MIAMI – Nov. 11, 2009 – The Federal Housing Administration is giving the condo market something it hasn’t had for a while – a little breathing room.
Homebuilders hunt for land
LAS VEGAS – Nov. 10, 2009 – The housing bust left homebuilders with plenty of red ink on their books as they walked away from swaths of land they no longer needed.
Obama signs bill: Homebuyer tax credit extended
WASHINGTON – Nov. 6, 2009 – President Obama signed H.R. 3548 this morning, enacting into law an extension, and adjustment, of the $8,000 tax credit for first-time buyers. Among other things, the extension adds money for certain move-up buyers; creates one deadline for signing a contract and a later deadline for closing; changes income requirements; and limits a purchased home’s cost to $800,000.
Good sign: Business spending up
WASHINGTON – Nov. 6, 2009 – A turnaround in business spending is offering the first hint that the private sector may be prepared to drive economic growth when the government winds down its efforts to spur consumption.
Rates on 30-year loans fall below 5 percent
WASHINGTON – Nov. 6, 2009 – Rates for 30-year home loans dipped below 5 percent this week after rising for three straight weeks.
Treasury Secretary Confident in Recovery
U.S. Treasury Secretary Timothy Geithner reassured an audience of businesspeople last week that the troubled commercial real estate sector wouldn’t severely damage the rest of the economy.
NAR Commends Congressional Action to Extend Higher Mortgage Loan Limits
Washington, October 30, 2009 The National Association of Realtors® thanked Congress for speedy action in passing a congressional resolution yesterday that would extend the current higher Fannie Mae,
Senate panel OKs extension for home buyers’ credit
WASHINGTON – Oct. 29, 2009 – Senators reached a compromise to extend the $8,000 tax credit for first-time home buyers, a boost the housing industry expects will help it pull out of its two-year-old downturn.
Outlook for jobs turns positive
WASHINGTON – Oct. 26, 2009 – An economic survey out today provides fresh evidence that a fitful recovery is underway as customer demand grows in the third quarter for the first time in more than a year and the jobs outlook brightens a bit.
Subscribe to:
Posts (Atom)