Just today HUD announced that first time home buyers can use the $8,000 tax rebate for first-time-home-buyers for a down payment on their home. Here is the announcement dated today. Thanks to Howard Nugent of Wells Fargo for this timely news. Previously you were only able to get this tax rebate after you closed on your house. You would close on the home and then apply for your tax rebate.… read more →
Tim Vereide of Prudential Vista Real Estate sent me more of the data that he has been compiling. Thanks Tim. Tim Has been watching the pendings compared to the total active listings on the market. It gives a pretty good idea of what the market has been doing over time. One of Tim’s colleages has graphed this data for him. Take a look at it below. Click on the image… read more →
Well, once again the Monday memo on Wednesday. Suffice it to say, I’ve been busy lately. This week is almost identical to last week. Pendings are up but closings are down. Most of the pendings will turn into closings within a few weeks so that column should rise. Total listings continues to rise. The median price for the inventory on the market went up this week by $100. It’s been… read more →
I did some reading this weekend that makes me think interest rates may be going up in the near future. Every weekend I get a copy of John Maudlin’s weekly letter and Alice Roe’s “Mortgage Market In Review”. Both of them this week talk about the spectre of inflation. Here are a couple quotes…. John Maudlin, “I think the bond market is looking a few years down the road and… read more →
We are starting a website about Palmer… PalmerAlaska.net. It seems that Wasilla is getting plenty of glory these days thanks to Governor Palin, but Palmer is is a nice town too. My daughter Tamara is doing most of the writing but we are open to guest authors as well. If you would like to write about a Palmer business, or a place, or an article on Palmer’s history just send… read more →
Date Active Pending 5/21/2006 761 296 5/20/2007 741 184 5/20/2008 640 201 5/20/2009 656 209 Tim Vereide of Prudential Vista in Wasilla gave me a copy of his statistics comparing active listings to pending listings. He has been keeping track of single family pendings/actives every month for four years. Pending listings are properties that were for sale and are currently under contract with a buyer. Active listings are properties still… read more →