News for Prescott AZ - AmericanTowns.com

Monday, January 30, 2012

Weekly Market Update from Curt and Shannon

 

 

January 30, 2012

 



The Dalpiaz Team
Curt and Shannon
141 S. McCormick Street Suite #107
Prescott, AZ 86303
Ph-928-777-8971
curt.dalpiaz@academy.cc
shannon.dalpiaz@academy.cc
LO License-#0912851 LO NMLS-#151454


Hello Brad,

Going green is a growing trend in the real estate industry, especially since energy-efficiencies help reduce utility bills & preserve the planet. Specific energy incentives for homeowners include Energy Efficient Mortgages (EEM) and tax credits for energy-efficient home improvements. It's exciting to see the advancement of energy-related incentives in the housing market.

As always, my goal is to share information that will be useful to your clients. You can count on me to make a difference.

Sincerely,

Curt and Shannon
curt.dalpiaz@AcademyMortgage.com

 

 

 

Rates Improve on Fed Announcement

 

Highlights

Average 30 yr fixed rate

Stocks (Weekly)

 

December Durable Goods Orders rose a strong 3.0% from November

December Pending Home Sales declined 4% from November's 19-month high

Consumer Sentiment rose to the highest level since February 2011

Significant progress was made on reaching a Greek debt deal

 

This week: -0.10%

 

Dow: 12,650 +50

 

 

 

Last week: +0.08%

 

NASDAQ: 2,800 +20

 

 

Wednesday's Fed announcement was very favorable for mortgage rates. Last week's mixed economic data, Treasury auctions, and news from Europe had little influence. As a result, mortgage rates ended the week lower.

The forecasts from Fed officials for the fed funds rate contained some major surprises for investors. Fed officials now expect that economic conditions will allow the fed funds rate to remain at exceptionally low levels until at least 'late 2014'. Prior statements extended the expected time frame only to mid-2013. In addition, comments from Fed Chief Bernanke suggested that Fed officials would like to see stronger economic growth, and they are open to the possibility of additional Fed easing. Many investors think it is likely that the Fed will announce additional MBS purchases at a later meeting. The expectation for a low fed funds rate and the possibility of additional Fed purchases of mortgage-backed securities (MBS) increased demand for MBS, which resulted in higher MBS prices and lower mortgage rates.

Friday's release of Gross Domestic Product (GDP) showed an increase at a 2.8% annual rate during the fourth quarter of 2011, which was a little below the consensus forecast, but up from 1.8% during the third quarter. Early estimates for the first quarter of this year are for a slower growth rate. The long-run average growth rate for the economy is generally considered to be around 3.0%, and the economy usually grows at a faster than average rate following a recession. Given that the economy is growing below its potential and that inflation remains tame, the Fed's expectation that monetary policy will remain very stimulative for a long time is understandable.



The biggest economic report this week will be the important Employment data on Friday. As usual, this data on the number of jobs, the Unemployment Rate, and wage inflation will be the most highly anticipated economic data of the month. Before the employment data, Core PCE inflation and Personal Income will be released on Monday. Chicago PMI Manufacturing and Consumer Confidence will come out on Tuesday. ISM Manufacturing, Construction Spending, and ADP Employment are scheduled for Wednesday. Productivity, Factory Orders, and ISM Services will round out a busy week.

 

 

 

The market commentary material provided is from a third party vendor, MBSQuoteline, and is not necessarily the opinions of the sender or the organization they represent. This information is intended for educational purposes only and should not be construed as investment and/or mortgage advice. Additionally, the material is deemed to be accurate and reliable, but there is no guarantee it is without error.

 

All products are subject to credit and property approval. Program terms and conditions subject to change without notice. Not all products are available in all states or amounts. Other restrictions and limitations apply.

Academy Mortgage Corporation
1220 East 7800 South
Sandy, UT 84094
p. 801-233-3700

Equal Housing Lender


Company NMLS ID # 3113 LO License #912852 Company License # 0904081 LO NMLS #243638


Friday, January 27, 2012

Newsdesk | January 27, 2012

Top News
Mortgage crimes are focus of new task force
CNN Money - A new special task force to investigate and prosecute those responsible for bad mortgages during the housing boom will be part of President Obama's 2012 agenda.
Fed: Rates unchanged, no rate hikes likely till late '14
USA Today - Doing so could help further reduce record-low mortgage rates and help boost home sales. The weak housing market has held back the economy. Brian Bethune, an economics professor at Dartmouth College, expects another round of bond…

Market News
Mortgage Applications Fall by 5 percent in Latest MBA Weekly Survey
Mortgage Bankers Association - Mortgage applications decreased 5.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 20, 2012.  The results include an adjustment to account for the Martin Luther King holiday.
Dec. new home sales fall, 30-year mortgage rates rise
USA Today – in December, ending one the worst year on record for the real estate industry. And 30-year fixed mortgage rates jump to 3.98% from 3.88% for the week ending Jan. 26, mostly because housing activity has picked up somewhat in the first month of 2012.
Foreclosures Made Up 20% of Third-Quarter Home Sales
CNBC - Sales of new homes, which account for less than 10 percent of the housing market, fell in July and August, but rose in September. Ongoing disputes over how some lenders handled foreclosures have been a key factor in.

Technology News
Google wants ability to 'combine' your user data
CNET News - A forthcoming change to Google's privacy policy means it can use information across multiple services to provide enhanced services and ads. Previously that ability was only implicit.
Ready or not, you're getting Facebook Timeline
CNN - Facebook announced in a blog post Tuesday that Timeline will be coming to all users in the next few weeks. According to a Facebook blog post Tuesday -- or rather, an update to the post published when Timeline became available to all users --...

