From our friends at Realtor.com
The 25-MSA Composite is still 29% below its peak, but it has been rising quickly since hitting its lowest level of the year in late March, according to the July 2009 RPX Monthly Housing Market Report released by Radar Logic Incorporated. In fact, the increase in the Composite from the end of March to the end of July 2009 was larger than the average increase for that period over the last ten years. (more…)

Tags: Real Estate News

From our friends at Realtor.com
The U.S. Treasury is contemplating a new program that would provide as much as $15 billion to purchase tax-exempt mortgage bonds issued by states over the next three years.

The program would be beneficial for low-income home buyers who have long depended on state programs for low-interest mortgages. States have been unable to offer these mortgages in the last year because they haven’t been able to sell mortgage bonds. This program would solve that, according to the National Council of State Housing Agencies.

Details are expected to be announced on Sept. 30.

Source: Bloomberg, Dawn Kopecki (09/28/2009)

Links of Interest:

Loon Mountain Area Real Estate

Loon Mountain Property Links

Loon Mountain Web Cams

Tags: Real Estate News

From our friends at Realtor.com
The average rate on 30-year, fixed mortgages held at 5.04 percent for the week ended Sept. 24—down from 6.09 percent a year ago, according to Freddie Mac. (more…)

Tags: Real Estate News

From our friends at Realtor.com
U.S. home prices rose 0.3 percent in July compared to June, the Federal Housing Finance Agency said Tuesday.
The index is 4.2 percent below what it was in 2008 and 10.5 percent off its peak in April 2007. (more…)

Tags: Real Estate News

COLDWELL BANKER REAL ESTATE RELEASES ANNUAL HOME PRICE COMPARISON INDEX FOR united states and SELECT international MARKETS

$2 Million Difference Between Four-Bedroom Homes In Most Expensive Market of La Jolla, Calif., and Most Affordable Market, Grayling, Mich.

Singapore Tops International List as Most Expensive Foreign Market; Salinas, Ecuador Most Affordable

PARSIPPANY, N.J. (Sept. 23, 2009) – The 2009 Coldwell Banker® Home Price Comparison Index (HPCI) released today found a price gap of more than $2 million between the most expensive and most affordable U.S. housing markets. (more…)

Tags: Real Estate News

From our friends at Realtor.com

Gain an efficient, attractive work space in your own home by following these recommendations.
By Barbara Ballinger | October 2009

With companies scaling back on square footage and downsizing staff, more people are working from home on a full- or part-time basis. If you have a spare bedroom, big basement, or finished attic, you have a perfect place to establish a home office. Even if you don’t have a separate room to spare, you can still dedicate a corner of a kitchen or family room to efficient, productive quarters. (more…)

Tags: Real Estate News

From our friends at Realtor.com

Housing starts rose 1.5 percent in August to an annualized rate of 598,000, led by a 25 percent increase in apartment construction, the U.S. Commerce Department announced Thursday.

Single-family starts fell 3 percent to a 479,000 annual rate, the first decline since January. Single-family starts rose 24 percent in the Northeast, 0.9 percent in the Midwest, and fell 2.4 percent in the South. The West was unchanged. (more…)

Tags: Real Estate News

From our friends at Realtor.com

Federal Reserve Chair Ben Bernanke declared the worst of the recession over, but warned that some of the economic pain will persist.

He said the unemployment rate, now at 9.7 percent, a 26-year high, is likely to keep rising. (more…)

Tags: Real Estate News

From our friends at Realtor.com

Real estate professionals and home builders are pushing for an extension and an increase in tax incentives to encourage homebuying. Otherwise, they argue, that it is very likely that the current housing uptick will end on Dec. 1, when the tax credit does.

“The giddiness we see out there [about a recovery] is without merit,” says Richard A. Smith, CEO of Realogy, which is the parent company of Century 21, ERA, Coldwell Banker, and Sotheby’s International Realty. (more…)

Tags: Real Estate News

From our friends at Realtor.com

Homebuyers contemplating purchasing a condominium should review a long list of documents and other information to make sure that the property they are considering is a solid buy in this challenging market.

The following information is a the top of the must-consider list: (more…)

Tags: Real Estate News