LoanCentral's Real Estate Lending Blog 7 Year Low for NEW home sales April 1st, 2007 4:41 PM New Homes Sales Drop to Lowest Level in Nearly 7 Years New home sales dropped in February to the lowest level since June 2000. Total New Home Sales for January 2007 Seasonally-Adjusted Annual Rate: 848 million units   One Month Change: Down 3.9%   One Year Change: Down 18.3% Total New Home Inventory: 546,000 available One Month Change: Up 11.0% One Year Change: Up 26.6% Supply at Current Sales Pace: 8.1 months   National Median Price for a New Home: $250,000 One Month Ago: $243,200 One Year Ago: $250,800      Source: U.S. Commerce Department Posted by George Charles #MB-70191 on April 1st, 2007 4:41 PMPost a Comment (0) Subscribe to this blog * Name: * Email Address: URL: Comment: Type the characters you see in this picture, click "Submit" when finished.   This helps us prevent automated programs from posting comments and sending spam. * Name: * Email Address: Address: City: State: Zip:   This helps us prevent automated programs from creating bogus contacts and adding them to your contacts database.

Recent Posts: Is Private Mortgage InsuranceTax Deductible? Why you should carry a B I G L O N G Mortgage Payroll Tax Cut Extension Causes Mortgage Rates to Rise! Low Down Payment Options Really Do Exist!!! Higher FHA Loan Limits reinstated! New unemployment numbers released - effects on Mortgage Rates Housing revival may hinge on wider refinancing access Government may increase FHA / VA Loan Limits How your Credit Score is Determined BEWARE…WITH THESE LOW RATES, DON’T FALL FOR THE 15 YEAR FIXED TRAP!!! FINALLY! New Conforming JUMBO Loan Limits Announced Plan Ahead for Changing Loan Limits!!! Rates are Down, but VERY VOLATILE ! Rates are getting low again! WHY YOU SHOULD CARRY A BIG LONG MORTGAGE! NEW Mortgage Regulations will increase costs to the consumer! LO Compensation - has the government over stepped its' authority? ARM Rate Indexes - a 10 year history Feds revamp Waitress compensation due to e coli poisoning FHA Insurance premiums going up SOON - better buy NOW to beat the increase! Archive: March 2007 Top 10 states with homes in foreclosure Posted by George Charles #MB-70191 on March 28th, 2007 10:34 AM Tax Time's getting closer- Got your deductions? Posted by George Charles #MB-70191 on March 25th, 2007 10:58 PM Mortgage Fraud Posted by George Charles #MB-70191 on March 25th, 2007 10:41 PM Builders study on life expectancy... Posted by George Charles #MB-70191 on March 25th, 2007 10:15 PM Recent Articles on the industry Posted by George Charles #MB-70191 on March 25th, 2007 12:00 AM More Mortgage Foreclosures - may not affect the economy Posted by George Charles #MB-70191 on March 24th, 2007 11:51 PM No surprise... More Layoffs in Sub-prime Loan Sector Posted by George Charles #MB-70191 on March 24th, 2007 11:47 PM Fed Leaves Rates at Current levels Posted by George Charles #MB-70191 on March 24th, 2007 11:42 PM Today's SuDoKu Posted by George Charles #MB-70191 on March 24th, 2007 11:24 PM Subprime Lender implosion Posted by George Charles #MB-70191 on March 18th, 2007 11:28 PM Welcome to our blog! Posted by George Charles #MB-70191 on March 18th, 2007 10:23 PM February 2011 RATES IMPROVE SLIGHTLY THIS WEEK! Posted by George Charles #MB-70191 on February 25th, 2011 4:11 PM January 2011 See how home buying power erodes as rates rise Posted by George Charles #MB-70191 on January 18th, 2011 4:43 PM December 2010 Rates have likely hit BOTTOM Posted by George Charles #MB-70191 on December 3rd, 2010 6:18 PM November 2010 QE2 and how it will affect Mortgage Rates Posted by George Charles #MB-70191 on November 11th, 2010 11:01 AM Happy Veterans Day - uh, Armistice Day