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FOMC Minutes: Housing Market Stable But Slow

The minutes of the March meeting of the Fed’s Federal Open Market Committee (FOMC) were released Tuesday and included a staff review of current economic conditions. The minutes noted that while labor markets continued to grow, inflation to the Fed’s target rate of 2.00 percent was impeded by dropping fuel prices. The Committee noted that expectations for longer-term inflation remained stable.

Posted in: Blog Tagged: Federal Reserve, FOMC, Housing Market

Home Builder Index Stays Near Nine Year Peak

Home Builder Sentiment slipped to a reading of 57 in December according to the National Association of Home Builders Housing Market Index. November’s reading of 58 prompted analysts to project a reading of 59 for December. The latest reading marks the sixth consecutive month for readings above 50.

Posted in: Blog Tagged: Housing Market, Market Outlook, NAHB

What’s Ahead For Mortgage Rates This Week – October 20, 2014

Last week’s economic highlights included the National Association of Home Builders (NAHB) Housing Market Index for October. The Commerce Department also released Housing Starts for September. Freddie Mac reported that the average rate for a 30-year fixed rate mortgage dropped below four percent. The Fed released its Beige Book report, and Weekly jobless claims came in lower than expected.

Posted in: Blog Tagged: Housing Market, Market Outlook, NAHB

What’s Ahead For Mortgage Rates This Week – Aug 25, 2014

Last week’s economic news brought several reports related to housing. The National Association of Home Builders (NAHB) Wells Fargo Housing Market Index for August rose by two points to 55, which was its highest reading in seven months.

Posted in: Blog Tagged: FOMC, Housing Market, NAHB

Discover Why Your Home Isn’t Selling This Summer

Just when you think you’ve done everything you need to do to get your home ready for the market, months pass and your home doesn’t sell. Consider a few factors that can effect your goal of selling your home.

Posted in: Blog Tagged: Curb Appeal, Home Selling Tips, Housing Market

What’s Ahead For Mortgage Rates This Week – May 5, 2014

Last week’s economic news included several reports related to housing and mortgages. The NAR started the week on a positive note with its Pending Home Sales Index released Monday. Pending home sales in March were higher with an unexpected increase of 3.40 percent over February for an index reading of 97.40.

Posted in: Uncategorized Tagged: Housing Analysis, Housing Market, Mortgage Rates

FOMC Noted Retail Sales In March Reached Highest Level Since September Of 2012

The FOMC of the Federal Reserve released its customary statement after its meeting concluded April 30.

Posted in: Uncategorized Tagged: FOMC, Housing Analysis, Housing Market

What’s Ahead For Mortgage Rates This Week – April 7, 2014

Last week’s economic news included readings on February construction spending and multiple reports on employment data. Private sector employment was higher in March, but The Bureau of Labor Statistics reported that Non-Farm Payrolls for March fell short of expectations.

Posted in: Uncategorized Tagged: Housing Analysis, Housing Market, Mortgage Rates

S & P Case-Shiller Shows Home Prices Down For Third Consecutive Month

Harsh winter weather conditions contributed to home prices falling in January.

Posted in: Uncategorized Tagged: Housing Analysis, Housing Market, S&P Case Shiller

NAHB Housing Market Index Ticks Upward

Spring is almost here, and the National Association of Home Builders Housing Market Index (NAHB HMI) thawed slightly in March.

Posted in: Uncategorized Tagged: Housing Analysis, Housing Market, NAHB

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(217) 532-2525 Hillsboro Office
(217) 324-4663 Litchfield Office

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Hillsboro Office

551 S. Main St.
Hillsboro, IL 62049

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410 N Monroe St.,
Suite 100
Litchfield, IL 62056

Hillsboro Company License #478.025162
Litchfield Company License #477.012410

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