Tom's Blog

July 2010 - Posts

• Housing prices show stability after modest gain.

  Home prices rose slightly in May compared with a month earlier according to CNNMoney.com . Prices were up 1.3% from April, and 4.6% from 12 months earlier. The rise in prices may be an effect of the end of the government's incentive program. Values Read More... Posted Wednesday, July 28, 2010 10:29 AM by Tom Toole, III | (Comments Off) Filed under: Real Estate, Market Conditions, Announcements, Finances

• Fed chief focused on keeping economic recovery moving forward.

  As reported by the Associated Press , federal Reserve Chairman Ben Bernanke heads to Congress today with the message that The Fed is ready to take new steps to bolster the recovery if the economy worsens. The recovery is losing momentum despite flashing Read More... Posted Wednesday, July 21, 2010 10:37 AM by Tom Toole, III | (Comments Off) Filed under: Real Estate, Market Conditions, Industry

• Mortgage rates lowest in five decades...

  Mortgage rates have sunk to the lowest level in more than 5 decades, but consumers aren't rushing to refinance their loans or buy homes according to MSNBC.com and the Associated Press. The mortgage company Freddie Mac quoted an average rate of 4.58% Read More... Posted Thursday, July 01, 2010 12:18 PM by Tom Toole, III | (Comments Off) Filed under: Real Estate, Market Conditions, Announcements, Industry, Finances