Home » Archives
Nine Consecutive Gains for Pending Home Sales
Written on 2 Dec, 2009 at 9:46 in Blog | viewed 69 views times and users have made 0 comments so far
Pending home sales have risen for nine months in a row, a first for the series of the index since its inception in 2001, according to the NATIONAL ASSOCIATION OF REALTORS®. The Pending Home Sales Index, a forward-looking indicator based... (Continue reading)
Home prices climb for 2nd straight quarter
Written on 24 Nov, 2009 at 8:48 in Blog | viewed 75 views times and users have made 0 comments so far
NEW YORK (CNNMoney.com) — Home prices rose for the second consecutive quarter but remained nearly 9% lower than a year earlier, according to a housing market report issued Tuesday. Prices nationwide rose 3.1% in the three months ended Sept. 30,... (Continue reading)
Home Sales Drive the Recovery
Written on 16 Nov, 2009 at 14:47 in Blog | viewed 67 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 118 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 66 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 71 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)
Home sales contracts rise for 8th straight month
Written on 2 Nov, 2009 at 8:59 in Blog | viewed 63 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 61 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 93 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)
Foreclosure Rate Rises 17 Percent
Written on 2 Oct, 2009 at 7:59 in Blog | viewed 79 views times and users have made 0 comments so far
The number of homes lost to foreclosures rose about 17 percent in the second quarter of this year despite the launch of an extensive government program aimed at helping borrowers save their home, according to government data released Wednesday. Completed... (Continue reading)