Jan 8, 2010 | Realtors
Dancing With Realtors ®
Saturday, January 16th at 7:30pm
Four Points/Sheraton, Leominster
Doors open at 7:00 pm
The NCMAR Charitable Foundation presents an elegant evening of Ballroom Dance competitions and performances to benefit Habitat for Humanity, North Central Massachusetts. Tickets Sold In Advance $30 General Admission – Open Seating, Reserved Table of 10 – $300 pre-paid by Jan. 11th. Cash, Major Credit Card or Check Payable to: NCMAR Charitable Foundation, To purchase tickets contact: Lisa Thomann (978)353-2433, Jacqui Keogh (978)632-2880, Kathy lore (978) 345-2531
Thank you for your support!
Jan 6, 2010 | Interesting Stuff
The number of people filing new claims for unemployment benefits in the U.S. fell in the latest week to its lowest level in nearly 18 months, a sign the labor market may be turning a corner.
Initial claims for unemployment benefits fell by 22,000 to a seasonally adjusted 432,000 in the week ended December 26.
Dec 22, 2009 | Buying Real Estate, Realtors, Selling Real Estate
Home resales are expected to have risen to their highest level in nearly three years in November, as an extraordinary level of federal support has pulled the housing market back from the worst downturn since the Great Depression.
Economists project home sales rose 2.5 percent to a seasonally adjusted annual rate of 6.25 million, up from 6.1 million in October, according to Thomson Reuters. If accurate, it would be the third-straight increase and the best month for home sales since February 2007.
The National Association of Realtors’ report is scheduled for release at 10 a.m. EST Tuesday.
Dec 17, 2009 | Buying Real Estate, Mortgage Lenders, News, Realtors
As the industry approaches the deadline for applying the new Good Faith Estimate and HUD-1 Settlement Statement forms, HUD has made good on its promise to provide a revised Settlement Cost Booklet that lenders and brokers will be required to provide to consumers within three days of applying for a real estate mortgage loan. The new 49-page booklet has 13 sections, including careful explanations to the borrower for what each one of the line item represents on the new HUD-1 and GFE forms. Click here to see the HUD’s new Settlement Cost Booklet.
Nov 30, 2009 | Buying Real Estate, Mortgage Lenders, Realtors
National Association of Realtors® reports a big gain in existing-home sales for October and attributes the gain to the first-time buyer credit. Single-family, townhouses and condos accounted for nearly 6.10 million units sold.
The first-time buyer credit program was due to expire on November 30, 2009 and many home buyers pushed to find suitable properties and close in time to take advantage of the credit. This push likely skewed the numbers for October and will certainly impact the numbers for November. The heavily anticipated extension of the first-time home buyer credit came in mid November, by that time many of the real estate closings being pushed had been scheduled to meet the deadline.
With the push over for now I expect a measurable decline through December and early next year. That may be the bad news, but the good news that we are due to experience another push as the extended deadline draws closer in early spring 2010. As always, I am guardedly optimistic.
