The 30-year fixed-rate mortgage averaged 4.42% for the week ended Thursday, down slightly from the prior week's 4.44% average and 5.12% a year ago. The average for 15-year fixed was 3.9%, down from 3.92% the previous week and 4.56% a year earlier. The 30- and 15-year fixed are at their lowest points since Freddie began tracking such rates, in 1971 and 1991, respectively.
During May, metro Albuquerque homes sold at the fastest pace in more than two years.
The average single family detached home sold during May was on the market for 66 days, the shortest average sales period since April 2008. For condominiums and townhouses, the average sales time was 84 days during May, 12 days faster than April.
May saw the sale of 731 detached homes, a 29% increase from May 2009. ...
We compared single family home sales by neighborhood for 2008 and 2009 for 39 individual areas. Two areas, Valencia County and the East Mountains, we combine results for 25 areas.
Average home prices increased in five metro neighborhoods during 2009. Those areas are Sandia Heights, Four Hills Village, Rio Rancho Mid-North, Rio Rancho Mid-West, and Rio Rancho North. Total sales grew in ...
Reprinted from www.realtor.org
The Basics: Extended Home Buyer Tax Credit 2009/2010
Bringing the Dream of Homeownership Within Reach
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:
Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers ...
$6500 home-buyer tax credit for current homeowners
Reprinted by permission from http://www.christianpf.com/.
by Bob on October 29, 2009
Apparently all the talk about the $8000 first-time homebuyer tax credit being extended and expanded is coming to pass. According to a USA Today article…
“Senators agreed to extend the existing tax credit for first-time home buyers while offering ...
FAQ on Federal Plans to Stimulate the Housing Market*
The following is a summary of how the real estate industry is being impacted by the current governmental actions to stabilize the economy.
Q. What happened?
A. On February 17, President Obama signed the American Recovery and Reinvestment Act (of 2009), totaling approximately $780 billion, which is intended to provide ...
Washington, December 22, 2009
Existing-home sales rose again in November as first-time buyers rushed to close sales before the original November 30 deadline for the recently extended and expanded tax credit, according to the National Association of Realtors®.
Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 7.4 percent to a seasonally adjusted ...
Release Date: December 16, 2009
For immediate release
Information received since the Federal Open Market Committee met in November suggests that economic activity has continued to pick up and that the deterioration in the labor market is abating. The housing sector has shown some signs of improvement over recent months. Household spending appears to be expanding at a moderate rate, though it remains ...
Sales activity rises more than expected in October, by 10.1%, to 6.1 million annual units
NEW YORK (CNNMoney.com) -- Existing home sales surged in October to the highest level in more than 2-1/2 years, according to a real estate industry report issued Monday.
The National Association of Realtors reported that existing home sales rose 10.1% last month to a seasonally adjusted annual rate of 6.1 ...
Bond market: Shaken and stirred
Long-term rates have shot up. The good news: It's a sign of an improving economy. The bad news: Your window to refinance may soon slam shut.
By Paul R. La Monica, CNNMoney.com editor at large Last Updated: May 11, 2009: 1:08 PM ET
NEW YORK (CNNMoney.com) -- Want further proof that risk is no longer a four-letter word? Just take a look at what's going on ...
