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We all know locally and nationally Home sales prices are on the rise. Will it hold thru the fall/Winter? Rates have gone back down to almost there lows. The Economy is still chugging along..
GET READY FOR THE POLITICS ! We are getting close to the election. The negative presidential verbiage is about ready to get Crazy. Hold onto your seats... it is going to be a roller coaster ride...
This week we have several important data releases that we should look out for!
Today, the Department of Commerce is releasing Retail Sales Data which should have a large impact on the market. This report measures the total receipts of retail stores and is a very strong indicator of broad consumer spending patterns. On Tuesday, July 17th, look for CPI receipts numbers to update their price levels on a fixed basket of goods making it a widely accepted and valuable inflation indicator. On the same day, look for the Federal Reserve to update Industrial Production numbers mesuring the physical output of our nation's factories, mines and utilities. Real Estate will be the key data points to look for during the remainder of the week. The Department of Commerce will update Housing Starts and building Permits on Wednesday the 18th indicating new construction on residentail units. Finally, on Thursday, July 19th, the National Association of Realtors will provide updated sales levels for existing homes.
So, stay tuned and be ready to ride the ride as we get updated all through the week with strong economic indicators being released to us.
It was just over two years ago when President Obama vowed to eliminate the danger of financial institutions becoming "too big to fail," but now it has become apparent that the nation's largest banks are BIGGER than they were before the credit markets seized. The Federal Reserve reported that at the end of 2011, the Top 5 banks (JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs) held $8.5 trillion in assets, equal to 56% of the U.S. economy. This is up from 43% from five years earlier. And these 5 banks combined are nearly twice as large as they were 10 years ago! So much for the plan.
Landmark Mortgage Group is a division of Opes Advisors and licensed by the CA Dept. of Real Estate, Real Estate Broker license 01458652 and NMLS 235584. Equal Opportunity Lender.