Posts tagged interest rates
Home Sales 27% Higher Than Last Year
Feb 14th
Bolstered by low interest rates and a first-time home buyers tax credit, existing-home sales rocketed 27.2% from the fourth quarter of 2008 to a seasonally adjusted annual rate of 6.03 million, the National Association of Realtors reported Thursday.
Buyer’s Market Could be Ending Soon
Jan 28th
Low interest rates, a federal tax credit for first-time home buyers and declining prices contributed to a 35.4 percent gain in activity last year. But two of the components driving the market — interest rates and tax credits — are likely to be gone by summer house-buying season.