Other News
How to Help Your Clients Buy a Foreclosure
REALTOR Magazine - Homebuyers may be attracted to the big bargains that foreclosures and pre-foreclosures can offer. But distressed properties can involve tricky, lengthy transactions, and there’s a lot to think about before jumping in, real estate professionals say. Make sure you...
66 Thing You Should Know About Your Customer
Inc.com - we run out of money, but unless we have customers to sell to, we have no purpose. Any Google search can tell you all you need to know about a company you want to sell to—in fact, more than you need to know. But that doesn't mean you...
What Buyers, Sellers Want From Real Estate Agents
REALTOR Magazine - Educate but watch your delivery: Homebuyer Dora M. Abreau said at the conference that when something unexpected comes up in the buying process, she doesn’t like it when agents say

 

 

 

 

Wednesday, January 25, 2012

Inside Out - Monthly Home Improvement Tips

 

 

 

 

REALTOR(R) Photo

Happy New Year

It is a new year and its time to bring those resolutions to life! Did you commit to de-cluttering the garage? Finally clearing the gutters of fall's fallen leaves?

Whatever your New Year's needs, Lowe's is here to help. With expert advice and home remodeling supplies from paint to lighting and everything in between, Lowe's has you covered.

- Brad Bergamini, REALTOR® | contact me

 

 

10 home winterization musts
Man cutting insulation viaShutterstock

No shortage of bathtub choices
Guest house bathroom via Shutterstock

10 home winterization musts

It's been a mild winter throughout most of the country so far. That means we still have time to run through a foul-weather checklist. Here are 10 "must do's" to have a warm, cozy and safe winter.

No shortage of bathtub choices

If you're thinking of remodeling your bathroom anytime soon, you might not realize just how many bathtub options you have. In addition to an amazing palette of color choices, you also have options in materials, sizes, design, jets, controls and installation methods. Let's take a look at a few of those basic options to get you started on the right path.

Read more

Read more

 

 

TRENDS UPDATE

2 best ways to boost home's energy efficiency

Replacing Windows

Repairing window frame via Shutterstock

Even in these days of belt tightening, installing replacement windows remains a virtual mania among homeowners.

Read more

 

 

BUYING & SELLING

Mortgage rates sag to new lows

Mortgage rates continued to plumb new depths this week, but demand for purchase loans remains down from a year ago, lender surveys show.
Read more »

MORTGAGES

Mortgage rates near historic lows for third straight week

Mortgage rates were little changed this week, with rates on 30-year fixed-rate mortgages at or near 4 percent for the third week in a row.
Read more »

REAL ESTATE & PERSONAL FINANCE

442 tips to keep your house in tip-top shape

Nearly every mother will attest that at some point in her parenting career, often while still pregnant, every worst-case scenario that could ever possibly happen to her progeny (or progeny-to-be) has run through her mind.
Read more »

 

 

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

 

 

 

 

 

 

 

 

 

 

 

Housing May Turn the Corner in 2012: CoreLogic

 

dsnews.com - CoreLogic's chief economist Mark Fleming says housing statistics and the duration of the downturn to date indicate 2012 may be the year the housing market begins to turn the corner. He notes that housing is an industry with...

 

Trending in the following companies

 

 

Keller Williams Realty, Inc.

 

Keller Williams Realty, Inc.

 

 

Coldwell Banker Residential Brokerage

 

Coldwell Banker Residential Brokerage

 

 

Coldwell Banker

 

Coldwell Banker

 

 

 

 

5 signs you're real estate-obsessed

 

inman.com - I recently had an instant message chat with a friend about one of her eventful -- and entertaining -- adventures in Internet dating. She suspected her date had been a classmate of mine in school, but I didn't recognize his name...

 

Trending in the following companies

 

 

Keller Williams Realty, Inc.

 

Keller Williams Realty, Inc.

 

 

Coldwell Banker Residential Brokerage

 

Coldwell Banker Residential Brokerage

 

 

Coldwell Banker

 

Coldwell Banker

 

 

 

 

Rise in Home Sales Signifies Strengthening Market: Economists

 

dsnews.com - The long-awaited housing recovery is beginning to blossom, according to industry experts taking a look at recent existing-home sales. While admitting home sales are still very low, Paul Dales, chief economist at Capital...

 

Trending in the following companies

 

 

Keller Williams Realty, Inc.

 

Keller Williams Realty, Inc.

 

 

eXp Realty

 

eXp Realty

 

 

Coldwell Banker

 

Coldwell Banker

 

 

 

 

Finding the Positives in Economic and Housing Conditions in 2012

 

rismedia.com - While 2011 was clearly a challenging year, there is a lot to be positive about looking ahead. Economically, while buffeted by natural disasters and...

 

Trending in the following companies

 

 

Keller Williams Realty, Inc.

 

Keller Williams Realty, Inc.

 

 

RE/MAX

 

RE/MAX

 

 

REM Hub

 

REM Hub

 

 

 

 

Kitchens Sell a House

 

realtytimes.com - It's a tool used by house flippers all across the nation. Stagers know its power. Real estate agents push its importance. What is this not-so-well-kept secret of real estate? A kitchen can sell a house.   A kitchen is the heart...

 

Trending in Construction and Real Estate with the following companies

 

 

Keller Williams Realty, Inc.

 

Keller Williams Realty, Inc.

 

 

Coldwell Banker Residential Brokerage

 

Coldwell Banker Residential Brokerage

 

 

Sotheby's International Realty

 

Sotheby's International Realty

 

 

 

 

 

 

 

 

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