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March 8, 2010

Tax Credit Has Realtors’® Phones Ringing as Deadline Looms

Housing Market

Mar. 8—TAMPA—Kim and Al Langevin were ecstatic Friday to close on a new home in St. Petersburg. And they’re pretty excited, too, about thousands in government money they plan to use to spruce up the house. The Langevins are among a growing number of buyers rushing to find a home in time to cash in on the federal government’s tax-credit program.

March 5, 2010

Mortgage Rates Fall Below 5%

Housing Market

McLEAN, Va.—Mortgages rates have dipped below 5 percent again, four weeks before a government program that is helping keep rates low is scheduled to run out.

March 4, 2010

Pending Home Sales Down; Severe Weather Impacting Market

Housing Market

WASHINGTON (March 4, 2010)—Pending home sales are down and additional declines are expected due to abnormal weather conditions, according to the National Association of Realtors®.

March 3, 2010

Hovnanian CEO: Glut of Unsold Homes Easing

Housing Market

LOS ANGELES—The CEO of Hovnanian Enterprises Inc. said new construction and the inventory of homes for sale have fallen well below normal levels in many cities. “While we prefer no more supply coming through foreclosures, a little more supply would not completely devastate the markets, from our perspective,” Ara Hovnanian said Wednesday.

February 28, 2010

Home-Improvement Stores Reaching Out to Customers Hungry for Knowledge, Bargains

Housing Market

Feb. 28—Home improvement retailers say they have been seeing a growing interest in do-it-yourself projects since the recession began.

February 28, 2010

Homeowners Find Appealing Tax Bill is Easy

Housing Market

Feb. 28—With some help from a real estate professional, Detroit homeowners successfully appeal their property tax assessment.

February 28, 2010

How Low is Low Enough to Refinance?

Housing Market

Feb. 28—Homeowners trying to decide when to refinance used to just look at the difference between their interest rate and the rate at which they could refinance. It’s not quite that easy anymore.

February 26, 2010

Home Sales Up 11.5% From This Time Last Year

Housing Market

Existing-home sales were up 11.5% in January compared to year-ago figures, as first-time buyers got nudged out of the market by investors paying cash for homes.

February 26, 2010

30-Year Mortgage Rates Top 5%

Housing Market

Average interest rates for 30-year fixed-rate mortgages topped 5% in the week ending Feb. 25, the Federal Home Loan Mortgage Corp. said Thursday.

February 23, 2010

Mortgage Companies May Sue Walk-Away Borrowers

Housing Market

ATLANTA, Feb. 22—Homeowners who are considering “walking away” from their home to avoid making their mortgage payment need to know that their mortgage company may try to file a lawsuit to recover the amount owed on the home.