Friday, March 25, 2011

6 real estate headlines: 25-Mar

A daily dose of headlines for real estate agents, mortgage lenders, homebuyers and home sellers.

Inventory down, houses fly off market
Arlington Real Estate News
: Around most of Northern Virginia and especially in Arlington � about 1/3 of the properties that hit the market are sold in the first week, many times with multiple offers.
Mortgage principal deduction in play
: This week state attorneys general from Virginia, Texas, Florida and South Carolina sent a letter to their colleague in Iowa, Attorney General Tom Miller.
Q&A: Foreclosures, property taxes, deductions
Wall Street Journal
: Developments invited Kim Rueben, an economist who directs the state and local program of the Urban-Brookings Tax Policy Center, to answer questions about taxes and real estate.
Rate on 30-year fixed rises
Washington Post
: Freddie Mac says the average rate on the 30-year fixed mortgage rose to 4.81 percent from 4.76 percent the previous week. It hit a 40-year low of 4.17 percent in November.
Why the homebuyer credit didn't work
Smart Money
: Sales in most residential markets remain anemic and prices are still falling. The real estate gurus at Case-Shiller expect more bad news: prices could fall another 15%-25%.
New rules could keep gov't out of housing
Housing Wire
: The American Enterprise Institute for Public Policy Research is advocating for a more robust housing market supports proposals to privatize the entire mortgage market.

No comments:

Post a Comment

Now Playing: Closing Costs Explained Visually