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Real Estate Wisdom and Information From CENTURY 21 Advantage Gold -The Only CENTURY 21 Firm With Offices in Pennsylvania AND New Jersey!

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Entries Tagged as 'Economy'

Boost Your 2010 Tax Deductions By Making Your January Mortgage Payment A Little Bit Early

December 21st, 2010 · Comments Off on Boost Your 2010 Tax Deductions By Making Your January Mortgage Payment A Little Bit Early

Looking for an extra 2010 tax deduction? Consider making your January mortgage payment a few days early.

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Tags: Economy · Real Estate · Tax Tips

Home Affordability Reaches Record-Levels… Last Quarter.

December 20th, 2010 · Comments Off on Home Affordability Reaches Record-Levels… Last Quarter.

it’s a fantastic time to be a Philadelphia home buyer where 66.3 percent of all new and existing homes sold in the third quarter were affordable

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Tags: Economy · Home Values · New Jersey · Pennsylvania · Real Estate

Pending Home Sales Index Points To A Budding Seller’s Market

December 19th, 2010 · Comments Off on Pending Home Sales Index Points To A Budding Seller’s Market

The Pending Home Sales Index surged 10 percent in October as low mortgage rates and low home prices spurred buyers into action. The market looks different today, however.

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Tags: Economy · New Jersey · Pending Home Sales · Pennsylvania · Real Estate

Simple Real Estate Definitions : Loan-Level Pricing Adjustments

December 16th, 2010 · Comments Off on Simple Real Estate Definitions : Loan-Level Pricing Adjustments

Loan-level pricing adjustments are mandatory loan fees based on a borrower’s specific default risk.

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Tags: Mortgage Lending · New Jersey · Pennsylvania · Real Estate Definitions

A Simple Explanation Of The Federal Reserve Statement (December 14, 2010 Edition)

December 14th, 2010 · Comments Off on A Simple Explanation Of The Federal Reserve Statement (December 14, 2010 Edition)

Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged within in its target range of 0.000-0.250 percent.

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Tags: Consumer Lending · Economy · FOMC · Mortgage Lending

See How Credit Missteps Lower Your Credit Score

November 26th, 2010 · Comments Off on See How Credit Missteps Lower Your Credit Score

The company behind the popular FICO scoring model has published a “What If?” series for common, specific credit missteps.

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Tags: Consumer Interest · Credit Scoring · Mortgage Lending · Real Estate

Housing Starts Data Much Better Than The Headlines Would Have You Believe

November 23rd, 2010 · Comments Off on Housing Starts Data Much Better Than The Headlines Would Have You Believe

Newspaper stories can be misleading sometimes — especially with respect to real estate. We saw a terrific example of this Wednesday.

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Tags: Economy · Housing starts · Pennsylvania · Real Estate

As Buyer Foot Traffic Rises, So Does Homebuilder Confidence

November 8th, 2010 · Comments Off on As Buyer Foot Traffic Rises, So Does Homebuilder Confidence

According to the NAHB, October’s HMI reading of 16 is its highest value in 5 months. The uptick hints that the market for newly-built homes may rebound more quickly that this summer’s weak new homes sales figures would otherwise suggest.

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Tags: Economy · Homebuilders · Real Estate

Time To Refinance? Mortgage Rates Down 1.00 Percent Since April.

November 6th, 2010 · Comments Off on Time To Refinance? Mortgage Rates Down 1.00 Percent Since April.

The rate-and-fee combination you’d get in your home state is different from the rate-and-fee combination you’d get if you lived somewhere else. In the West, rates are low and fees are high; in the Southeast, it’s the opposite.

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Tags: Mortgage Lending · Mortgage Rates · Real Estate

New Home Housing Stock Drops To A 5-Month Low

November 4th, 2010 · Comments Off on New Home Housing Stock Drops To A 5-Month Low

After improving 1 percent in August, New Home Sales popped another 7 percent in September. It’s no wonder homebuilder confidence is at a 5-month high.

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Tags: Economy · New Home Sales · Real Estate