By: Fred Arnold The partial government shutdown is starting to impact housing, however it is not for the reason that most people think.  Many people believe that with government workers on hiatus and the threat of the U.S. defaulting on their debt payments that people will delay their decision to purchase or sell their home.  Although there may be some ...

I was truly honored to be one of the honorees at the SCV Boy Scouts of America Leaders of Character event on September 28th. Boy Scouts of America, SCV 8th annual Leaders of Character, Fred Arnold. This week’s newsletter is going be a change of pace.  Instead of reporting all the prior week’s market data, I thought it would be great to comment ...

Home prices continue to gain as the FHFA House Price Index for July rose a more than expected 1.0 percent after increasing 0.6 percent in June. Analysts expected only a .7 percent increase. If you wanted to chart the progression of the Home Price Index you would see that for 18 straight months the index has been rising.  The largest ...

Single-family home prices reached levels not seen since August 2008, and condominium prices dropped to $295,000 from the 5-year high of $300,000 that was seen in July. The number of condo sales is up and home sales are down, but Realtors are optimistic.

The Federal Open Market Committee dropped an unexpected gift on the stock market and mortgage markets when they announced on Wednesday that they will not be cutting back on the government stimulus program at the present time.  Virtually everyone in the mortgage, real estate and stock markets all believed for sure that this meeting is when the stimulus cutting announcement would come ...

by: Fred Arnold Voyager 1 has indeed left our solar system and Home values increase. After 36 years of space travel and months of heated debate among scientists, NASA confirmed Thursday that Voyager 1 has indeed left our solar system and had entered interstellar space more than a year ago. It has good company, as I think that 30-yr fixed 3.25% home ...

Mortgage rates are rising again.  Although we are not experiencing large increases in a single day, there is certainly a rising trend.  There have not been any major headlines that mainstream news has reported that would explain the increase, however there is some less popular economic data that reinforces the notion that the economy is continuing to improve.  An improving ...

The College of the Canyons Chancellor's Circle Business Symposium will help to educate local business owners about the future of the real estate market and what it means for local businesses.

By: Fred Arnold Existing home sales jumped 6.5% in July which was far beyond any analysts expectations.  The National Association of Realtors believes that the jump was primarily due to panic in the market over rising interest rates.  It is believed that many fence sitting home buyers have been jumping into the market to make their purchases because of the belief ...

By: Fred Arnold Coming up on August 24th, 17th Annual Heart of The West Dinner, Auction & Children’s Demonstration-for Carousel Ranch, See attached interview with Denise Tomey, the Executive Director of Carousel Ranch about the Ranch. Equestrian Therapy at Carousel Ranch with Denise Tomey Rising mortgage rates combined with rising home prices are reducing the sales of existing homes according to ...