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10 Things to Know About Real Estate in 2010
Matt
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PrintIs 2010 the year to buy a house? It certainly looks that way: After a steep run-up in prices during the first half of the decade, home values have plummeted back to 2003 levels. Fixed mortgage rates are sitting near record lows. And the foreclosure epidemic--while painful for many home owners--has created some wonderful opportunities for bargain hunters. If that's not enough, Uncle Sam is handing out thousands of dollars in tax credits to nearly all first-time buyers and the bulk of existing home owners who close a purchase by June.
Homebuyers sign 16% fewer contracts in November
NEW YORK (CNNMoney.com) -- Homebuyers abandoned the market in droves during November: They signed 16% fewer sales contracts than the month before.
3 reasons home prices are heading lower
NEW YORK (CNNMoney.com) -- After four months of gains, home prices flattened in October. Worse yet, industry insiders think that they'll soon start to fall.
"If You Don't Buy a House Now, You're Stupid or Broke"
Well, you may not be stupid or broke. Maybe you already have a house and you don't want to move. Or maybe you're a Trappist monk and have forsworn all earthly possessions. Or whatever. But if you want to buy a house, now is the time, and if you don't act soon, you will regret it. Here's why: historically low interest rates.
Obama signs homebuyer, jobless bill assistance
WASHINGTON – President Barack Obama signed a $24 billion economic stimulus bill into law Friday, giving tax incentives to prospective homebuyers and additional jobless benefits to those idled by the business slump.
Senate Approves Homebuyer Tax Credit Extension
The Senate voted today to pass an extension of the first-time homebuyer tax credit until April 2010.
Home sales contracts rise for 8th straight month
NEW YORK (CNNMoney.com) -- The number of signed sales contracts to buy homes rose in September for the eighth straight month, according to a real estate industry report released Monday.
Homebuyer Tax Credit May Be Approved Early Next Week, Reid Says
Oct. 30 (Bloomberg) -- Congress could approve extensions of an $8,000 first-time homebuyers’ tax credit and unemployment benefits as soon as Nov. 3, Senate Majority Leader Harry Reid said.
Real Estate: Your local forecast
Real Estate Forecast: Nassau-Suffolk, Long Island, New York
Homes: About to get much cheaper
NEW YORK (CNNMoney.com) -- If you thought home prices were bottoming out, you may be wrong. They're expected to head a lot lower.