging your stuff down to the basement so that you can make more room -- for more stuff. Instead, try clutter-reducing shelves that won't cost you a fortune in cash -- and 20 or 30 trips to the basement.

• Organize your child's bedroom and study space by adding shelves to store books, CDs and magazines. Think you can't possibly fit all of your child's clothing and accessories into that room? Think vertical instead: wall space can be more valuable as storage than a place to exhibit posters of the latest pop stars. Don't forget to treat Mom or Dad by organizing that guest bedroom, den or home office by adding shelving above desks and computers.

• Keep cleaning supplies and household chemicals out of reach of small hands with wood-alternative shelving. Children are always ready and willing to explore all that your home has to offer. Linen closets, laundry rooms, walk-in pantries, bathrooms, and garages can now all have space to put those items we want to "keep out of reach of children" if you install wood-alternative shelving.

• Basement and attics can be valuable real estate when considering home storage options. Instead of wrestling with heavy boxes and packing tape, go for simplified, easily installed storage solutions for your family heirlooms, out-of-season clothing, tools, gardening supplies, and of course, holiday decorations. Shelve them and you'll always know where your treasures are when you need them.

• Adding cost-effective shelving options to your home not only helps you stay organized, but can add appeal to your home, as well. According to the National Association of Home Builders, potential homebuyers consistently rank storage -- and the need for a lot of it -- as a high priority when it comes to selecting a home. Shelving can provide a cost-efficient investment into your home.

Whether you are looking to improve your decor or just get your home organized, shelving is the way to go. It's cost effective, easy to install, and comes in a variety of colors, styles and finishes.

 

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

 

 

 

Monday, November 28, 2011

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 November 28, 2011 – Vol. 9, Issue 48

 

>> Market Update 

QUOTE OF THE WEEK..."One who is a master of patience is master of everything else."--George Savile (1633–1695), English statesman, writer and politician

INFO THAT HITS US WHERE WE LIVE
...The patient approach advocated by the 1st Marquess of Halifax is proving to be the right tactic for mastering today's housing market. Last week, October Existing Home Sales inched up to an annual rate just under 5 million units. And although things appear to be improving only slowly, existing home sales are actually UP 13.5% from a year ago.

Even better, the months' supply of existing homes fell to 8.0 and inventory is now down 13.8% versus a year ago. The naysayers jumped on the fact that the median price was also down. But a large portion of October sales came from distressed properties whose prices are heavily discounted. Although some see this as a negative, it's what's needed for inventories to be worked down and for the housing market to recover.

BUSINESS TIP OF THE WEEK
...Planning is important but stay flexible. The unexpected often happens in business and flexibility keeps you open to the creative thinking needed to succeed.

>> Review of Last Week

NO THANKS... People feel positive around Thanksgiving, but folks on Wall Street spent the week in a decidedly negative mood. They were put there at the start by Congressional leaders who couldn't get past partisan politics to deal with our nation's fiscal issues. Then Moody's fed the down vibe with cautious comments about France's debt rating outlook. A third bummer came with Tuesday's downward revision to Q3 GDP, coming in at a measly 2.0%. The net result? The worst ever Thanksgiving week for stocks.
 
There really were some things to be thankful for. The Q3 GDP report showed business investment growing at its fastest pace this year. Chain store sales were UP 3.7% over last year by one study and UP 2.8% by another. Incomes grew in October more than predicted, although spending grew less. Initial jobless claims stayed below 400,000. Finally, October Durable Goods orders were down slightly for the month, but if you take out volatile transportation, they are UP 11.7% from a year ago.

For the week, the Dow ended down 4.8%, at 11232; the S&P 500 went down 4.7%, to 1159; and the Nasdaq sank 5.1%, to 2442.


With stocks having such an awful week, you'd expect bonds to benefit immensely. Not so this time. With volumes down as usual on Black Friday's shortened trading day, bond performance was mixed. The FNMA 3.5% bond we watch ended the week down .02, at $101.20. National average mortgage rates remained at or near record lows for the fourth week in a row, according to Freddie Mac's weekly survey.

DID YOU KNOW?
... The 1792 Buttonwood Agreement created the New York Stock Exchange. It was signed by 24 stockbrokers under a buttonwood tree outside 86 Wall Street.

>> This Week’s Forecast

NEW HOME SALES, PENDING HOME SALES, JOBS... Of great interest this week will be more housing market reports and the jobs numbers that are key to the real estate recovery. October New Home Sales are expected to hold steady, above the 300,000 level. September Pending Home Sales, indicating Existing Home Sales a few months out, look to be up a tad.

Friday, we get the November Employment Report. Although payrolls should rise, the number of new jobs is still not enough to bring down the unemployment rate.

>> 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 Nov 28 – Dec 2

 Date

Time (ET)

Release

For

Consensus

Prior

Impact

M
Nov 28

10:00

New Home Sales

Oct

312K

313K

Moderate

Tu
Nov 29

10:00

Consumer Confidence

Nov

43.0

39.8

Moderate

W
Nov 30

08:30

Productivity-Rev.

Q3

2.6%

3.1%

Moderate

W
Nov 30

09:45

Chicago PMI

Nov

57.5

58.4

HIGH

W
Nov 30

10:00

Pending Home Sales

Sep

0.1%

-4.6%

Moderate

W
Nov 30

10:30

Crude Inventories

11/26

NA

-6.219M

Moderate

W
Nov 30

14:00

Fed Beige Book

Nov

NA

NA

Moderate

Th
Dec 1

08:30

Initial Unemployment Claims

11/26

390K

393K

Moderate

Th
Dec 1

08:30

Continuing Unemployment Claims

11/19

3.650M

3.691M

Moderate

Th
Dec 1

10:00

ISM Index

Nov

51.0

50.8

HIGH

F
Dec 2

08:30

Average Workweek

Nov

34.3

34.3

HIGH

F
Dec 2

08:30

Hourly Earnings

Nov

0.2%

0.2%

HIGH

F
Dec 2

08:30

Nonfarm Payrolls

Nov

118K

80K

HIGH

F
Dec 2

08:30

Unemployment Rate

Nov

9.0%

9.0%

HIGH

 

>> Federal Reserve Watch   

Forecasting Federal Reserve policy changes in coming months...The Fed says it wants to keep the Funds rate where it is through mid-2013 and economists expect that they will. 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

Dec 13

0%–0.25%

Jan 25

0%–0.25%

Mar 13

0%–0.25%


Probability of change from current policy:

After FOMC meeting on:

Consensus

Dec 13

     <1%

Jan 25

     <1%

Mar 13

     <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  

 

Wednesday, November 23, 2011

Top Headlines in Prescott Real Estate



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Prescott Arizona Real Estate




The U.S. housing industry has scored a victory with House and Senate votes to raise the size of mortgages backed by the Federal Housing Administration to $729,750.

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Sales of previously owned homes got an unexpected boost last month while the number of homes on the market continued to decline, according to data just released by the National Association of Realtors. The trade group recorded...

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Real Estate Tax Talk. There are several tax credits and deductions set to expire at the end of the year, and given the federal deficit problem, there's a good chance they won't be extended. If you want to take advantage of...

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The National Association of Realtors® commends Congress for reinstating the loan limit formula and maximum cap for Federal Housing Administration-insured loans...

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Friday, November 11th, 2011, 4:12 pm Gradual improvement in the housing market is expected next year, with existing-home sales edging up 4% to 5% and new home sales getting an even bigger boost off this year's record lows, the...

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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


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