Tax Credit Changes Could Unleash Home Sales

Tax Credit Changes Could Unleash Home Sales: If all home buyers become eligible for a tax credit without a repayment feature, it could result in an additional 555,000 home sales, enough to meaningfully draw down excess housing inventory, the NATIONAL ASSOCIATION OF REALTORS® says. An evaluation of options for a home buyer tax credit by NAR shows wide ranging implications and benefits. [...]; Posted in Tax Credits |; Subscribe via RSS
30-Year Rates Fall Below 5 Percent: Mortgage rates dropped to their 11th straight weekly decline, reaching new record lows, according to Freddie Mac. Interest rates on 30-year, fixed rate mortgages averaged 4.96 percent this week, down from a previous week’s 5.01 percent. The low rates have caused a spike in home refinancing loans and a welcome relief to cash-strapped home owners facing [...]; Posted in Mortgage Rates |; Subscribe via RSS
America’s 25 Strongest Housing Markets: Moody’s Economy looked at metro areas with populations over 500,000 to find those closest to recovery. The firm prepared forecasts through 2011 and compared them to prices in the second quarter of 2008, which are the latest figures available, to calculate how far prices will likely fall before reaching bottom. All of our Bluegreen Texas markets [...]; Posted in Top Housing Markets |; Subscribe via RSS

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