Posted by George Charles #MB-70191 on November 11th, 2010 10:50 AM October 2010 QE2 our way to a better economy? Posted by George Charles #MB-70191 on October 29th, 2010 6:36 PM Upcoming Economic Reports affecting Mortgage Loans Posted by George Charles #MB-70191 on October 29th, 2010 4:29 PM New Credit Score Model Posted by George Charles #MB-70191 on October 28th, 2010 11:24 AM September 2010 HomePath financing on FNMA REO's Posted by George Charles #MB-70191 on September 23rd, 2010 5:48 PM August 2010 New Mortgage Rates - Hit historical LOWS Posted by George Charles #MB-70191 on August 20th, 2010 3:56 PM Inflation? Deflation? What's going on? Posted by George Charles #MB-70191 on August 20th, 2010 3:07 PM June 2010 Tax Credit Extension APPROVED by Senate Posted by George Charles #MB-70191 on June 17th, 2010 2:38 PM Homebuyer Tax Credit E X T E N S I O N is a possibility Posted by George Charles #MB-70191 on June 17th, 2010 12:56 PM What are MORTGAGE Rates doing? Posted by George Charles #MB-70191 on June 6th, 2010 8:07 PM May 2010 Others Are Acting Quickly…Don't Miss This Opportunity Posted by George Charles #MB-70191 on May 25th, 2010 10:29 AM Market Volatility in Mortgage Lending Posted by George Charles #MB-70191 on May 18th, 2010 3:03 PM March 2010 Why rates are about to go UP Posted by George Charles #MB-70191 on March 3rd, 2010 9:56 AM February 2010 Tax credit for homebuyers is coming to an end... Posted by George Charles #MB-70191 on February 26th, 2010 9:59 AM Truth about Appraisals Posted by George Charles #MB-70191 on February 15th, 2010 1:35 PM December 2009 In the market to buy a home? You may want to consider moving soon! Posted by George Charles #MB-70191 on December 1st, 2009 10:58 AM November 2009 FREEZE... or shift with the market Posted by George Charles #MB-70191 on November 22nd, 2009 8:26 PM 1st Time Homebuyer tax credit extended... Posted by George Charles #MB-70191 on November 5th, 2009 6:23 PM LoanCentral is Premiere sponsor for Habitat at the Eastside Agent Panel Event Posted by George Charles #MB-70191 on November 5th, 2009 3:28 PM The Broker Advantage - the CONSUMER still wants choices Posted by George Charles #MB-70191 on November 2nd, 2009 12:37 PM October 2009 Could THIS be the low point for Interest Rates? Posted by George Charles #MB-70191 on October 17th, 2009 10:46 AM Watch out Seattle... we're coming back! Posted by George Charles #MB-70191 on October 2nd, 2009 1:40 PM September 2009 Market Update... updated weekly! Posted by George Charles #MB-70191 on September 10th, 2009 9:21 AM August 2009 INDIVIDUAL Real Estate agents may now qualify for a SBA loan… Posted by George Charles #MB-70191 on August 12th, 2009 11:51 AM July 2009 LOAN Modification programs - beware Posted by George Charles #MB-70191 on July 27th, 2009 12:33 PM $8,000 Tax Credit Deadline getting closer! Posted by George Charles #MB-70191 on July 15th, 2009 3:11 PM Why is the housing market picking up! Posted by George Charles #MB-70191 on July 14th, 2009 7:04 PM June 2009 HVCC Appraisal Legislation - We need a CHANGE! Posted by George Charles #MB-70191 on June 5th, 2009 7:52 PM May 2009 FHA Says Yes / No / Wait - hold on tax credit for downpayment Posted by George Charles #MB-70191 on May 18th, 2009 9:42 PM April 2009 Fed says Real Estate is Stabalizing... Posted by George Charles #MB-70191 on April 16th, 2009 5:33 PM Home Sales – activity is picking up! Posted by George Charles #MB-70191 on April 15th, 2009 1:08 PM 4th time in 2009 Posted by George Charles #MB-70191 on April 7th, 2009 2:03 PM FACT - It's Still a Good GREAT Time to Buy Real Estate Posted by George Charles #MB-70191 on April 7th, 2009 1:38 PM September 2008 And you don't think we needed a housing