Weekly Real Estate and Mortgage News

Posted February 20th, 2011 by Robert May

Here is your Weekly Bottom Line!

Highlights

United States

• President Obama released his new budget proposals on Monday. The plan calls to cut $1.1 trillion from the deficit over ten years. The budget does not, however, address rising entitlement costs.

• Inflation moved higher in January. Energy prices lifted headline inflation to 1.6%, while the core rate rose to 1.0%. Concerns over disinflation have now faded, but high unemployment and low wage pressures will keep a lid on core price growth in 2011.

• Despite a rise in the stock of foreclosures, mortgage delinquency rates fell in Q4 2010. Rising sales combined with improved mortgage quality should bring the supply of foreclosures down a lot in 2011.

Canada

• Improved risk sentiment favoured Canadian stocks this week, as C$-denominated assets continued to attract foreign investors.

• As of mid-Friday, the S&P/TSX composite index stood just 6% shy of its pre-recession peak of 15,000. Even when converted in U.S. dollar terms, its year-over-year gain is the third strongest among the world’s largest indices, after Stockholm and Germany.

• Firm commodity prices and a brighter U.S. economic outlook point to increased optimism over Canada’s near-term economic growth prospects. Nonetheless, soft inflation, a high C$, and an expected moderation in Canadian economic growth beyond the next six months are expected to keep the Bank of Canada on hold until July of this year.

Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.

Alberta Marketing - alberta marketing experts
Lethbridge Basement Suites - Advice for every landlord
Lethbridge Condos - Condo living is great for student but also for seniors!
Buying real estate in Lethbridge - Single women are huge in Lethbridge
Buyer Protection Plan - Lethbridge's First Home Buyer Protection Plan
Get Your Credit Score UP - Invaluable insight into your credit score for Lethbridge residents
Lethbridge Manufactured Homes - Some great deals on manufactured homes in Lethbridge
Lethbridge Rental Property - Thinking about buying or selling rental property?

lethbridge realtor

Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge

Let me share my 16+ years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.