Government cash didn’t help John Foley and Cindy Case sell their Minneapolis house before the federal home buyer’s tax credit expired at the end of April, so the couple decided to take matters into their own hands.
QUESTION: I bought a condo in Yardley, Pa., in 2008. I put 20 percent down on a purchase price of $245,000. My fiance and I would like to sell the condo and buy a single-family home with more yard space in the same area.
Forget the still-sputtering economy, tight credit and all the other reasons not to take that giant leap of real estate faith right now.
Sales of newly built houses in the U.S. rebounded overall in June from May’s record low but still continued to drop in the West.
Interest rates on fixed-rate home loans fell to fresh record lows this week as concerns about the economic recovery drove down Treasury bond yields.
The U.S. market for existing housing sales softened less than expected last month, with purchases of previously owned homes sliding 5.1 percent, a national trade group said Thursday.
Sales of previously owned homes in the U.S. fell 5.1 percent in June, a national trade group said Thursday.
Interest rates for fixed-rate home loans scraped to new record lows this week as concerns about the sluggish economic recovery drove down yields on the benchmark 10-year Treasury bond.
David Kosowski has a full-time job, a sky-high credit score, a solid debt-to-income ratio and enough cash stashed away to put a 20 percent down payment on the three-bedroom, two-bath home he’s had his eye on since spring.
QUESTION: I heard that housing prices have never dropped so much as they have recently, not since after World War II.
