Content Tagged As home_sales
Tagged News
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Resurgence of the adjustable rate mortgage (ARM)
July 22, 2011 12:55 AM
Adjustable-rate mortgages, also known as "ARMs," seem to be making a comeback, and if you can recall, it was only a few years ago many blamed ARMs for the housing crisis. Now, ARM rates are extremely enticing, but should you really commit to a fluctuating mortgage rate? As... more » -
2010 weakest year for home sales since 1997
January 20, 2011 9:09 AM
WASHINGTON (AP) The number of people who bought previously owned homes last year fell to the lowest level in 13 years. But home sales in December jumped to fastest pace in seven months. The National Association of Realtors says sales dropped 4.8 percent to 4.91 million units in 2010.... more » -
Senate approves home tax credit extension
June 16, 2010 3:37 PM
The Senate has approved a plan to give homebuyers an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring. The move by Senate Majority Leader Harry Reid would give buyers until Sept. 30 to complete their purchases and qualify for tax credits... more » -
Home sales surge 6.8 percent in March
April 22, 2010 10:18 AM
Home sales rose more than expected in March, reversing three months of declines, as government incentives drew in buyers and kicked off what's expected to be a strong spring selling season. The National Association of Realtors says sales of previously occupied homes rose 6.8 percent to a seasonally adjusted... more » -
Existing home sales likely fell in December
January 25, 2010 9:39 AM
December sales of previously occupied homes are expected to be down sharply from the month before when numbers come out today. Prospective buyers were given a five-month extension of a tax credit that initially was to expire Nov. 30. Lawmakers also added a new credit of up to $6,5000 for... more » -
Housing market showing signs of improvement locally
January 9, 2010 8:00 PM
We've heard bad news about the real estate market nationally for a long time. Locally, there's a bright spot. Home sales on the Pikes Peak Multiple Listing Service were up 5 percent last year, and experts expect the same in 2010. Some are saying home sales are back... more » -
Pending home sales dive 16 percent
January 5, 2010 1:00 PM
The number of buyers who agreed to purchase previously occupied homes fell sharply in November, a sign sales will fall this winter, undermining last summer's recovery. The report Tuesday indicates consumers are taking their time following the extension of a tax credit deadline. The incentive of up to $8,000... more » -
Home sales likely rose again in October
November 23, 2009 9:18 AM
Economists are expecting home resales for October will hit their highest level in more than two years as first time buyers scrambled to take advantage of what they believed was an expiring tax credit. Economists polled by Thomson Reuters say sales will show a 1.4 percent increase to a... more » -
Foreclosures dip 3% in October from September
November 12, 2009 8:48 AM
A new report shows the number of homeowners on the brink of losing their homes fell last month. The RealtyTrac numbers show the third straight monthly decline. The drop comes as foreclosure prevention programs have been coming to the rescue of more borrowers. Even so, foreclosure filings are up 19... more » -
Home resales in the west post 5 percent annual gain
October 24, 2009 9:02 AM
Two new reports say home sales surged in the Western United States last month as many first-time homebuyers rushed to complete their deals before an $8,000 tax credit expires Nov. 30. The National Association of Realtors said Friday sales in the 13-state region rose 5 percent from September a year... more »
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