Last Weeks Statistics

Statistics
 

LISTINGS
Residential (Single Family & Condo)

September 22-28, 2008
524

Last Year
669

SOLDS
 

September 14-20, 2008
170

Last Year
260

Interest Rate Update

 
It’s been a crazy week in the financial sector to say the least. Fortunately, mortgage interest rates have been able to maintain their levels.
 
All things are pointing to a move higher in MBS (mortgage backed securities) pricing which causes yields to drop which results in lower mortgage rates, but it appears investors are in a [...]

New Mortgage Law Has Buyers Scrambling

Housing industry observers expect that prospective buyers will scramble to take advantage of seller-funded down-payment assistance before a federal ban on such programs takes effect on Oct. 1.
The federal housing bill signed into law in July sews up a loophole that allows nonprofit organizations to gift mortgage down payments, and industry experts believe markets [...]

Statistics Not Looking Very Good

Statistics
 

LISTINGS 
 Residential (Single Family & Condo)

August 25 - 31, 2008
560

Last year
674

SOLDS
 

August 17 – 23, 2008
198

Last year
325

Statistics
 

LISTINGS 
 Residential (Single Family & Condo)

August 18 – 24 , 2008
704

Last year
696

SOLDS
 

August 10 – 16, 2008
230

Last year
329