September 15, 2014 rummy

According to a recent National Association of REALTORS® (NAR) study, Generation Y (born 1980-1995) — sometimes called Millennials or Generation Next — make up the largest share of homebuyers (31%) in the U.S. They also make up the smallest number of home sellers (12%). Generation X (born 1965-1979) is the second-largest group of homebuyers (30%) and the largest group of home sellers (29%). The NAR report breaks down the large Baby Boom Generation into two groups. Those born 1955-1964 accounted for 16% of home purchases, while those born 1946-1954 were responsible for 14% of home purchases. The Silent Generation (born…

February 1, 2013 rummy

In a week packed with big economic news, investors feared that the trend toward higher mortgage rates seen this month would continue. The risk that the Fed might signal a scaling back of its MBS purchases concerned investors. In the end, though, a neutral Fed statement and an unexpected increase in the Unemployment Rate allowed mortgage rates to reverse early increases and end the week with little change. Wednesday’s Fed statement was very similar to the statement issued after its December meeting. Concerning its MBS purchase program, the intention stayed the same, meaning that the Fed will continue buying MBS…

January 25, 2013 rummy

The pace of residential real estate sales picked up considerably in 2012 in the fourcounties of the lower Hudson region – Westchester, by the Real Estate Experts (Realtor) firms The Realtors reported a regional sales aggregate of 11,481 residential units consistingof single-family houses, condominiums, cooperatives, and in the case of Westchester,2-4 family buildings as well. This was a 15% increase over 2011’s total of 9,973 sales,and it arrested the steady decrease in annual sales that commenced in 2004 andcontinued through most of the subsequent period to date. Westchester, the most populous of the counties, and historically accounting for abouttwo-thirds of…