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  • Scott Says...

    Since March, things have improved in the housing market. There are signs that the housing market is getting back on its feet -- or at least, declining less slowly. Existing home sales recently registered their biggest gain in more than a decade. Seasonally-adjusted single-family building permits are up 27% since bottoming in March, while single-family housing starts have increased five straight months and are up 36% since March.Interest rates have remained low as well. Freddie Mac said that the 30-year fixed mortgage rate fell to 5.12% last week, and the 15-year rate is now down to just 4.56%. With lower prices and very low mortgage rates, housing affordability hasn't looked so good in many years.This combination of improved sales and low interest rates should continue to eliminate the inventory supply. This will happen with more sales of homes and Realtors and loan officer’s alike need to be positioned to capture as much of that business as possible moving forward.

    • Ed Says...

      Forget about the Mayan Calendar 2012 doomsday! Some mobile users are seeing the year 2016 on messages delivered in 2010. The Mayans had December 21, 2012 as 13.0.0.0.0 in the Long Count. Is the 2016 bug a result of bad string parsing? Poor binary to BCD conversion? The plot thickens...[via WMExperts]