Home prices raise for January 2010

We all hope this is a positive sign of recovery. My theory, is we still have a ways to go, but at least this sounds positive.

http://www.latimes.com/business/la-fi-home-sales31-2010mar31,0,6735242.story?track=rss

Make your own furniture !

http://knockoffwood.blogspot.com/search/label/plans

Very neat write up of how to make your own furniture for fraction of the price.

California home index going up

According to this article and the nice graphs they provide, California is on the plus side.

http://www.economist.com/blogs/freeexchange/2009/12/california_two_views

Latest Home Price Data is Good News for Buyers

http://online.wsj.com/article/SB10001424052748703510304574626212033033506.html?mod=googlenews_wsj

Key Home Price Index Rises for Fifth Month

Thats good news. I hope its not a fault positive. If this is true, and housing prices are back on the positive, then it looks like a good time to buy a home.

http://www.businessweek.com/bwdaily/dnflash/content/dec2009/db20091229_335504.htm

Existing home sales up 7.4%

That seems like good news, but of course a lot of people were originally trying to close on homes for November 2009's tax credit, before Obama approved the extension. Hopefully those numbers are accurate of the economy improving. This also means, interest rates may be on their way back up soon.

http://online.wsj.com/article/SB126148828270801485.html?mod=WSJ_hpp_LEFTWhatsNewsCollection

Rumor of increase of interest rates in near future

Looks like a lot of ecomonics are fearing rise in interest rates in the near future, even after Fed's announced after a 2 day meeting that they will keep interest rates near zero for another 45 day period. This seems to have scared the stock market as well, since there's a heavy reaction on the increased US dollar value.

http://online.wsj.com/article/BT-CO-20091217-711212.html

Fed to hold rates til 2011?

Hopefully this is good news for home buyers.

http://money.cnn.com/2009/12/15/news/economy/fed_rates/

Obama’s mortgage modification destined to fail

Looks like they finally figured out the real reason for the issue, bubble in home values. Isn't our government smart. Lets see if the can fix it.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aK_i0u8bqxeE&pos=5

Bernanke will hold rates for now

Looks like he'll be holding the interest rates low. Economist think the rates will hold low til mid-2010.

http://www.washingtonpost.com/wp-dyn/content/article/2009/12/07/AR2009120703359.html