Monthly Market Trends

Tuesday, May 04, 2010

by Heidi Hines

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Existing Homes Sales on the Rise

Existing-home sales were up 6.8 percent in March as buyers took advantage of favorable conditions, according to a recent report by the National Association of REALTORS (NAR). Year-over-year, existing-home sales are up 16.1 percent to a seasonally adjusted annual rate of 5.35 million units expected for 2010. Experts believe March's lif

Tax Credits for Energy Improvements

Although the $8,000 tax credit has expired for first time buyers, many folks are still eligible for another home-related tax credit that's available through the end of the year. The American Recovery and Investment Act of 2009 provides homeowners a tax credit for select energy upgrades on existing homes. Windows, doors, water heaters, insulation

The Low Cost of Financing

Home financing costs are at historic lows, making home ownership a reality for many first time buyers! Freddie Mac is reporting that the average commitment rate for a 30-year fixed rate loan is hovering around 4.97 percent as of March 2010. This is slightly below the 5.0 percent commitment rate available last year. Many experts see rate increases