Housing Market is a buyer’s market nowNow, if you are a home seller then you need to be weary of the situation. The housing market has become a buyer’s market. The prices are rock-bottom now. Above on that you may have to do lot of repairing chore before you can actually sell your house.
Buyers are […]
Sales by homeowners increased more than expected in July, as median prices fell 7% from July 2007. But supplies still rise to a record high, pushing prices even lower.
During July, homeowners sold more homes than expected. The price fell 7% in July. The price was affected by the increasing supplies and was pushed lower. Inventory […]
New “covered bond” concept to help U.S. mortgage marketTreasury Secretary Henry Paulson unveiled guidelines for “covered bond” which are issued by the banks. These bonds are issued to finance home mortgages. Four big U.S. lenders - Citi (C, Fortune 500), Bank of America (BAC, Fortune 500), JPMorgan Chase (JPM, Fortune 500) and Wells Fargo (WFC, […]
The West has seen a sharp drop in home prices.
In the first quarter the U.S. real state market has seen a 7.7% decline in home prices. This is the largest year to year decline since 1982.
The median selling price is $196,300 now. This is a decline of 4.8% in comparison to 2007.
Due to the liquidity […]
The interest rate of 30-year mortgages averaged 6.63% this week. In the last week the rate was 6.26%. The rates are increasing continuously for he last three weeks now. The interest rate will be hiked by Federal Reserve as the present condition shows a mixture of weak housing market, and rising inflation. The interest rate […]
