Tuesday, August 24, 2010

6 real estate headlines: 8-24

A daily dose of headlines for real estate agents, mortgage lenders and consumers.

Dont fear a housing dip
Most agree heavy investment in the housing sector helped us into the mess were in, so for housing worriers to suggest an artificially enhanced property market is our cure is backward.
First-time buyers sink below pre-credit levels
Real Estate Economy Watch
: First-time homebuyers accounted for only 39.1 percent of the home purchase market last month, down from a peak of 48.2 percent as recently as March.
When is paying off your mortgage the right move?
CNBC: In most cases, a financial adviser will recommend not to pay off your mortgage ahead of time. But when it does make sense to break that rule, it could mean a new and better retirement.
Renting alternative will undermine housing for years
Business Insider: A survey found that 76% believe that renting is a better option than buying in the current real estate market, up from 71% in 2008.
Housings second leg down
Housing Wire: Right now, housing isnt particularly demand driven; its supply driven. Its a problem we have yet to address, and home prices eventually must reflect that.
In preparation for July home sales, a.k.a. Armageddon
: Renewed concerns about a double-dip recession and lackluster job growth have pushed confidence in the housing market lower.


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