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Home Sales Drive the Recovery
Written on 16 Nov, 2009 at 14:47 in Blog | viewed 136 views times and users have made 0 comments so far
It’s been a long time coming, but thanks largely to strengthening housing markets, the country is 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... (Continue reading)
Fannie Mae Announces Deed for Lease Program
Written on 11 Nov, 2009 at 18:36 in News | viewed 581 views times and users have made 0 comments so far
WASHINGTON, DC — Fannie Mae (FNM/NYSE) is implementing the Deed for Lease™ Program under which qualifying homeowners facing foreclosure will be able to remain in their homes by signing a lease in connection with the voluntary transfer of the property... (Continue reading)
$8,000 homebuyers tax credit extended
Written on 6 Nov, 2009 at 14:45 in Blog | viewed 140 views times and users have made 0 comments so far
President Obama reups popular tax credit through June 2010 and expands it to include people with higher incomes and some who want to trade up into new homes. NEW YORK (CNNMoney.com) — President Obama signed an extension and expansion of... (Continue reading)
Both Houses OK Tax Credit Extension, Expansion
Written on 5 Nov, 2009 at 21:46 in Blog | viewed 135 views times and users have made 0 comments so far
The House today and the Senate yesterday passed legislation to extend the $8,000 home buyer tax credit to May 1, 2010, for first-time buyers and add a $6,500 tax credit for repeat buyers if they’ve lived in their home for... (Continue reading)
Senate May Approve Tax Credit Wednesday
Written on 4 Nov, 2009 at 12:52 in Blog | viewed 170 views times and users have made 0 comments so far
The U.S. House and Senate are close to an agreement to extend the home buyer tax credit due to expire at the end of this month. The Senate is expected to vote Wednesday while the House could approve it later... (Continue reading)
Home sales contracts rise for 8th straight month
Written on 2 Nov, 2009 at 8:59 in Blog | viewed 125 views times and users have made 0 comments so far
Real estate rally attributed to first-time homebuyer tax credit that expires at the end of November. NEW YORK (CNNMoney.com) — The number of signed sales contracts to buy homes rose in September for the eighth straight month, according to a... (Continue reading)
Big Rebound in Existing-Home Sales
Written on 26 Oct, 2009 at 20:11 in Blog | viewed 642 views times and users have made 0 comments so far
Existing-home sales bounced back strongly in September with first-time buyers driving much of the activity, marking five gains in the past six months, according to the National Association of REALTORS®. Existing-home sales—including single-family, townhomes, condominiums, and co-ops—jumped 9.4 percent to... (Continue reading)
More Foreclosures to COME!
Written on 22 Oct, 2009 at 18:42 in Blog | viewed 699 views times and users have made 0 comments so far
Housing inventory is likely to continue increasing in 28 key metro areas, according to the Wall Street Journals’ quarterly survey of housing data. Areas where the number of foreclosed homes is likely to contribute the most to the inventory of... (Continue reading)
Home prices across area ending decline, data show
Written on 19 Oct, 2009 at 20:38 in News | viewed 290 views times and users have made 0 comments so far
San Diego County’s three-year slide in home prices is ending, neighborhood by neighborhood, according to a quarterly breakdown from MDA DataQuick. Eight out of 56 neighborhoods saw higher prices than a year ago, compared with only one or none in... (Continue reading)
SoCal home sales up, prices hold steady
Written on 14 Oct, 2009 at 7:29 in News | viewed 324 views times and users have made 0 comments so far
Southern California home sales rose unexpectedly last month as price declines moderated, MDA DataQuick reported Tuesday. There were 21,539 sales in the six-county region, including San Diego, up slightly from August’s 21,502, as low rates, federal tax credits and delayed... (Continue reading)