Bob's Coto Blog

At the start of the year, the "experts" made a lot of predictions about the U.S. economy and what to expect in 2009. Some said housing would riseSome said housing would fallSome said mortgage rates would riseSome said mortgage rates would fallAnd nobody predicted just how big the government's sti...

If you only saw the headlines this week, you may have missed another positive sign in the housing market. According to the Census Bureau, the supply of newly-built homes for sale fell to 10.2 months in May, its lowest level in 10 months. Unfortunately, the New Homes Sales story wasn't positioned ...

The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged today within its target range of 0.000-0.250 percent. The Fed also reiterated its plan to support the mortgage market to the tune of $1.5 trillion. In its press release, the FOMC noted that the U.S. economy is not slowi...

The housing market got another dose of good news yesterday. According to the National Association of REALTORS, the number of homes sold in May increased for the third straight month and the national housing supply fell by 5 months.Furthermore, first-time home buyers are accounting for nearly one-...

The Federal Reserve begins its scheduled two-day meeting this morning. It's one of 8 scheduled meetings for the Federal Open Market Committee this year.When the FOMC meets, it discusses the financial and economic conditions around the country and, when appropriate, the group makes new policy mean...

Mortgage rates are suffering through another volatile week, causing problems for home buyers. After falling Monday and Tuesday, mortgage rates surged Wednesday and Thursday. The momentum higher appears to be carrying into the weekend, too. There are several data-related reasons for the mortgage m...

Moving to a new metropolitan area requires adjustments. There's new streets to learn, new weather patterns to get used to, and new social cultures to assimilate. There's also new costs. Just like home values vary by area, so does the Cost of Living. To visit a doctor in Chicago, as an example, co...

After being range-bound since the start of the year Housing Starts unexpectedly jumped in May, surprising analysts and Wall Street. It's the latest in a string of housing-related data that suggests a real estate recovery is already underway. Housing Starts is an important statistic for a number o...

Americans are feeling better about their budgets right now, raising the possibility of a full economic recovery. According to a University of Michigan and Reuters, Consumer Sentiment rose for the fifth straight month in June. Consumer Sentiment is now at its highest levels since September 2008, t...

Americans are feeling better about their budgets right now, raising the possibility of a full economic recovery. According to a University of Michigan and Reuters, Consumer Sentiment rose for the fifth straight month in June. Consumer Sentiment is now at its highest levels since September 2008, t...