Texas Mortgage Blog

Economic Update 04-02-07

Consumer spending rose 0.6% in February, the best showing since a 0.7% jump in December, the Commerce Department reported March 30. The gain was double what analysts had expected, which should help alleviate recession fears fueled by a slump in housing and the domestic auto industry.

Hard Money Partners - The Saga!

Here is an advertisement we run in the EnRICHer Newsletter for the RICH Club.  The story is to be continued...

   

Economic Update 03-26-07

Sales of existing homes unexpectedly rose by 3.9% in February, the largest monthly gain in three years, the National Association of Realtors reported March 23. The price of a median home sold last month dropped to $212,800, down by 1.3% from the same month in 2006, marking a record seven straight months that the median home price has fallen.

What's Hot in Residential and Commercial Financing

This is the time of year that investors, from newby to expert, begin looking for creative new products in the wonderful world of finance.  Like everything else there are trends and patterns that seem to develop every year. Mainly, because banks like to push new products to keep consumers coming back.  Secondly, once a hot new program hits the streets investors spread the word.  This article is the “word” that is spreading.  If you haven’t heard the word then you’re not too late.  In fact, you’re just in time because by now all the bugs have supposedly been eliminated.  If you are a minion of the word then here is a chance to see your labor hard at work.

Economic Update 03-19-07

Driven by big jumps in energy and food costs, the Consumer Price Index rose 0.4% in February, the Labor Department said March 16. The increase was larger than the 0.3% gain analysts had forecast. Core consumer inflation, which excludes volatile food and energy prices, was milder, rising just 0.2%, exactly what economists had been expecting.

Economic Update 03-12-07

The nation's unemployment rate dipped to 4.5% in February, as employers added 97,000 jobs to their payrolls, close to economists' forecast for a gain of approximately 100,000, the Labor Department reported March 9. Unemployment fell despite bad winter weather that forced construction companies to slash 62,000 jobs, the most since 1991.

Read the Fine Print

Its amazing how much education there is out there.  You have to learn how to filter out what is going to help and what is going to complicate your perception.  For me, there are basically three types of books. 

Economic Update 03-05-07

Bolstered by bonus payments to high-income executives and pay raises for federal workers, personal incomes rose 1% in January, the largest advance since a 1.3% jump in January 2006, the Commerce Department reported March 1. The extra income helped support a better-than-expected 0.5% increase in consumer spending, the major force driving the U.S. economy.

The RICH Club Quick Start

This Saturday was pretty eventful at The Realty Investment Club of Houston's (RICH Club) Quickstart Program.  For an investor, new or seasoned, looking for great education this is the place to be.  Sean Arnold has done a great job of putting a dream team of instructors together.

TLC Property Ladder - Now Casting

Attention Novice Real Estate Flippers/Rehabbers: TLC's #1 hit show "Property Ladder" is coming back to Houston, TX!