Guest Post from Tony Collins

For the week of January 30, 2012 – Vol. 10, Issue 5


"INFO THAT HITS US WHERE WE LIVE...Getting ready for a recovery could be the theme of last week's housing reports. Pending Home Sales, after hitting a 19-month high in November, dipped a bit for December, yet came in 5.6% above where they were a year ago. The National Association of Realtors chief economist observed, "Even with a modest decline, the preceding two months of contract activity are the highest in the past four years outside of the homebuyer tax credit period."

Thursday saw December New Home Sales drop 2.2%, to a lower-than-expected 307,000 annual rate. Yet sales remain in the narrow range they've occupied since May 2010. And the best news was that new home inventories dropped to 157,000, the lowest level on record, since 1963. Unsold new homes under construction and unsold completed new homes are at or near record lows. Experts say this is what's needed to get ready for a sustained housing recovery. Finally, the FHFA price index for homes bought with conforming mortgages was UP 1% in November."
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When dealing with your home financing, I not only work with one of your largest personal financial investments; I also handle one of your biggest dreams. As your mortgage planning specialist, I will give you my best consistently. My team specializes in renovation financing both for the purchasing of a home or for renovating a home you already own. In fact, Renovation Loans are all we do. Renovation loans allow you to purchase or refinance and renovate the home in one seamless transaction.

With over 13 years experience working with only Renovation Loans you can trust myself and the rest of the St Louis Renovation Team to help guide you from application to project completion. 

Tony Collins
Renovation Specialist
Office: 314-288-2462
Office: 866-997-0358
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A word from Provident: The housing market is getting ready to rebound. If you are looking to invest in real estate, now would be the time to start. If being a landlord isn't for you, contact us. We are ready to manage your units professionally and competently.