As The Supply Of New Homes Grows, So Does The Opportunity For A “Good Deal”

by David Lukas February 25, 2010

New Home Sales fell 11 percent from the month prior and posted the fewest units sold in a month since 1963 — the year the government first started tracking New Home Sales data. It may be good for home buyers.

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December 2009 Case-Shiller Data Shows Battered Markets In Bona Fide Recovery

by David Lukas February 24, 2010

Using data compiled in December, Standard & Poors released its Case-Shiller Index Tuesday. The report shows home prices down just 2.5% on an annual basis, a figure much lower than the 8.7% annual drop reported after Q3.

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How You Can Get The Most Accurate, Real-Time Mortgage Rate Quotes Available

by David Lukas February 23, 2010

Although the newspapers reported mortgage rates down last week, they weren’t. Conforming mortgage rates were higher by at least 1/8 percent, or roughly $11 per $100,000 borrowed per month. In some cases, rates were up by even more.

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What’s Ahead For Mortgage Rates This Week : February 22, 2010

by David Lukas February 22, 2010

Mortgage markets had a terrible, holiday-shortened week last week as Wall Street responded to worse-than-expected inflation data and action from the Federal Reserve. Mortgage bonds sold off with force, causing mortgage rates to rise for the second week in a row.

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Two Reasons to buy sooner rather than later

by David Lukas February 20, 2010

In this video I talk about the two key reasons why it makes sense to buy sooner rather than later. Waiting to buy a home could cost a home buyer nearly $20,000 or more over a seven-year period if they purchase incorrectly. While the actual impact will vary depending on purchase price, the impact will certainly be [...]

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Housing Starts Soar To 6-Month High In January… Or Do They?

by David Lukas February 19, 2010

Sometimes, headlines for housing can be misleading and this week gave us a terrific example. On Wednesday, the Commerce Department released its Housing Starts data for January 2010. The data showed starts at a 6-month high. The real story is something different.

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Mortgage Rates Spike On The Federal Reserve’s January 2010 Meeting Minutes

by David Lukas February 18, 2010

The Fed Minutes is a follow-up document, delivered 3 weeks after an official FOMC meeting. It’s a companion piece to the post-meeting press release, detailing the debates and discussions that shaped our central bankers’ policy decisions. The Minutes is a terrific look into the Fed’s collective mind and, yesterday, Wall Street didn’t like what it saw.

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All About Buying a Home

by David Lukas February 18, 2010

This is a great Family Money Essential Series titled: All About Buying a Home.  Heath and I spend an entire hour covering muliple topcis related to your home purchase. If you are even thinking of buying a home, this is a must listen to show. (Click play below)

All About Buying a Home
 
Family Money Show
 

David [...]

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The Best And Worst Cities For Commuters (2010 Edition)

by David Lukas February 17, 2010

According to the Census Bureau, 2.8 million people commute to work 90 minutes or more each day, in each direction. Now, your daily commute may not be as long, but time spent in cars, trains and buses is time away from work and from family.

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What’s Ahead For Mortgage Rates This Week : February 16, 2010

by David Lukas February 16, 2010

Mortgage markets worsened last week on general profit-taking in the U.S. bond market, combined with talk of a coordinated rescue effort for Greece and its debt burden. Mortgage-backed bonds sold off, causing conventional and FHA mortgage rates to rise.

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