Tag Archives: association of realtors

Mortgage Interest Rates Steady

Mortgage interest rates remain near record lows. Borrowing costs have never been cheaper. Homes have never been cheaper. Why? Because there’s so little demand to buy a new home and to take on a mortgage. With so many people out … Continue reading

Posted in mortgage, Rates | Tagged , , , , , | Comments Off on Mortgage Interest Rates Steady

What Are Good And Bad Reasons For Buying A Home Now?

Good reasons include declining home prices over the past four years and near-record-low mortgage interest rates. Bad reasons include that home prices are likely to decline further in the next year. So why not just wait to get a better … Continue reading

Posted in mortgage | Tagged , , , , , | Comments Off on What Are Good And Bad Reasons For Buying A Home Now?

Tightened Credit Crimps Mortgages

As the federal government reduces its role in the mortgage industry, mortgages are going to become even more expensive and difficult to get. This pullback by Fannie and Freddie in the size of mortgage loans they will buy will make … Continue reading

Posted in mortgage | Tagged , , , , , | Comments Off on Tightened Credit Crimps Mortgages

Falling Home Sales, Prices

Are you still expecting a recovery in home sales in 2011? You’re a sucker! Pending home sales fell far more than expected in April. Home prices will inevitably follow along with more home defaults and foreclosures and the vicious cycle … Continue reading

Posted in mortgage | Tagged , , , , , | Comments Off on Falling Home Sales, Prices

Mortgage Rates Hit 2011 Low

Anemic economic growth, high gas prices, out of control commodity prices, a strengthening US dollar, all are helping keep mortgage rates near all-time lows. CSM reports: Low rates haven’t been enough to jumpstart the weak housing market. Fewer people bought … Continue reading

Posted in mortgage, Rates | Tagged , , , , , | Comments Off on Mortgage Rates Hit 2011 Low

Home Sales Decline

Why would you buy a home now? If you want a few months, you have every reason to expect that home prices will decline. So why would you buy a declining asset unless you have to? You have the money, … Continue reading

Posted in mortgage | Tagged , , , , | Comments Off on Home Sales Decline

Home Sales Slide

They were down 16% in November. So much for Summer’s tepid recovery. No matter how many trillions of dollars of subsidies and low interest rates that the federal government throws at the declining housing market, it keeps going down. Perhaps … Continue reading

Posted in mortgage, Rates | Tagged , , , , , | Comments Off on Home Sales Slide

Realtors Expect Home Prices To Rise 4% In 2010

This sounds like a triumph of hope over experience. I remember the chapter in the book Freakonomics about how realtors take much longer to sell their own homes, waiting for the best offers, than they do to sell your home. … Continue reading

Posted in Real Estate | Tagged , , , , , | Comments Off on Realtors Expect Home Prices To Rise 4% In 2010

Why Are We Throwing Good Money After Bad?

We now know that the cash-for-clunkers program cost the U.S. taxpayer about $24,000 for every new car bought. Does that sound like a good deal to you? I’m not sure how much the new home purchase tax credit is costing … Continue reading

Posted in mortgage, Politics | Tagged , , , , , | Comments Off on Why Are We Throwing Good Money After Bad?

The Dear Seller Letter

Ron Lieber writes: The letters dripped with compliments for the property and ended with a plea for mercy (and a signed contract). Then, I crafted a reply that confident sellers could fire back. No seller would be happy to get … Continue reading

Posted in Prices, Real Estate Agents | Tagged , , , , , | Comments Off on The Dear Seller Letter