Given the current buyers market, some investors may find property more attractive, never mind rewarding, than stocks; and for those convinced that the federal government’s borrowing-spending binge will bring a nasty bout of inflation down the road, real estate is the hedge for you.
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The national average for the benchmark 30-year fixed-rate mortgage moved up to 5.03% from 5.0% a week earlier, the mortgage agency said. The 15-year fixed-rate loan, a popular refinancing choice, also was higher at 4.46% versus 4.43% a week ago.
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Sales of newly built U.S. single-family homes unexpectedly tumbled 3.6 percent in September in their first drop since March, but the inventory of new homes available at the end of the month shrank to the smallest in 27 years, government data showed on Wednesday.
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It comes as no surprise that metro areas like Las Vegas, Nev. and Fort Myers, Fla. had the highest foreclosure rates in the country—they’ve been high for some time.
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The MBA’s seasonally adjusted composite applications index fell 12.3% for the week ended Oct. 23. On an unadjusted basis, it dropped 2.8% from the previous week, which included the Columbus Day holiday.
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There’s almost no chance the Senate will vote Wednesday on extending the popular homebuyer’s tax credit, which is set to expire at the end of next month, a key Capitol Hill source told CNBC.com.
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U.S. home prices rose for the fourth straight month in August and shoppers spent more last week, providing evidence consumer demand could be stabilizing.
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Top Democrats in the Senate have reached an agreement to extend the soon-to-expire $8,000 tax credit for first-time homebuyers, Senate Banking Committee Chairman Christopher Dodd said Tuesday. ”We have that. Done,” Dodd told reporters.
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The U.S. Senate should act later this week to extend a $8,000 tax credit for first-time home buyers that is scheduled to expire soon, Democratic Sen. Bill Nelson said on Monday.
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WASHINGTON (MarketWatch) — Question: I am having so many problems with my listing agent that I want to cancel my listing agreement with him. He says he won’t cancel. One issue that I am trying to research is this: Is there a time-frame in which he must present to me an offer that he has [...]
WASHINGTON (MarketWatch) – Expecting millions of foreclosures, the Obama administration is developing an alternative program to help troubled homeowners avoid losing their home, beyond a mortgage modification program the White House launched in March, according to a key Treasury official on Thursday.
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WASHINGTON (MarketWatch) — After rising for three months, U.S. home prices fell a seasonally adjusted 0.3% in August compared with July, the Federal Housing Finance Agency reported Thursday.
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Thousands of individuals claiming the first-time homebuyer’s $8,000 tax credit may have been attempting to scam the system, including purported four-year-olds and illegal immigrants, according to a watchdog report released on Thursday.
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Since most of you who don’t live and breathe the gastro-intestinal system that is Congressional legislation, I wanted to flag a major move on the always controversial Home Valuation Code of Conduct.
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Mortgage applications drop in the latest week as a big falloff in refinancing activity and a slackening of demand for home-purchase loans weighs on the Mortgage Bankers Association index.
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The number of foreclosed homes staggers the imagination and with more adjustable-rate loans about to reset, the end is nowhere in sight. The crisis, however, provides the opportunity to purchase a house that was all but impossible for many to afford in the boom years.
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I have to say I was a bit surprised at the crafting of HUD Secretary Shaun Donovan’s statement before the Senate Banking Committee today, specifically with regards to the first time home buyer tax credit. Donovan followed testimony from Sen. Johnny Isakson (R-GA), who is pushing for not only and extension of the credit through [...]
There is something about coming to this sun-baked corner of California that feels like inspecting the scene of a crime.
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Applications for home building permits, a key gauge of future construction, fell in September by the largest amount in five months—a discouraging sign for the housing industry. A rebound in housing is needed to support a broader economic recovery.
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