Category: Sales

Home Sales Slow as Mortgage Rates Drop

By Cheryl Reams Even as mortgage rates drop home sales slow, according to data from top real estate industry research. The sale of homes tracked through the Mortgage Bankers Association weekly report showed a 27.1% drop in mortgage purchase applications over the past four weeks. The decrease was just 4% from last week, but indicates… Continue reading Home Sales Slow as Mortgage Rates Drop

Home Sales Higher On Tax Credit Incentive

By Cheryl Reams Home buyers motivated by expiring federal tax credits drove existing home sales 7.6% higher in April to a seasonally adjusted rate of 5.77 million units, topping analysts’ projections, according to the National Association of Realtors. The increase in sales of single family homes, condos and townhouses pushed the associations heavily watched annual… Continue reading Home Sales Higher On Tax Credit Incentive

America’s Richest Home Market Rebounds

Once the home of wild Hippie partying, America’s richest home market is making a come back in luxury housing sales. Marin County, California just north of the scenic Golden Gate bridge is America’s richest housing market based on highest average net worth and it’s seeing a revival in luxury home sales. As Marin rebounds from… Continue reading America’s Richest Home Market Rebounds

Mortgages Rates Drop Lower

Mortgage rates dropped this week another seven-one-hundredths of a point to an average of 4.84% down from last week on a conventional 30-year home mortgage, according to Freddie Mac. The national average was just two-one-hundredths of a point above year ago near record low interest rates. Mortgage rates have hovered at or below the 5%… Continue reading Mortgages Rates Drop Lower

Selling and Saying Goodbye to a Home

Selling your home and saying goodbye can be a difficult experience, especially when it’s combined with upheaval, which is often the case these days. The formalities and procedures can be frustrating and intimidating. Like many sellers, you might also be wrestling with bittersweet memories and assorted “goodbyes.” In fact, your feelings can range from eagerness… Continue reading Selling and Saying Goodbye to a Home

White House Considers Free Money

By Mike Colpitts Weighing its political options, the Obama administration is carefully considering recommendations of Housing Finance Agencies in four states to reduce mortgage principal of homeowners at risk of foreclosure. The proposals made to the White House could act as a magic bullet to aid in the recovery of the nation’s housing markets, giving… Continue reading White House Considers Free Money

Majority Intend to Buy Real Estate Soon

Almost 2 out of 3 respondents to the latest Housing Predictor opinion poll say they plan on buying a home or other real estate in the next two years, apparently feeling that the bottom of the housing market is falling into place. The large majority of respondents feel more confident about real estate values rising… Continue reading Majority Intend to Buy Real Estate Soon

Short Sale Housing Plan in Jeopardy

A new program added to the arsenal of plans by the White House to help homeowners at risk of foreclosure may be in jeopardy even before it gets off the ground. The short sale plan, implemented this week lacks enforcement powers to require bankers to cooperate and sell homes at a loss. “There’s not enough… Continue reading Short Sale Housing Plan in Jeopardy

Home Sales Decline Slightly

Sales of existing homes fell slightly in February for the third month in a row, according to the National Association of Realtors. The drop was only 0.6 percent nationally to a seasonally adjusted rate of 5.02-million units. The decline in home sales demonstrates the slowdown in the housing market persists, despite government programs to re-ignite… Continue reading Home Sales Decline Slightly