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Local Address: June 27, 2010 - July 3, 2010

The Weekend Poll: Who has it made in the shade?

It used to be assumed that a vacation-home owner was in a better position than vacation renters. Given the price declines of recent years, that's not necessarily so. Who fares better now?

By Elizabeth Razzi  |  July 2, 2010; 7:00 AM ET  |  Permalink  |  Comments (2)
Categories:  Buying , Poll , Weekend Poll  
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30-year mortgage rates hit another low

How low can they go? Freddie Mac reported this morning that average rates on a 30-year fixed mortgage sank to 4.58 percent, blowing past last week's record low of 4.69 percent by 11 basis points. Meanwhile, news just out from the National Association of Realtors is hardly encouraging. Pending home sales, based on homes going under contract in May, fell 30 percent from April and were 15.9 percent below a year ago.

By Elizabeth Razzi  |  July 1, 2010; 11:34 AM ET  |  Permalink  |  Comments (5)
Categories:  Buying , Statistics , The economy , The market , Weekend Poll  
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Closing deadline will be extended to Sept. 30

Both houses of Congress have now passed an extension to Sept. 30 of the closing deadline to qualify for the homebuyer tax credit.

By Elizabeth Razzi  |  July 1, 2010; 9:41 AM ET  |  Permalink  |  Comments (0)
Categories:  Buying , Taxes , The economy , The market  
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House acts on tax credit deadline but June 30 still stands

The House voted Tuesday to give home buyers who want to take advantage of a lucrative federal tax credit three extra months to complete their home purchase. The measure, which passed 409 to 5, is now headed to the Senate.

By Elizabeth Razzi  |  June 29, 2010; 5:49 PM ET  |  Permalink  |  Comments (1)
Categories:  Buying , The economy , The market  
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Tick, tock ... tax credit deadline looms

How's it going out there, racing to close home purchases by 11:59 p.m. Wednesday? That remains the deadline to qualify for the homebuyer's tax credit of up to $8,000. A measure extending the closing deadline to Sept. 30 is pending in Congress--but it has not been passed. (

By Elizabeth Razzi  |  June 29, 2010; 11:20 AM ET  |  Permalink  |  Comments (4)
Categories:  Buying  
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