Economic Updates
Wednesday, May 27
Last Week in the News The Conference Board reported that its index of leading economic indicators rose 1% in April. It was the first gain in seven months and the biggest gain since November 2005. The index is designed to forecast economic activity in the next three to six months.The National Asso...
I’m dabbling in Green
Wednesday, May 20
I have been following the so called Green Building news for a couple of years now, although mostly just in my periphery. I did my thesis for my MBA on affordable housing a couple years ago. At that time I read through quite a bit of literature on Green Building. My interest in it then was as i...
Economic Update
Tuesday, May 19
Last Week in the News On Tuesday, May 12, according to the ICSC-Goldman Sachs index, store sales rose 0.3% in the week ending May 9 compared to the previous week. Compared to a year ago, retail sales were up 0.5%. That is the best year-over-year reading since late November 2008.The Mortgage Bank...
Actual HUD Guidelines for Flips
Thursday, May 14
I purchased a home in February and I had it fully remodeled and back on the market within 6 weeks. Within 5 days of having it listed I had a couple offers, both of them FHA Loans. I selected one of the offers. Both parties knew about the FHA seasoning issues requiring a home to be owned f...
Economic Update
Monday, May 11
Last Week in the News On Monday, May 4, the Commerce Department reported total construction spending increased 0.3% in March. It was the best result since September 2008, and ended five months of consecutive decline. Economists had expected spending to drop 1.5%.The National Association of Realt...
Economic Update
Wednesday, May 06
Last Week in the News On Tuesday, April 28, the Conference Board reported that its consumer confidence index rose 12.3 points to 39.2 in April. Economists had expected the index to increase to 29.5. It is the highest level since a November reading of 44.7 and is the largest jump since a gain of 1...