Monthly Archives: February 2013

Is Homeownership a Good FINANCIAL Decision?

What are you thoughts? Do you feel that home ownership is a good decision? Let me know your thoughts. Is Homeownership a Good FINANCIAL Decision?. Advertisements

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Existing-Home Sales Inch Up; Inventory at Lowest Level Since 1999

Existing-home sales rose 0.4 percent in January to 4.92 million after December sales were revised downward, theNational Association of Realtors (NAR) reported Thursday. Economists had expected the sales pace to drop to 4.9 million from December’s originally reported 4.94 million. The … Continue reading

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Your Economic Update for the Week of February 25, 2013

  In the News Existing home sales rose 0.4% in January to a seasonally adjusted annual rate of 4.92 million units from 4.90 million units in December. Compared to a year ago, existing home sales were up 9.1% in January. … Continue reading

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Your Economic Update for the Week of February 11, 2013.

In the News Factory orders rose $8.6 billion or 1.8% in December to a seasonally adjusted $484.8 billion. This follows a 0.3% decrease in November. Excluding the volatile transportation sector, orders increased 0.2% in December. Retail sales rose 2.4% for … Continue reading

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Mind Your Money

New Legislation Benefits Homeowners New legislation recently passed by Congress has brought back a popular tax break on mortgage insurance premiums. The American Taxpayer Relief Act of 2012 extends the tax break — which expired at the end of 2011 — allowing … Continue reading

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Recent Refis Reduced Interest Rates by Record Amount

Homeowners who refinanced their mortgage loans in the fourth quarter of 2012 reduced their interest rates by an average of 33 percent, a record savings not seen in 27 years of observance, according to Freddie Mac. Fourth-quarter refinances also came close … Continue reading

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CoreLogic: Prices End 2012 with Biggest Annual Gain in Six Years

National home prices ended the year by posting their biggest annual gain since May 2006, and prices rose in December for the 10th consecutive month, CoreLogicreported Tuesday. The data provider’s Home Price Index (HPI) registered a year-over-year increase of 8.3 percent … Continue reading

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