4% mortgage rate plan scrapped (article from OC Register and the Associated Press)

February 6th, 2009, 10:38 am · posted by Mathew Padilla, Reporter


The Associated Press reports:
A plan by Republicans in the Senate aimed at pushing mortgage rates lower has gone down to defeat at the hands of Democrats.
The plan by Nevada Republican John Ensign would have encouraged banks to issue mortgages with interest rates of 4 to 4.5 percent. The government-controlled...

Pending Home Sales Show Healthy Gain (NAR stats from Realtor magazine)


Pending Home Sales Show Healthy Gain

Pending home sales increased as more buyers took advantage of improved affordability conditions, according to the NATIONAL ASSOCIATION OF REALTORS®. Big gains in the South and Midwest offset modest declines in other regions.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in December, rose 6.3 percent to...

October 2008 Home Sales

Best And Worst Bang For The Buck Cities - Forbes.com

Compared to other markets in the country central Ohio appears to be stabilizing somewhat. Homes sale statistics are not sliding as far and inventories are shrinking. It certainly is still a strong buyers market and sellers are holding off on selling. Some sellers are taking advantage of the market when moving up to a nicer home. They are taking a small hit on their less expensive home and in return a larger discount on their new expensive home. Rates are still hovering around 6% for a 30 year fixed,...