Posts in category 'News'

Housing Ends the Year Strong

Overview: As usual, trading volume was considerably reduced during the last couple of weeks of the year. The market reaction to the economic news was minor, and mortgage rates remained near-record-low levels.

The remarkable rebound in the housing market has continued. In November, existing-home sales, which account for roughly 90% of the market, were 26% higher than a year ago and near the best levels since 2006. The median existing-home price was 15% higher than a year ago, also close to record levels. The one drawback was that inventory levels were down 22% from a year ago. The number of homes for sale w...

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Coldwell Banker Tomlinson Proudly Supports St. Jude Children's Research Hospital

Coldwell Banker Tomlinson has joined Coldwell Banker offices around the country by partnering with St. Jude in their mission: Finding cures. Saving children.®   Long a sponsor of the Boise area St. Jude Dream Home, CBT is committed to assisting in the lifesaving research and treatments used each and every day at St. Jude to battle and cure childhood cancers and other diseases.

Founded in 1962 by entertainer Danny Thomas, St. Jude Children's Research Hospital leads the way in the advancement of cures and prevention of pediatri...

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Job Gains Slow; Manufacturing and Services Remain Strong

Overview: The past week was relatively quiet for mortgage markets. While the key labor market data was a bit weaker than expected, the other major reports were right on target, and they all caused little reaction. Mortgage rates remained near-record-low levels.

According to the most recent data, the solid rebound from unprecedented job losses has continued, albeit at a slower pace. In November, the economy gained 245,000 jobs, below the consensus forecast of 450,000. The economy has now recovered more than half of the 22 million jobs lost in March and April.

The une...

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