Mortgage Bonds are modestly higher and continue to hover near the 200-day Moving Average.This morning, inflation watchers breathed a sigh of relief as the core rate of consumer inflation remained stable and matched expectations. In other news, the numbers of Housing Starts and Building Permits fo
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10/17/2007
Buying or selling a home in the Little Rock real estate market presents interesting challenges. We see buyers who just keep browsing, sellers who are still wanting to price there Little Rock houses in 2005 and 2006 numbers. I just did a 3 year trend in my subdivision, Pleasant Valley (Little
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10/10/2007
Yesterday, Mortgage Bonds bounced off support at the 200-day Moving Average. While prices did finish the day higher, the advance was stopped at the first resistance level (25 day average price).This morning the Pending Home Sales Index for August, which is the leading indicator of existing home s
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10/03/2007
The real estate market seems to be improving in Central Arkansas. I have seen the numbers pick up for the last 2 weeks. We have also seen specific market factors picking up which is showings signs of improvement.We are also seeing bigger homes such as golf course properties picking up with re
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10/03/2007
When it comes to the Bond Market, the rule is good news is bad news and vice versa. Durable Goods was reported at -4.9%, which was lower than expectations of -3.5% and bad economic news, which should be good for Bonds. But Bond prices have actually worsened because the 200-day Moving Average ceil
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09/27/2007
I am always in awe when I take an out of state buyer around our city. We take so much for granted. Our Real estate taxes, our traffic flows and our housing values. We don't seem to appreciate what we have to offer in our city. The comments I hear over and over again is how much growth we hav
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09/24/2007
I was just doing my numbers for this week and realized I never posted last weeks results. The good news is our numbers are in a holding pattern, STABLE. We are still hanging around 1250 homes on the market, which is the same number we have been within 10 homes, since July 17, 2007. The biggest
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09/24/2007
Mortgage Bonds are trading lower again this morning. The euphoria has worn off from Tuesday's rally following the interest rate cut. Traders have now assessed the long-term negative effects of the sinking Dollar and have begun selling into the market.The US Dollar has been falling against foreign
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09/20/2007
Many of you have probably seen the lead story in the Arkansas Democrat Gazette this past week concerning mortgage loan foreclosures nationwide. While this has obviously become a significant problem in the sub-prime markets I would like to touch on a few points as it relates to the mortgage indus
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09/14/2007
Foreclosures, buyers market, shifting market what does all of this mean? From day to day we hear new terms and do we really understand them? Foreclosures involve people who missed payments and have been notified to pay up, catch up or get out. Shifting markets, economist define that as 5 to 7
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09/12/2007
