Housing Starts Rebound in November Housing starts rose 8.9% in November to a 574,000 seasonally adjusted annual pace, the U.S. Commerce Department announced recently. A Bloomberg News economists’ survey had expected housing starts to total a slightly higher 575,000 annualized rate for the month. They totaled a revised 527,000 annual pace in October, and a […]

FHA Wants to Tighten Limits The Federal Housing Administration is about to beef up the borrowing requirements for home buyers, a move that could dampen the fragile housing market’s recovery. Home buyers are going to have to dig deeper in their wallets to purchase a home. Currently, borrowers are required to have a 3.5 percent […]

Existing Home Sales and Home Prices Up Existing home sales surged in October to the highest level in more than 2-1/2 years. The National Association of Realtors reported that existing home sales rose 10.1% last month to a seasonally adjusted annual rate of 6.1 million units, up from the downwardly revised rate of 5.54 million […]

Real Estate News – December 2009 Our December 2009 Newsletter is now online for you… https://gulfshoresrealestateandhomes.com/our-newsletters/2009/december-2009/

Home Prices Bottoming Out? The bleeding in the housing market seems to be slowing, at least temporarily, according to home price data released recently. Most U.S. cities saw gains in the median price of single-family homes sold during the three months ended Sept. 30, according to the National Association of Realtors’ quarterly report on home […]

Homebuyer Tax Credit Extended The federal government’s first-time homebuyer tax credit was scheduled to expire Nov. 30. The credit, part of the Obama administration-backed economic stimulus package, rewards Americans for buying a home by cutting them a check for 10% of the purchase price up to $8,000. Analysts attribute close to 20% of home sales […]

New Home Sales Fall 3.6% Sales of new homes dropped unexpectedly last month as the effects of the soon-to-expire current tax credit for first-time buyers started to wane. The Commerce Department said sales fell 3.6% to a seasonally adjusted annual rate of 402,000 from a downwardly revised 417,000 in August. Economists surveyed had expected a […]

Real Estate News – November 2009 Our November 2009 Newsletter is now online for you… From the right Nav Menu, Find “PAGES AND NEWSLETTERS” and Select “November 2009 below “Our Monthly Newsletters”. https://gulfshoresrealestateandhomes.com/our-newsletters/2009/november-2009/

Another Housing Bailout on the Way Just as federal officials seek to wind down many bailout programs, the Obama administration has announced yet another initiative to prop up the housing market. Administration officials unveiled a plan to aid state and local housing finance agencies, which provide mortgages to first-time and lower-income homebuyers and enable the […]

1st Time Home Buyer Tax Credit-Obama Skeptical The Obama administration is still considering whether to back a popular tax credit for first-time homebuyers but is skeptical the United States can pay for it. The new homebuyer $8,000 tax credit, which will expire at the end of November, has boosted home sales in recent months, helping […]