From the monthly archives:

October 2010

Mortgage Rates Seen Rising to 5.1% In 2011

October 29, 2010
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Mortgage rates may be as low as they will go, with the average 30-year fixed-rate home loan on course to rise after hovering for months at historically low levels. The Mortgage Bankers Association predicts rates on the 30-year fixed-rate mortgage will average 4.4% in the fourth quarter of 2010, increasing to a 4.7% average in […]

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ZipRealty Report Shows Homes Selling For Above Asking Price

October 29, 2010
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According to ZipRealty’s Quarterly Home Hunter Report, Q3 home sales in upscale and starter communities were more robust than they have been in many months. According to ZipRealty, California has five of the nation’s “hottest” ZIP codes. “The gap between homes selling most above and below asking price appears to be decreasing,” said John Oldham […]

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U.S. Economy Grows 2% As Consumer Spending Picks Up

October 29, 2010
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The U.S. economy grew at a 2 percent annual rate in the third quarter as consumer spending climbed the most in almost four years, a sign the expansion is developing staying power. The increase in gross domestic product matched the median forecast of economists surveyed by Bloomberg News and followed a 1.7 percent gain the […]

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Lennar Announces Purchase Of Land At Berewick Community In Southwest Charlotte

October 29, 2010
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Lennar is excited to announce it has recently completed the purchase of land at Berewick, a master-planned community located in Southwest Charlotte, North Carolina. The homebuilder famous for offering the best value, locations and “Everything’s Included” will be offering single-family home designs featuring 4 and 5 bedroom homes with lofts, bonus rooms and main floor […]

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Long-Term Mortgage Interest Rates Edge Higher

October 29, 2010
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Mortgage rates are still incredibly low by historical standards. They’ve been fluctuating around record lows not seen in more than a half-century for a good many months now. This week was one where that movement was upward, according to industry data released Thursday. A nationwide survey conducted by Freddie Mac found that 30-year fixed-rate mortgages […]

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Jobless Claims In U.S. Unexpectedly Drop To Three-Month Low

October 28, 2010
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Claims for jobless benefits unexpectedly dropped last week to a three-month low, a sign the U.S. labor market may be starting to mend. Initial jobless claims decreased by 21,000 to 434,000 in the week ended Oct. 23, the lowest since early July when fewer auto plants than normal closed for retooling, Labor Department figures showed […]

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Mortgage Activity Rebounds As Rates Drop Again

October 28, 2010
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Industry data released by the Mortgage Bankers Association (MBA) Wednesday shows that consumer demand for home loans intensified last week as mortgage interest rates dropped to their second-lowest level on record. MBA says its measurement of total mortgage loan application volume rose 3.2 percent for the week ending October 22, after dipping more than 10 […]

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Vacation-Home Sales Rise At Leisurely Pace

October 28, 2010
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Think vacation homes are just for wealthy retirees? Think again. Whether it’s on Florida’s frothy beaches, Arizona’s arid fairways or the rolling mountainsides in Colorado or North Carolina, the Great Recession has inadvertently made second homes a real possibility for at least some people. And they are often younger and less affluent than popular perceptions […]

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U.S. Economic Confidence Improving In October

October 28, 2010
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Gallup’s Economic Confidence Index averaged -29 over the first four weeks of October – an improvement from -33 in September and from similar July and August readings. However, Americans’ optimism about the U.S. economy going forward is slightly worse today than it was at this time a year ago. The Economic Confidence Index consists of […]

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Lennar Atlanta – Building Energy Star Certified Homes

October 28, 2010
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It’s official – the first group of new homes built by Lennar Atlanta have been tested by an independent third party and all homes met the guidelines to be designated Energy Star Certified Homes, one of the most widely recognized  designations in green building. Some of the features that Lennar Atlanta is incorporating in to every home […]

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