Points of Interest © New Home Sales Sink to New Lows without Benefit of Tax Credit. June 23rd, 2010 10:59 AM From day to day we want to remain optimistic given any set of circumstances as we are creatures of hope.  But when we hear of a metric plunging 33 percent to the lowest level on record... It's all but difficult. Consumers stopped buying new homes when the tax credit incentive expired the previous month.  Demand was all but washed out by the rush at the end to grab the $8,000 tax credit. We believe consumers have decided to take better care of all their "stuff" including their existing homes in this season of debt reduction.  Spending and creating more debt for a new home is passe'.  Moving further out to a new subdivision only to turnaround and commute a greater distance to a job no longer has any appeal.  The suburban sprawl of one more cul-de-sac loses against the beauty of a lush green field.  Posted by Stephen A Myers on June 23rd, 2010 10:59 AMPost a Comment (0) Subscribe to this blog * Name: * Email Address: URL: Comment:         Type the characters you see in this picture, click "Submit" when finished.   This helps us prevent automated programs from posting comments and sending spam. * Name: * Email Address: Address: City: State: Zip:   This helps us prevent automated programs from creating bogus contacts and adding them to your contacts database.

Recent Posts: MetFund now on Facebook And the Fed Says... New Home Sales Sink to New Lows without Benefit of Tax Credit. Real Estate Settlement Procedures Act and Regulation X Secure and Fair Enforcement (SAFE) Mortgage Licensing Act of 2008 Archive: February 2007 Don't lose sight of the fundamentals Posted by Stephen A Myers on February 28th, 2007 6:23 PM June 2010 Penalties for Violations of RESPA and Regulation X Posted by Stephen A Myers on June 16th, 2010 6:30 AM Discrepancy in Gas Prices at the Pump Posted by Stephen A Myers on June 14th, 2010 11:33 AM May 2010 Average Credit Score Up on Loans Purchased by Agencies Posted by Stephen A Myers on May 27th, 2010 2:49 PM Yield on 10 year Treasury comes within a hair of its 52 week low Posted by Stephen A Myers on May 26th, 2010 12:05 PM Dissecting Jobs Report from Last Week Posted by Stephen A Myers on May 12th, 2010 10:53 AM Why Does Warren Buffet Praise Lloyd Blankfein of Goldman Sachs? 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Posted by Stephen A Myers on July 14th, 2008 4:19 PM Credit Mistake #5: Applying for Too Many New Credit Accounts Posted by Stephen A Myers on July 14th, 2008 4:08 PM Credit Mistake #4 High Utilization of your Max Revolving Credit Posted by Stephen A Myers on July 12th, 2008 7:44 AM Credit Mistake # 3 Settling an Account for less than you owe Posted by Stephen A Myers on July 11th, 2008 12:21 PM Credit Mistake #2 Missing Payments Posted by Stephen A Myers on July 10th, 2008 8:28 AM 5 Big Credit Mistakes: Credit Mistake #1 Posted by Stephen A Myers on July 9th, 2008 2:38 PM June 2008 Is renting a better idea than owning? Posted by Stephen A Myers on June 27th, 2008 9:03 PM Changes for FHA insurance premiums; Your credit is always important Posted by Stephen A Myers on June 20th, 2008 12:19 PM April 2008 The Relative Size of the Problem Posted by Stephen A Myers on April 29th, 2008 10:32 AM March 2008 So who are the interest cuts helping? Posted by Stephen A Myers on March 19th, 2008 9:54 AM What's the real inflation story? Posted by Stephen A Myers on March 14th, 2008 8:52 AM February 2008 With all this Bad News Why are Mortgage Rates Higher? Posted by Stephen A Myers on February 26th, 2008 2:15 PM Credit Market Snafus Extend Beyond Mortgages Posted by Stephen A Myers on February 22nd, 2008 11:32 AM Momentary Drop in Rates Create Rush to Refi Posted by Stephen A Myers on February 14th, 2008 7:39 PM January 2008 Fed snaps the market with 75 basis point cut Posted by Stephen A Myers on January 22nd, 2008 11:56 AM Your Credit Record is Precious Posted by Stephen A Myers on January 16th, 2008 7:14 AM Dramatic Fed cut would cause mortgage rates to rise Posted by Stephen A Myers on January 12th, 2008 10:28 PM Buy when Blood is in the Street Posted by Stephen A Myers on January 11th, 2008 5:54 PM Inflation + Recession = Stagflation Posted by Stephen A Myers on January 3rd, 2008 3:21 PM December 2007 Debate about the economy rages on Posted by Stephen A Myers on December 18th, 2007 10:09 AM Even If You Don't Have an ARM - Listen