Home buyers responding to incentives, execs say
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Home buyers are responding to incentives in many markets, helping reduce the inventory of unsold homes, executives told an industry conference on Tuesday.
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SOMERVILLE -- As many as 100,000 Massachusetts homeowners would receive up to $870 a year in tax relief under a plan unveiled by Governor Deval Patrick yesterday that relies on the state's corporate community to foot the bill.
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U.S. consumers' appetite to purchase  homes and refinance existing loans fizzled last week despite a  decline in mortgage rates, an industry trade group said on  Wednesday.
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By George Chamberlin , Daily Transcript Financial Correspondent. Rising residential real estate values have been a blessing for many households.
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The new rules would force companies to show that customers can realistically afford their mortgages.
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Mortgage companies Fannie Mae and Freddie Mac last year met the government-set goals for making home ownership affordable, but only because three unusual multibillion-dollar deals were counted toward the targets, officials said Thursday.
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Banking regulators on Tuesday urged mortgage servicers to be proactive and contact borrowers at risk of default to help them avoid foreclosure and keep their homes.
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US home buyers may see a slight rise in mortgage rates if housing finance company Fannie Mae , which is mired in an accounting scandal, slows purchases of bonds backed by home loans in response to new rules imposed by regulators.
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Stockholders have pounded home builders this week on an earnings warning from Pulte Homes Inc., but credit investors believe the company&#39;s Las Vegas troubles do
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&#39;The ongoing stimulus of lower-than-expected mortgage interest rates was the primary driver of strong home sales in October.&#39;.
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The rate consumers pay on a 30-year, $200,000 home loan will likely rise 0.2 of a percentage point - an extra $9,200 over the course of the loan - as the largest US buyer of mortgages slows growth to meet regulators&#39; request to boost capital, said Kevin
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More than 30 percent of U.S.  homeowners who bought in the last two years owe more on their  mortgage than their house is currently worth, a housing market  research company said on Tuesday.
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Everyone benefits from the company's efforts to increase homeownership.
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Developers are cashing in on demand for luxury housing in such spots as Russia, Bulgaria and Poland.
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As the credit markets tighten, some investors fret that the renegotiated deal for Home Depotâs wholesale supply unit may be an omen for other buyouts.
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Countrywide Financial Corp., under pressure to help stem growing home loan defaults, says it will expand programs to help borrowers manage their mortgage payments regardless of the type of subprime loan they have or whether they have already fallen behind on payments.
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A lean supply of homes in hot  markets and a growing U.S. economy is expected to keep house  prices in most parts of the country from reversing course,  analysts and real estate agents say.