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Local Address Archive: The market

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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Is bulldozer the best option for some boom-time housing?

Some of the misconceived housing developments built during the boom years might have to be torn down because they don't make financial sense, according to Fannie Mae's chief economist.

By Elizabeth Razzi  |  June 4, 2010; 12:15 PM ET  |  Permalink  |  Comments (4)
Categories:  Foreclosure , Neighborhoods , The economy , The market  
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Pending home sales are up. But will they close in time?

Buyers racing to sign home-purchase contracts in time to qualify for a federal tax credit pushed home sales up for the third month in a row. Pending home sales, based on contracts signed in April, are up 6 percent from March, the National Association of Realtors reports. But the Realtors are warning that some buyers may have trouble closing their deals by the June 30 deadline for qualifying for a tax credit of up to $8,000.

By Elizabeth Razzi  |  June 2, 2010; 10:00 AM ET  |  Permalink  |  Comments (0)
Categories:  Statistics , The economy , The market  
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The Weekend Poll: After the tax credit

The federal government's home buyer tax credit expires at midnight. Will your plans change after it's gone?

By Elizabeth Razzi  |  April 30, 2010; 11:00 AM ET  |  Permalink  |  Comments (3)
Categories:  Buying , Poll , The market , Weekend Poll  
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Older Entries in This Category »

Washington home market: Buyers are back, Elizabeth Razzi , April 27, 2010
GMU's John McClain to join chat Friday, Elizabeth Razzi , March 17, 2010
A home price bounce? And the Weekend Poll., Elizabeth Razzi , March 5, 2010
The Weekend Poll: After the tax credits?, Elizabeth Razzi , February 19, 2010
Realtors launch their own free iPhone app, Elizabeth Razzi , January 12, 2010
Markers of a turn, and The Weekend Poll, Elizabeth Razzi , December 11, 2009
Is Washington turning into a seller's market?, Elizabeth Razzi , November 13, 2009
Washington-area home prices down 2.5% from last year, Elizabeth Razzi , November 10, 2009
Remodelers: "It will die if you don't take care of it.", Elizabeth Razzi , November 10, 2009
Washington home sales and The Weekend Poll, Elizabeth Razzi , November 6, 2009
Fannie Mae to allow some troubled owners to rent back, Elizabeth Razzi , November 5, 2009
Refinancers save $3 billion in a year, Elizabeth Razzi , November 3, 2009
First-time buyer credit and The Weekend Poll, Elizabeth Razzi , October 30, 2009
Get Free Alerts if Someone Messes With Your Deed, Elizabeth Razzi , October 15, 2009
A Flood of Solar Events and The Weekend Poll, Elizabeth Razzi , October 2, 2009
It's Official: We're Hot and Hip, Elizabeth Razzi , September 30, 2009
Builder KB Home Starting Up Again in Washington Area, Elizabeth Razzi , September 16, 2009
What's the Line on Extending the $8,000 Tax Credit?, Elizabeth Razzi , September 15, 2009
Appraisers Say 'Don't Blame Us', Elizabeth Razzi , August 26, 2009
Price Increases Coming in Foreclosure Hot Spots?, Elizabeth Razzi , August 12, 2009
Short Sale Plan Coming, and The Weekend Poll, Elizabeth Razzi , August 7, 2009
Choosing Bankruptcy to Avoid Foreclosure, Elizabeth Razzi , August 6, 2009
Housing Demand in Area Outpacing Supply , Elizabeth Razzi , August 5, 2009
Geography of Distress, Elizabeth Razzi , July 30, 2009
More Signs That Home Prices are Steadying, Elizabeth Razzi , July 28, 2009
Chat Plus: This is What Change Looks Like, Elizabeth Razzi , July 27, 2009
Home Sales Increase and The Weekend Poll, Elizabeth Razzi , July 24, 2009
Appraisal Quality Getting More Attention, Elizabeth Razzi , July 16, 2009
Signs of Stabilizing Prices, and the Weekend Poll, Elizabeth Razzi , July 10, 2009
Mortgage Fraud Rising in the Washington Area, Elizabeth Razzi , July 9, 2009
Google Buffs Up Its Real Estate Listings, Elizabeth Razzi , July 8, 2009
What Metro Adds to Home Values, Elizabeth Razzi , June 29, 2009
Appraisers Blamed for Killing a Market Recovery , Elizabeth Razzi , June 25, 2009
D.C. Area Makes All the Best Lists, Elizabeth Razzi , June 23, 2009
Younger Home Buyers Will Be Less Wealthy , Elizabeth Razzi , June 22, 2009
What Northern Virginia Needs Now is New Homes?, Elizabeth Razzi , June 16, 2009
Pessimists vs. Optimists and The Weekend Poll, Elizabeth Razzi , June 12, 2009
Buyers and Sellers at a Standoff?, Elizabeth Razzi , June 11, 2009
Will the Busy Real Estate Market Last?, Elizabeth Razzi , June 3, 2009
What If There Weren't All Those Foreclosures?, Elizabeth Razzi , May 28, 2009
Recovery Could Bring a Flood of Listings, Elizabeth Razzi , May 14, 2009
Beware Dated Housing Stats, Elizabeth Razzi , May 13, 2009
Market Up, or Down, Or?, Elizabeth Razzi , May 12, 2009
Are Matchmaking Sites the Future?, Elizabeth Razzi , May 11, 2009
Realty Exec Wants More Housing Incentives, Elizabeth Razzi , May 8, 2009
Mortgage Crisis Show, Tonight on WAMU and WHUT, Elizabeth Razzi , April 30, 2009
Take a Spin with Frank and Take the Poll, Elizabeth Razzi , April 24, 2009
Searching for Homes With Price Cuts, Elizabeth Razzi , April 23, 2009
Vacation Homes And the Weekend Poll, Elizabeth Razzi , April 17, 2009
Long & Foster Adds Job-Loss Protection , Elizabeth Razzi , April 16, 2009
Complete this Sentence Game, Realtor Edition, Elizabeth Razzi , April 13, 2009
What's Your American Dream?, Elizabeth Razzi , March 27, 2009
Rent or Buy?, Elizabeth Razzi , March 26, 2009
Layoff Worries vs. Buyer Incentives, Elizabeth Razzi , March 24, 2009
Nudge Turns to Shove, Elizabeth Razzi , March 20, 2009
More New Homes?, Elizabeth Razzi , March 18, 2009
Prices Down All Around, Elizabeth Razzi , March 11, 2009
Sharpen Your Elbows to Get In on Borrower Bailout, Elizabeth Razzi , March 5, 2009
How's That? Home Sales, Prices, Inventory All Drop, Elizabeth Razzi , February 25, 2009
Will Housing Market Spring Forward?, Elizabeth Razzi , February 25, 2009
 
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