The bursting of the housing bubble plunged the economy into a recession from which it has yet to fully recover. But economists say this could finally be the year that housing lifts us out of the doldrums. Home sales rebounded to...
Read MoreSales of luxury homes spiked in the final months of 2012 as high-end homeowners rushed to take advantage of lower tax rates before January 1. Many sellers wanted to cash in on their homes before a widely expected capital gains...
Read MoreHousing Markets to Improve in 2012 Gradual improvement is expected nextyear, with existing-home sales edging up 4% to 5% and new home sales getting an even bigger boost off this year’s record lows, the chief economist of...
Read MoreMcLean, VA – Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS), which shows mortgage rates holding steady and below 5.0 percent. 30-year fixed-rate mortgage (FRM) averaged 4.88...
Read MoreAfter slight movement early last week, mortgage rates ended up looking better for borrowers with a decrease of .125% for conforming 30 year and 15 year mortgage interest rates making them more competitive with FHA mortgage...
Read MoreIf you are thinking about purchasing a home right now, you are surely getting a lot of advice. And most of that advice is probably negative. Why buy now with prices still falling? Don’t you realize real estate is no longer a...
Read MoreHere is a great article from the Wall Street Journal on the benefits of buying a house now. Enjoy! Are you thinking of buying on the North Shore? Have you signed up for an account on LuxuryLongIsland.com yet? Its free, easy...
Read MoreFreddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), and again, the fixed-rate mortgages reaching, along with the 5-year adjustable rate, set record lows for this survey.
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