Week Through 9/04/09 Ashburn homes related technicals
Posted by Super Admin on Sunday, September 6th, 2009 at 10:09am.Aug 17 – Builders’ confidence inched higher in August than at any time in the past year.
Aug 20 – Mortgage delinquencies hit another record with 13% of all mortgages either in foreclosure or at least one month behind.
Aug 25 – Prices of homes up 1.4% in 18 of 20 major cities in June [from May]. Only Detroit and Las Vegas saw prices to the downside.
Sep 1 – Boosted by low prices and the tax credit, pending sales of existing homes were boosted in July for the sixth straight month. Inventory in the Washington area is at all time lows and homes are moving quickly in the lower price ranges.
Sep 4 – Unemployment jumped to a 26-year high of 9.7% in August as payrolls fell 216,000, the 20th consecutive monthly decline. The drop met expectations of economists.
Sep 4 - Oil closed the week at $68.02.
Rates have fallen back down to where they were in the Spring [5% +/-]. Refinance activity should pick up once again for those that missed out during the last dip in rates. Contact me for what is going on in the market for Arlington homes for sale va.
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