Posts with tag Home sales slowdown

Even as mortgage rates linger at historic lows, mortgage applications fell for the fourth consecutive week. Application numbers dropped 0.8 percent for the week ending Sept. 24, according the latest data from the Mortgage Bankers Association, after falling 1.4 percent the week before. Refinancing applications also... Continue Reading »

A continued heavy supply of homes on the market has brought home purchases almost to a standstill, despite low housing prices and low interest rates, say some industry pundits. Meanwhile, a declining clan of buyers are faced with unemployment, tight mortgage restrictions and the expiration of the tax credit. "The market,... Continue Reading »

John Bezik and his wife Cyndee own a home, but for now they're living in a $2.8 million, 6,500-square-foot home outside Scottsdale, Ariz., that has been on the market for more than a year. It's not their house, but they sleep there at night. By day, they keep the pool sparkling, the plants trimmed and the interior... Continue Reading »