Up! Posted by Stephen A Myers on December 3rd, 2007 10:08 AM November 2007 Smart buyers are taking advantage of the gifts provided by the market. Posted by Stephen A Myers on November 14th, 2007 12:28 PM October 2007 Mixed Emotions about what the Fed will do Posted by Stephen A Myers on October 30th, 2007 9:10 AM DOW Industrials hit new highs; Earning's season starts; brokers have higher earnings with smaller write-downs Posted by Stephen A Myers on October 9th, 2007 7:37 AM September 2007 REFINANCING: the trouble may be your Appraisal Posted by Stephen A Myers on September 25th, 2007 2:39 PM Will the Fed's Rate Cut Help You, the Homeowner? Posted by Stephen A Myers on September 19th, 2007 3:14 PM Creative Financing and the Perils of Fraud Posted by Stephen A Myers on September 18th, 2007 10:44 AM Review of market cartwheels... 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Posted by Stephen A Myers on August 3rd, 2007 12:04 PM July 2007 Credit Card practices come under congressional scrutiny Posted by Stephen A Myers on July 31st, 2007 8:18 AM I couldn't resist this... Posted by Stephen A Myers on July 27th, 2007 9:26 AM “Riddle me this, Batman” Posted by Stephen A Myers on July 16th, 2007 9:17 AM Busting the Mortgage Myths! Posted by Stephen A Myers on July 3rd, 2007 10:35 AM June 2007 Fannie Mae's MyCommunityMortgage tightens the guidelines Posted by Stephen A Myers on June 22nd, 2007 10:22 AM An Interview with Tony Bolding from Washington Mutual Posted by Stephen A Myers on June 18th, 2007 9:53 AM Tips on how to get the most from your loan counseler Posted by Stephen A Myers on June 14th, 2007 12:31 PM Government Report Questions Title Industry Practices Posted by Stephen A Myers on June 11th, 2007 2:18 PM Make sure your loan counselor is capable of closing your loan Posted by Stephen A Myers on June 7th, 2007 12:28 PM Personal saving rates and a thought on refinancing Posted by Stephen A Myers on June 1st, 2007 9:55 AM May 2007 Where's our leadership? GDP revision is even lower than expected Posted by Stephen A Myers on May 31st, 2007 1:11 PM U.S. home prices fall for the first time since 1991 Posted by Stephen A Myers on May 29th, 2007 1:24 PM Is this an "engineered" economy Posted by Stephen A Myers on May 21st, 2007 10:22 AM Save the Earth (Plus a Few Bucks) Posted by Stephen A Myers on May 18th, 2007 4:23 PM Is our Honey Bee in mortal danger? Posted by Stephen A Myers on May 7th, 2007 11:23 AM Where do morgage rates come from? Posted by Stephen A Myers on May 1st, 2007 2:23 PM April 2007 The pundits hail a low core inflation; but food and energy are through the roof! Posted by Stephen A Myers on April 18th, 2007 6:00 AM A senseless tragedy at our Virginia Tech Posted by Stephen A Myers on April 17th, 2007 7:42 AM March 2007 The Fed keeps rates high and unchanged. Why is liquidity growing? Posted by Stephen A Myers on March 26th, 2007 10:18 PM Headlines scream! Existing home sales up! But is that the whole story? Posted by Stephen A Myers on March 23rd, 2007 11:59 AM competing Dual offers are back! Posted by Stephen A Myers on March 19th, 2007 2:50 PM Financing an Addition and/or Renovation Posted by Stephen A Myers on March 16th, 2007 10:10 AM "Credit cards' worst tricks" posted on Yahoo! Posted by Stephen A Myers on March 14th, 2007 12:58 PM And they talk about the mortgage industry… Posted by Stephen A Myers on March 7th, 2007 2:13 PM and another one bites the dust... Posted by Stephen A Myers on March 6th, 2007 2:44 PM June 2010 (2) May 2010 (5) April 2010 (3) March 2010 (2) February 2010 (5) January 2010 (7) December 2009 (5) November 2009 (5) October 2009 (5) September 2009 (7) August 2009 (6) July 2009 (3) June 2009 (1) May 2009 (4) April 2009 (2) March 2009 (6) February 2009 (2) January 2009 (3) December 2008 (4) November 2008 (5) October 2008 (9) September 2008 (7) August 2008 (3) July 2008 (13) June 2008 (2) April 2008 (1) March 2008 (2) February 2008 (3) January 2008 (5) December 2007 (2) November 2007 (1) October 2007 (2) September 2007 (8) August 2007 (5) July 2007 (4) June 2007 (6) May 2007 (6) April 2007 (2) March 2007 (7) February 2007 (1) My Favorite Blogs: Metro SOS inc. Metro SOS Inc Northern Virginia Home Finder Sites That Link to This Blog: Huntsville Alabama Real Estate / Philip Winburn / Rosenblum Realty Inc. Metro SOS inc. Metro SOS Inc Northern Virginia Home Finder Soldsense

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