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Market Trends

Challenges Face Luxury Homes

Things were looking up for luxury home sales during the tax credit boomlet last year. However, the credit wasn’t the primary reason; after all, $4000 isn’t a compelling incentive to well-heeled move up buyers in the million dollar plus housing bracket. Read More »

Home Prices Teeter on a Double Dip

A 20-city composite of home prices through October as measured by the S&P/Case-Shiller Indices is teetering on the brink of falling below recent lows in 2009 to create a price new low and achieve the “double dip” in prices long feared by the real estate industry. Read More »

Shared Equity: Roadmap to Homeownership Sustainability

Shared equity initiatives for low income families who buy homes below market value deliver sustainable homeownership solutions, low delinquency and foreclosure rates, and families who sold shared equity homes were able to use sales proceeds to purchase market-rate homes, according to Urban Institute. Read More »

Midwest Home Prices Plunged in November

Home prices have fallen on a national basis for three months in a row, declining by 5.8 percent in November compared to August, according to a leading price index released today. The Midwest region experienced the biggest quarterly price change (-9.9 percent) and increasing numbers of local markets dropped into double dip territory. Read More »

Mortgage Rates Soar

Freddie Mac’s weekly survey of interest rates rose for the first time in eight weeks, soaring 22 basis points for a 30-year fixed loan, the highest rates have been since August and the largest one-week increase since June 4, 2009 when the rate on a 30-year fixed rose 38 basis points. Read More »

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