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Source: National Association of Realtors (NAR) WASHINGTON, August 07, 2008 Some improvement is projected for existing-home sales in the months ahead, with broader gains seen by the fourth quarter as buyers take advantage of new provisions provided through the recently passed housing stimulus bill...
Source: Lawrence Yun, NAR Chief Economist Modest near-term movement is expected in existing-home sales, with a recovery in sales seen during the second half of the year. The Pending Home Sales Index, NAR's forward-looking indicator based on contracts signed in May, fell 4.7 percent to 84.7 from a...
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Home buyers may find big savings in locking in mortgage interest rates. NEW YORK (CNNMoney.com) -- Since mortgage interest rates are on the rise, home buyers can save considerable cash by locking in a reasonable rate when they find one. During the housing boom, interest rates were extremely low ...
First Time Homeowner Tax Credit: (Available for homes purchased April 1, 2008 through June 30, 2009) The new law will extend a tax credit of up to $7,500 to first time homebuyers. The tax credit is for 10% of the purchase price, up to $7,500, but phases out for higher-income homeowners. This ...
Fannie Mae to Increase Cash IncentivesMonday, August 04, 2008 WASHINGTON, D.C. - As part of its ongoing efforts to support borrowers facing foreclosure and promote responsible servicing practices, Fannie Mae will increase the cash incentives paid to servicers that pursue alternatives to foreclosu...
G.R.E.E.N Bill Provides Incentives to LendersMonday, August 04, 2008 WASHINGTON, D.C. - The House Financial Services Committee has unanimously passed Rep. Ed Perlmutter's (D-CO) H.R. 6078, the Green Resources for Energy Efficient Neighborhoods. The bill provides incentives to lenders and finan...
Source: Forbes.com Real EstateBest Cities To Buy A HomeMaurna Desmond, 07.14.08, 6:00 PM ET Houston, we don't have a housing problem. The city's $152,500 median home sale price is up 6.6% from 2005. It boasts a low vacancy rate and an oil-rich economy. Throw in a bubbling entrepreneurial tech...