K. Hovnanian’s Cornerstone Model F...

Break out your “dusty shoes” on November 5th! You’re invited to take a first look at the Cornerstone Models and enjoy refreshments on us! KHov Cornerstone Model Event KHov.com/socal 888-345-2324

 

Ends October 31 – Pardee HomesR...

Ends October 31 – Pardee Homes Smart Move Event – http://t.co/l356p2NC

 

Tour New Model Homes by Toll B…...

Tour New Model Homes by Toll Brothers – http://t.co/Etmg12xY

 

Join Us August 27th, 11-4 pm, …...

Join Us August 27th, 11-4 pm, 19 New Homes. Live Music, Catered with Beer & Wine – http://t.co/8Ft2GYF

 

Pending Home Sales Jump 8.2% Higher...

Sales of previously owned homes in the US rose more than expected in the prior month. There is still a large amount of homes for sale, but this is a surprise increase in May. N.A.R (National Association of Realtors) Home Sales Index increased by 8.2%, jumping higher from the dismal numbers in April. Expert economists had expected the rise in contracts of only 3.8%. The West showed double digit growth recently in signed sales contracts. Source: NAR

 

Mortgage Applications Increase in May...

Last month, applications for Mortgage demand reached its highest point in nearly 3 months, due to falling interest rates. Surging demand to purchase and refinance homes helped fuel the biggest percentage gain in applications since March according to the Mortgage Bankers Association. The seasonally adjusted index of refinancing applications topped 16.5%, at the same time, home purchase applications also jumped 4.5% The 30 year fixed rate motgages averaged 4.51%, which is a slight decline from the previous week of 4.54%. Although...

 

Slowing Sales Data...

Median sales prices have dropped again in May, suggesting a slower than expected growth rate in price stability. The poor performance can be attributed mainly to buyer uncertainty, tight credit, and the pesky unemployment rate staying higher than normal. Home sales themselves are also lower than expected for this time of year, the spring selling season builders usually rely upon to ramp up their production numbers. Last month 1,152 new homes were built in the Southland, one of the lowest numbers on record since 1988,...

 

Fed Chief: Economy Slowing, but Growth A...

Federal Reserve Chairman, Ben Bernanke spoke to Congress on Tuesday noting that the job market and the overall economy has begun to weaken. Mainly due to higher energy prices, weather, the Japan crisis, and consumer confidence.  Though he also noted he expects the weakness  to be short-lived and later this year it to strengthen. The Fed’s $600 billion Treasury bond buying program is ending this month, and they haven’t announced any additional measure to stimulate the economy further. The program was...

 

Toll Brothers Express Event – R...

Toll Brothers Express Event – Move-in and Save Now! – http://eepurl.com/dMZc6

 

Fed Retreats on Jumbo Loans Gu…...

Fed Retreats on Jumbo Loans Guarantees. http://www.cnbc.com/id/42987471