Inside Lending Newsletter From Kristen Zorda – Never Give Up

QUOTE OF THE WEEK… “Never, never, never give up.” –Winston Churchill

INFO THAT HITS US WHERE WE LIVE…  Not giving up on the U.S. housing market is clearly the right strategy. Additional proof of this came with latest New Home Sales report. Up a strong 9.6% in January, new single-family home sales reached a 468,000 unit annual rate. This was the strongest yearly rate since July 2008. So much for the notion that slightly higher mortgage rates are holding back home sales. This January boom in new home sales also supports the theory, reported here, that recent weaker existing home sales numbers were partially caused by a lack of inventory that drove buyers into new homes.

Pending Home Sales, a measure of contracts signed on existing homes, was up just 0.1% in January, foretelling modest sales growth a couple of months out. The January reading, however, was the first increase since last May. In other housing news, the Case-Shiller index of home prices in the 20 largest metros went up 0.8% in December and was up 13.4% for all of last year. The FHFA index of prices for homes financed with conforming mortgages was up also 0.8% in December, and is 7.7% ahead for 2013. Both annual home price gains were the largest seen since 2005.

Kristen Zorda
Loan Officer
NMLS# 58751
648 Plank Rd. Suite 203
Clifton Park NY 12065
Office: 518-366-7999
PrimeLending, a PlainsCapital Company

Orson B.Klender,  Associate Broker

Keller Williams Realty Saratoga Springs
38 High Rock Ave, Saratoga Springs, NY 12866

www.RealEstateSaleSaratogaSpringsNY.com

www.OrsonKlender.com

Connect with me…..

FacebookLinkedInWordpressTwitter

Cell: 1 (518) 588-2319 ~ Fax: 1(866) 588-6066

Advertisements

Tags: , ,

About Real Estate Agent in Saratoga Springs

As an agent who's an expert in this local area, I bring a wealth of knowledge and expertise about buying and selling real estate here. It's not the same everywhere, so you need someone you can trust for up-to-date information. I am eager to serve you.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: