Category Archive: Economy

Feb
01
2012

Obama Proposes New Mortgage Refinance Plan

Mortgage-Refinance-Loan-Application

On February 1, 2012, President Obama announced his latest plan to help millions of homeowners refinance their homes to today’s record low rates. But will the plan ultimately be successful? The first refinance program that was introduced in 2009, called Home Affordable Refinance Program (HARP), was supposed to help millions of people, but less than …

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Permanent link to this article: http://www.deanhayes.com/2012/02/01/obama-proposes-new-mortgage-refinance-plan/

Jan
19
2012

NAHB Housing Index Reaches 4 1/2 Year High

NAHB Housing Index for January 2012 Highest since April 2006

The National Association of Home Builders (NAHB) Housing Market Index (HMI) rises in January to a reading of 25. This is up 4 points from the previous December reading of 21 and marks the 4th consecutive month of increases. The last time the HMI had a reading of 25 or more was in June of …

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Permanent link to this article: http://www.deanhayes.com/2012/01/19/nahb-housing-index-20120119/

Sep
19
2011

Unemployment by State

Unemployment for each state as of August 2011

The chart below shows unemployment by state as of August 2011. You’ll notice the states with the highest unemployment are the same as those with the highest foreclosure rates, including California, Nevada, Florida and Michigan. Washington State has been holding steady at about 9.3% for the past year, and even my own Skagit County has …

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Permanent link to this article: http://www.deanhayes.com/2011/09/19/unemployment-by-state/