correction? Posted by George Charles #MB-70191 on September 22nd, 2008 5:56 PM What if all of Canada AND Mexico moved to the United States? Posted by George Charles #MB-70191 on September 3rd, 2008 11:23 AM August 2008 LoanCentral's Sale Price vs. Payment Calculator TRY IT ! Posted by George Charles #MB-70191 on August 27th, 2008 3:30 PM It’s a “BUYERS Market”, not an “I’ll Think about it” market Posted by George Charles #MB-70191 on August 27th, 2008 3:12 PM Who and what is the Federal Reserve – and why do they keep affecting my mortgage payment? Posted by George Charles #MB-70191 on August 27th, 2008 2:28 PM Download LoanCentral's Bi-Weekly market update Posted by George Charles #MB-70191 on August 27th, 2008 2:17 PM Thinking about leaving the business? Posted by George Charles #MB-70191 on August 27th, 2008 2:13 PM LoanCentral's Interest Rate History Graph - July 2008 Posted by George Charles #MB-70191 on August 27th, 2008 2:12 PM Fannie Mae changes higher down payments requirements Posted by George Charles #MB-70191 on August 27th, 2008 11:49 AM Are You Looking For A Handout or a Solution? Posted by George Charles #MB-70191 on August 27th, 2008 11:45 AM June 2008 LoanCentral's Interest Rate History Graph Posted by George Charles #MB-70191 on June 1st, 2008 10:11 PM December 2007 Appreciation is still in Positive Territory for Seattle! Posted by George Charles #MB-70191 on December 19th, 2007 4:28 PM Subprime Series #1 - Foundation 25 years ago Posted by George Charles #MB-70191 on December 17th, 2007 8:21 PM Updated Interest Rate History from LoanCentral Posted by George Charles #MB-70191 on December 17th, 2007 7:55 PM Subprime Meltdown - Presentation in Bellevue on December 13th Posted by George Charles #MB-70191 on December 17th, 2007 7:23 PM November 2007 Economic Calendar for November 12th - 16th from LoanCentral Posted by George Charles #MB-70191 on November 12th, 2007 12:36 PM Seattle Home Market - Stable? Posted by George Charles #MB-70191 on November 11th, 2007 10:14 PM May 2007 Some buyers finding it more difficult to buy a home... Posted by George Charles #MB-70191 on May 30th, 2007 1:28 PM New Home Sales surge for April 2007... the real story Posted by George Charles #MB-70191 on May 25th, 2007 11:18 AM April 2007 7 Year Low for NEW home sales Posted by George Charles #MB-70191 on April 1st, 2007 4:41 PM Home sales continue to climb in February Posted by George Charles #MB-70191 on April 1st, 2007 4:01 PM February 2011 (1) January 2011 (1) December 2010 (1) November 2010 (2) October 2010 (3) September 2010 (1) August 2010 (2) June 2010 (3) May 2010 (2) March 2010 (1) February 2010 (2) December 2009 (1) November 2009 (4) October 2009 (2) September 2009 (1) August 2009 (1) July 2009 (3) June 2009 (1) May 2009 (1) April 2009 (4) September 2008 (2) August 2008 (8) June 2008 (1) December 2007 (4) November 2007 (2) May 2007 (2) April 2007 (2) March 2007 (11) My Favorite Blogs: 4 Corners Real Estate Appraisals LLC Action Appraisal, Inc Appraisal Specialists Inc. Jean Szeman, Broker, ePRO, SFR, REOS, GRI, ABR,Bob Szeman, Realtor, ePRO, US Preferred Realty Keller Williams Realty Professional Partners Realty Executives Evergreen Contractor Website Pros.com Dave Pautsch, REALTOR® at RE/MAX Integrity Grantham Appraisal Service RE/MAX Advantage RE/MAX, Pueblo West LoanCentral, LLC NMLS # MB-70191 Prudential Jack White/Vista Real Estate Re/Max Preferred Group John L. Scott Real Estate Website Pros.net 1-866-482-6791 -HIWEB.NET Ron Cowan Appraisal Service, Inc Muljat Group Steve Conelley Arizona Premier Realty Homes & Land LLC The LeFebvre Team Sites That Link to This Blog: LoanCentral, LLC NMLS # MB-70191

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