U.S. mortgage applications fell for the first time in four weeks, reflecting a dramatic drop in demand for home refinancing loans, data from an industry group showed today. The Mortgage Bankers Association’s (MBA) Market Composite Index for the week ending January 22, 2010 decreased 10.9 percent on a seasonally adjusted basis from one week earlier… Read More
Tax rebate boosts home sales – Business – The Olympian – Olympia …
September 6, 2010 By Leave a Comment
First-time buyers made up about half of all transactions last month, driving sales up 44 percent above last year’s levels, a record jump. “In the short run, it’s an effective stimulus,” said John Ryding, chief economist at RDQ Economics. … Eleven Western cities registered annual sales increases last month. Boise, Idaho; Seattle and Honolulu were among the top five U.S. metros with the sharpest increases in November, while nine metros posted annual price declines – with …
Best Make Money » Tax credit drives surge in home sales
September 6, 2010 By Leave a Comment
While prices for homes in many parts of the country are still falling, analysts said the tax credit clearly helped the volume of sales. “In the short run, it’s an effective stimulus,” said John Ryding, chief economist at RDQ Economics. … Without the looming deadline, “buyers have no sense of urgency now,” said Gary DeRosa, an agent with ZipRealty Inc. in Seattle. About 2 million homebuyers have taken advantage of the credit so far, the Realtors group said. …
