From July 2009 to June 2010, first-time buyers accounted for 50 percent of all home sales, up from 47 percent in 2009. The 2010 National Association of Realtors Profile of Home Buyers and Sellers shows a record number of entry-level buyers, largely due to the success of the home buyer tax credit. The survey also ... MORE
Theresa Springer’s Blog
[youtube http://youtube.com/w/?v=t944wZO9qMU] Jim Gillespie, president and CEO of Coldwell Banker Real Estate, says without the homebuyer tax credit home prices would not have stabilized and there would’ve been far more foreclosures this year. MORE
According to The Mortgage Bankers Association’s Weekly Applications Survey, purchase demand reached its highest level since the expiration of the tax credit last week. The Purchase Index gained 9.3 percent due to a 17.2 percent increase in FHA applications and a 3.6 percent jump in conventional purchase applications. Jay Brinkmann, MBA’s chief economist, said the ... MORE
Recent economic forecasts from industry insiders and expert analysts call for modest improvements in the housing market and overall economy in the next year and beyond. Respondents to the September 2010 MacroMarkets Home Price Expectations Survey expect home prices to fall by just 0.8 percent in 2010 and to gain 0.8 percent next year. It ... MORE
Home prices rose 0.6 percent in July over June and were 3.2 percent higher compared with a year earlier, according to the S&P/Case-Shiller Home Price Indices. David M. Blitzer, chairman of the index committee at Standard & Poor’s said, based on the recent behavior of the housing market, home prices are more likely to remain ... MORE
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