Who Is Buying A Home?

"Last year, 21 percent of all U.S. homes were purchased by unmarried women, up from 10 percent in 1985, according to the National Association of Realtors."

Interesting article on the fact that single women make up an increasing percentage of all home buyers. I have seen this in my business and have had great fun helping single women buy their first home, divorced women buying by themselves for the first time. While the experience may seem frightening at first, my clients have told me that after they have made the decision to buy and moved forward, the whole process can be empowering.

Read the whole article here.

Golf and Economic Updates

KLM is sponsoring a Charity Golf Outing for Children’s Hospital on June 8, 2006 at the Silver Spring Country Club. Join us for golf, lunch & dinner. Be one of our Captains or a Sponsor. The KIDS and KLM will thank you. Bob Reitman is attending!

Last week the Fed raised the Fed Funds Rate by another .25% as expected. Fed Chief Ben Bernanke did indicate there were still some inflationary concerns. The financial markets despise uncertainty and this caused home loan rates to increase by .125%.

This Friday’s Jobs Report will likely determine the course of directions for Bonds and Home Loan Rates. Good economic news tends to be good for stocks, but inflationary pressures threaten to continue to pull money away from Bonds, causing pricing to worsen and home loan rates to rise.