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Economic Update - Economic Update - July 28, 2014

Published on: 07/28/2014

Existing home sales rose 2.6% in June to a seasonally adjusted annual rate of 5.04 million units. Compared to a year ago, June existing home sales were down 2.3%. The inventory of unsold existing ... Continue Reading »

Mind Your Money - Resources for Successful Budgeting

Published on: 07/25/2014

Budgeting is a long-term strategy that lets you manage your money to meet financial goals, such as saving for a home, going on vacation or paying bills on time. Continue Reading »

Economic Update - July 21, 2014

Published on: 07/21/2014

The monthly National Association of Home Builders/Wells Fargo housing market index rose four points in July to 53 from a June reading of 49. An index reading above 50 indicates positive sentiment ... Continue Reading »

Economic Update - July 7, 2014

Published on: 07/07/2014

Pending home sales, a forward-looking indicator based on signed contracts, rose 6.1% in May, following a 0.4% increase in April. On a year-over-year basis, May pending home sales were down 5.2%. Continue Reading »

Economic Update - June 30, 2014

Published on: 06/30/2014

Existing home sales rose 4.9% in May to a seasonally adjusted annual rate of 4.89 million units. Compared to a year ago, May existing home sales were down 5%. The inventory of unsold existing homes ... Continue Reading »

Homeline - High-Tech Décor

Published on: 06/27/2014

Bringing Practicality and Coolness to Your Home Continue Reading »

Economic Update - June 23, 2014

Published on: 06/23/2014

The combined construction of new single-family homes and apartments in May fell 6.5% to a seasonally adjusted annual rate of 1,001,000 units, compared to the revised April estimate of 1,071,000 units. Continue Reading »

Special Edition - Celebrate Summer!

Published on: 06/20/2014

June 21 marks the summer solstice and the longest day of the year in the Northern Hemisphere. Continue Reading »

Press Release - Prospect Mortgage Names Michael J. Williams Chairman and CEO

Published on: 06/18/2014

Former Fannie Mae CEO to Lead Company through Next Phase of Growth and Success as Housing Market Rebounds. Continue Reading »

Economic Update - June 16, 2014

Published on: 06/16/2014

The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending June 6 rose 10.3% from the previous week. Purchase volume rose 9%. ... Continue Reading »

Economic Update - June 9, 2014

Published on: 06/09/2014

Total construction spending rose 0.2% to $953.5 billion in April. Compared to April 2013, construction spending has risen 8.6% on a year-over-year basis. Continue Reading »

Economic Update - June 2, 2014

Published on: 06/02/2014

Pending home sales, a forward-looking indicator based on signed contracts, rose 0.4% in April, following a 3.4% increase in March. On a year-over-year basis, April pending home sales were down 9.2%. Continue Reading »

Economic Update - May 26, 2014

Published on: 05/26/2014

New home sales rose 6.4% in April to a seasonally adjusted annual rate of 433,000 units. March’s initial reading of 384,000 units was revised to 407,000 units. On a year-over-year basis, new home ... Continue Reading »

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