Mortgage Money Matters

Book Launch - local author David Laggini
July 21st, 2010 5:26 PM

Come celebrate the launch of David Laggini's new book: 

Black Belt Landlording:

The Art of Successful Relationships.

Thursday July 22 6-8 pm.

The Eagles Club

350 Woodside Lane

Bridgewater

Off of Rt. 28

www.budurl.com/bblinvite

Food and Drink and Fun!


Posted by Cheryl Sheasby on July 21st, 2010 5:26 PMPost a Comment (0)

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Housing Market Update, July 15th
July 15th, 2010 12:45 PM

July 12th, 2010

The Housing Market Update

Jacob Dean Mortgage

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Why are so many people listing their houses now?
Once the tax credit expired (new contracts had to signed by April 30th) everyone expected that listings would go down.  But they haven't...they have gone up.  With all of the negative media attention on housing it would be easy to consider that it is because the sellers are distressed in some way.  Maybe they lost their job or they are trying to sell the home before it goes into foreclosure.


Posted by Cheryl Sheasby on July 15th, 2010 12:45 PMPost a Comment (0)

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Housing Market Update
July 7th, 2010 2:51 PM
July 6th, 2010
President Signs 3-Month Extension of Tax Credit:
On Friday, President Obama signed a law giving home buyers three extra months of the wildly popular tax credit that gives first-time home buyers $8,000 and previous owners $6,500. These only apply to primary residences.

The catch? This still only applies to purchase contracts that were executed prior to the April 30th deadline. This just gives those individuals extra time to close. It does not enable today's signed contracts to qualify.


Posted by Cheryl Sheasby on July 7th, 2010 2:51 PMPost a Comment (0)

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Time To Get Organized June Newletter
June 30th, 2010 7:37 AM

Posted by Cheryl Sheasby on June 30th, 2010 7:37 AMPost a Comment (0)

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Housing Market Update - Low low rates!
June 28th, 2010 3:53 PM
June 28, 2010    10
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Mortgage Rates Drop to Record Low:
30 year fixed mortgage rates dropped to their lowest levels in 39 years according to a new survey released by Freddie Mac, the second largest mortgage finance company.

It's a great time to refi!  Call now to find out more!


Posted by Cheryl Sheasby on June 28th, 2010 3:53 PMPost a Comment (0)

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Weekly Housing Market Update
June 22nd, 2010 7:48 AM

 
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Sellers Stand Firm On Listing Prices:
A new study by Trulia.com showed that sellers lowered their asking price at least once on 22 percent of homes listed for sale as of June 1st. This means that 88% of sellers did not lower their asking price from listing to sale.


Posted by Cheryl Sheasby on June 22nd, 2010 7:48 AMPost a Comment (0)

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Pending Home Sales
June 7th, 2010 7:24 AM
Jacob Dean Mortgage
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Pending Home Sales Surge:

 
A pending home sale is simply a signed contract on a home that has not yet closed. The National Association of Realtors reported that we continued to see gains in home sales for the third consecutive month.  The index rose 6.0% last month and 22.4% when compared to April 2009.  The April increase follows a 7.1% in March and a 8.3% increase in February.

While certainly some of the gain can be attributed to the rush to get a contract signed prior to the end of the tax credit, there is definitely underlying demand as consistently low rates and increased consumer confidence in the housing market has helped to drive up demand for homes.

Posted by Cheryl Sheasby on June 7th, 2010 7:24 AMPost a Comment (0)

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The Weekly Housing Update May 24
May 25th, 2010 7:21 AM

Jacob Dean Mortgage
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Home Prices to Rise in 2010:

According to a recent poll by Reuters, U.S. house prices will manage a small gain in 2010. Home sales and prices may retreat slightly in the near-term after government tax credits to homebuyers end. But that trend will be countered by historically low mortgage rates and the fact that housing affordability is now near the best it has ever been. This is likely to put prices back on a slow path upward.

Three-quarters of the economists that were polled said it was possible for the average home price to return to where they were in 2006 - before the crash. That would require a rise of more than 40 percent and will still take a long time. Home prices as measured by the Case-Shiller 20 city index should rise 1.4% this year and 3% next year according to the economists' median forecast.


Posted by Cheryl Sheasby on May 25th, 2010 7:21 AMPost a Comment (0)

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Foreclosure Rates Fall!
May 18th, 2010 7:58 AM

Posted by Cheryl Sheasby on May 18th, 2010 7:58 AMPost a Comment (0)

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Reminder - Organizing Seminar May 19th!
May 16th, 2010 9:21 AM

Hey Guys,

Amara is always full of great ideas on how to organize your life!  And, her services are awesome - something that we all dream of!

Cheryl


Posted by Cheryl Sheasby on May 16th, 2010 9:21 AMPost a Comment (0)

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