Mortgage interest rates reached new record lows this week as consumer confidence declined, according data from Freddie Mac for the week ending today. The 30-year fixed-rate mortgage averaged a record-low 4.56 percent, down from 4.57 percent last week and 5.2 percent last year. (more…)
Archive for July, 2010
National Real Estate Update from RE/MAX
July 2010
Released by RE/MAX Corporate
The U.S. housing market continues to benefit from the tax credit: home prices and sales remain above year-ago levels. As the summer progresses, however, the positive impact of government stimulus will wind down. Experts point to improved stability as a sign the market can likely hold its ground without further support from the government. However, economists indicate that the key for the housing market through the end of 2010 will be job growth and a manageable level of distressed properties. (more…)
Real Estate Updates and Helpful Tips!
REAL ESTATE NEWS
Inman News -Inman News is the leading source of independent real estate news, information, advice, research, opinion and commentary for industry professionals and consumers alike.
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HELPFUL TIPS
First Time Home Buyers Tax Credit – The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. It also authorized a tax credit of up to $6,500 for qualified repeat home buyers.
MSN Real Estate – Homes located within walking distance of amenities such as schools, parks and shopping aren’t only more convenient for their owners, often they’re also worth more than homes in neighborhoods where driving is the rule, according to a new study. The report looked at 94,000 real-estate transactions in 15 markets. In 13 of those markets, higher levels of “walkability” were directly linked to higher home values. The report, “Walking the Walk: How Walkability Raises Housing Values in U.S. Cities,” was commissioned by CEO’s for cities a national network of urban leaders from the civic, business, academic and philanthropic sectors.
