East Bay Mortgage & Market Update for March 29th 2011
By Doug Anderson, Bay Area Real Estate Views
(Tucker Associates Real Estate Services)
East Bay Mortgage & Market Update for March 29th 2011 Economic News: Personal Income & Outlays were reported yesterday and both were up. Income is higher by 5.1% from year ago levels and spending increased by 4.1% during the same time period. The Pending Home Sales Index increased to 90.8 reversing the downward trend of the last two months. The Case-Shiller Home Price Index indicates that metropolitan home prices are still under downward pressure. Please keep in mind that all real estate is local so your neighborhood performance can be substantially different from national reports. Consumers are not happy with rising food and energy costs and this was apparent in the Consumer Confidence figures which declined to 63.4 from last month's revised reading of 72. Mortgage Markets: The 10 Ye...
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