Daily Real Estate News  |  May 27, 2010  |   Missing the tax credit deadline might have seemed like a big mistake to some home buyers, but waiting could have been the smartest thing to do. Interest rates have fallen so dramatically since April 30th that the typical purchaser of a $350,000 home, financed with a $280,000 mortgage, would […]

Realtor magazine just came out with this great article reagarding the conditions of today’s real estate market. Read on…. All the signs are there for continued improvement in the economy as well as housing markets, but it will be several years before real estate practitioners can expect to see markets returning to equilibrium, two of […]

NEW YORK, April 28 (Reuters) – Home buyer tax credits have been a boon to the U.S. housing market, but their expiration this week is unlikely to deter home purchasing activity as consumers grow more confident, according to a survey released on Wednesday. Among consumers shopping for homes, 65 percent said the end of the […]

I came across this great article regarding the first-time homebuyer tax credit and its affect on today’s housing market. Check it out… Lawrence Yun, NAR chief economist, “The surge in home sales was driven by buyers responding strongly to the tax credit combined with record low mortgage interest rates,” he said. “With inventory levels trending […]

The housing market seemed to catch its breath after struggling to recover from the most severe downturn since the Great Depression in the 2nd half of 2009. The first-time homebuyers tax credit and low mortgage rates lured buyers who’d been dithering and helped move the glut of foreclosures that has been dragging down home values. Sales […]

It’s been a long time coming, but thanks to the improving housing market the economy seems to be pulling out of the recession. Existing home-sales rose 7.2 percent from June to July to post a seasonally adjusted annual rate of 5.24 million units. This was the highest monthly increase in the last 10 years. Resales […]

Good News!

November 9, 2009 | 93 Comments

The FOMC held their meeting earlier this week and as expected left rates unchanged. The policy statement continued to state that rates will remain this way for an extended period of time. All of this was expected by the markets and wasn’t really anything new.   However the employment report released this morning was weaker […]