Stocks are looking up after some turmoil in the last couple weeks.
Housing numbers were better than expected in April. My company,
Prudential Triple S Realty, has seen better-than-expected numbers in the
last couple quarters, thankfully. Slowly but surely people....Have a
great Memorial Day weekend folks.





http://ping.fm/vRCa0

CNNMoney's headline: 'Stocks cut losses after housing report'. Good news from The National Association of Realtors aiding Investors in thinking that the US Recovery has some solid foundation.

Big Win for the Prudential Big Booters Kickball Team last night. I think the score was 18-5! Yep...Durango Parks and Rec has a huge adult kickball league. We sustained a couple of injuries however, my beautiful fiancee, Brooke, pulled her quad and a couple of us lost some skin but hey...its a win!

Sitting in Well Fargo Home Mortgage's Market Challenge seminar...they say ask for your social networks help. So, I'm asking....send me your friends that are buying or selling! You all know I have a wonderful new fiancee...help me take care of her. If she's happy, we're all happy. It's the Jerry Maguire close: help me help you (no...not necessarily the 'show me the money part')m

New home starts surged in April, up more than 40% from the bottom in April 2009 (though still down 70% from the decades peak in January 2006. Still there is a 4-decade low stockpile of new single-family homes and rates remain low which may start to push prices up.

Real Estate Shortage?! Really?! CNNMoney.com is reporting a shortage of single-family homes on the market in many market areas emerging from the economic downturn. There are 21.7% less homes on the market than this time in 2008. For example, Denver has fallen to a 5.7 month supply while Phoenix has dropped to a 4.5 month supply. Normal is over a 6 month supply. Nationally, we are at an 8-month supply, but that is down, especially in homes priced from $300-$500,000.

Good News on Jumbo Loans: Jumbo loans, those over $417,000, have been notoriously hard to come by for consumers in the last 24 months. But, analysts are seeing Jumbo's coming back and one major lender is quoting a 30 year fixed rate of just 5.7% - the lowest APR on Jumbo's in 30 years.

Thankfully, the Euro's appear to have put together a plan for Greece, Spain and Portugal so the Market looks better today, especially after the roller coaster ride last week. In real estate, despite the end to federal tax credit incentives, housing looks to have stabilized somewhat. The risk of continued decline in home values has substantially decreased in 93% of 384 metro area around the country. Many analysts think the housing market is sufficiently stable enough to stand on its own. Nonetheless, despite being in a 'growing' economy, rates remain at record lows as the Fed is trying to keep the moderate homes sales moving forward following the end of tax credits.

Armed Service Members...The Fed has extended the $8,000 first-time Buyer tax benefit for you through April of 2011. Mortgage rates remain low...for how long, nobody knows. The market is sliding a bit from last weeks high but most think a sell off and a correction are in order as stocks have surged since the low in March of 2009m

Markets are up again today on good reports from auto makers and Greece's reported backing from the euros. Jobs are inching up, consumer confidence is up...but savings are down...be careful folks. Spend, but don't spend it all!