NEW YORK (CNNMoney) — Mortgage rates sunk to record lows again this week.
The average rate on the 30-year fixed mortgage fell to 3.94%, matching the all-time low hit in early October, according to Freddie Mac’s weekly mortgage rate survey. Meanwhile, 15-year fixed-rate loans hit a new record low of 3.21%, surpassing the record set on October 6.
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Advice To Homeowners That Want To Sell In The Current Market
A common question for homeowners that want to sell is whether they should sell in a down market or wait until the market improves? This article provides some insight into this question.
Timing the Market: To Sell or Not to Sell in a Down Market
Timing the Market: To Sell or Not to Sell in a Down Market. June 7th, 2010 · No Comments. Every book I have read on trying to time the stock market says don’t. Most financial advisors recommend getting in and staying in with the proper …
Publish Date: 06/07/2010 6:56
http://www.shawnburyska.com/real-estate-blog/2010-06-07/timing-the-market-to-sell-or-not-to-sell-in-a-down-market-2/
Pending Home Sales Surge!
Pending home sales have gone up for three consecutive months. This reflects the broad impact of the home buyer tax credit and the affordability of houses, according to the NATIONAL ASSOCIATION OF REALTORS®.
Due to the sizable number of home buyers who responded to tax credit incentives, but may not be able close on their home purchase by the settlement deadline of June 30, NAR has asked Congress to provide flexibility on the deadline for closing.
Los Angeles Real Estate Update: Surge in Pending Home Sales Continues
Surge in Pending Home Sales Continues. Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the NATIONAL …
Publish Date: 06/03/2010 15:56
http://larealestateupdate.blogspot.com/2010/06/surge-in-pending-home-sales-continues.html
Find The Bargain Of A Lifetime In Today’s Foreclosure Crisis
If you want to save money on your home purchase in the Palmdale/Lancaster area, it’s a good idea to keep an eye on the local foreclosure activity. Property values have dropped significantly over the past few years and appear to have leveled out. Compared to 2006-2007 prices, most properties are an absolute bargain. This article helps put in perspective the foreclosure opportunities that exist.
You Can Find The Bargain Of A Lifetime In Today's Foreclosure …
You don’t have to be a genius to see that foreclosures often represent some of the best deals in real estate. The banking business is all about making loans to property owners and collecting mortgage payments, not owning property.
Publish Date: 06/02/2010 9:15
http://blog.webmagazinetoday.com/you-can-find-the-bargain-of-a-lifetime-in-todays-foreclosure-crisis
Did The Home Buyer Tax Credit Do The Job?
The last round of the home-buyer tax credit may have had a bigger impact than analysts had previously anticipated. In this article, Thomas Lawler, an independent housing economist in Leesburg, Va, indicates that the latest home-buyer tax credit, and its expiration, may have goosed sales just as much as last year’s tax credit. Mr. Lawler noted that new home sales may have done better during this spring’s rush to beat the expiration of a tax credit. Demir Gjokaj, a senior homebuilding analyst at Majestic Research, says that there were signs of a last-minute surge in existing home listings as the tax credit expiry neared.
If the tax credit worked in changing buyer psychology, it may have also had the same effect on potential sellers. Time will tell. Hopefully, the home buyer tax credit helped in turning things around.
The Home-Buyer Tax Credit May Have Actually Worked – Developments …
Did the last round of the home-buyer tax credit have a bigger impact than analysts had previously anticipated?
Publish Date: 05/27/2010 10:19
http://blogs.wsj.com/developments/2010/05/27/the-home-buyer-tax-credit-may-have-actually-worked/
Mortgage Rates To A New Low Providing Home Buying Opportunity
Attention: Home Buyers! Mortgage rates have fallen again. This means that it’s easier to qualify for the loan and you can get more house for the money.
Mortgage rates sink to lowest this year | KVAL CBS 13 – News …
Mortgage rates have fallen to the lowest level of the year as investors poured money into the safe haven of US government securities.
Publish Date: 05/27/2010 15:53
http://www.kval.com/news/business/95029004.html
CA Real Estate Prices 5/27/2010
Here are recently published CA real estate prices for April, 2010. Notice that the High Desert, which includes areas such as Palmdale, Lancaster, and Victorville, have the lowest median home prices in California. Palmdale and Lancaster still offer some of the most affordable housing in the State!
CA Real Estate Fast Facts 5/27/2010 | Your Desert Blog
CA Real Estate Fast Facts 5/27/2010. Posted by Judy Horn. May 27. Calif. median home price: April 2010: $306230 (Source: C.A.R.) Calif. highest median home price by C.A.R. region April 2010: Santa Barbara So. …
Publish Date: 05/27/2010 1:42
http://yourdesertblog.com/?p=1364