Fourth Quarter Existing-Home Sales Surge in Most States, Prices Up in More Areas

Synopsis: Homebuyer tax credit and low interest rates had a positive impact on home sales in the last quarter of 2009. Sales of distressed properties were down 5% over the previous year. The national median sale price for a single family home was 4.1% lower than a year ago, but some areas are seeing double […]

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August 2009 Pending Sales Data

Lawrence Yun, NAR chief economist, discusses the statistical data up to August 2009 and explains what the information is telling us about the market. Video: Key Points: Pending sales are up all over the country. A monthly increase of 6.4% and an annual increase of 12.4%. The disconnect between pending home sales figures and existing […]

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Feeling the Crunch – Will the Tax Credit be Extended?

Many buyers are feeling the deadline crunch and are trying to purchase a house before the November 30th deadline. That’s when the First Time Homebuyer Tax Credit expires, but the deadline is actually much earlier than that.  Here in Michigan, the banks are requiring nearly 45 days to close which puts the deadline for the […]

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