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.
Rates on 30-year loans inch up to 5 percent
WASHINGTON – Oct. 23, 2009 – Rates for 30-year home loans have inched up, hitting 5 percent for the first time in nearly a month after bond yields edged up.
NAR: Big rebound in existing-home sales shows first-time buyer momentum
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®.
Florida’s existing home, condo sales up in September 2009
ORLANDO, Fla. – Oct. 23, 2009 – Florida’s existing home sales rose in September, which marks more than a year (13 months) that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors®. September’s statewide sales also increased over sales activity in August in both the existing home and existing condominium markets.
Tech takes home offices to extremes
WASHINGTON – Oct. 15, 2009 – Katy Leakey rises early in the morning, has breakfast with her husband, Philip, and heads to the 12-foot-by-12-foot office where she spends much of her workday.
Foreclosures, unemployment to peak in 2010
SAN DIEGO (AP) – Oct. 15, 2009 – Foreclosures will peak by the end of next year and unemployment will climb above 10 percent as the housing market and U.S. economy grapple with the aftermath of the recession, the Mortgage Bankers Association’s chief economist said Tuesday.
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