Toll Brothers Post Surpise Profit...

Amid lackluster sales data released today Toll Brothers released its earnings showing a profit amid the unresolved issues in housing. The quarterly report cite’s its profitability thanks to tax gains. http://www.cnbc.com/id/38845421

 

New Homes Magazine is reaching…...

New Homes Magazine is reaching out! – http://eepurl.com/ItyD

 

Extending the Tax Credit for Closings...

http://www.cnbc.com/id/37622791 By: Diana Olick CNBC Real Estate Reporter From your mouths to the Senate Majority Leader’s ears. You may recall on Tuesday we all discussed the home buyer tax credit, and specifically how many potential buyers rushed in to sign contracts by the April 30th deadline but wouldn’t make it to the June 30th closing deadline. Tim Sloan | AFP | Getty Images US Senate Majority Leader, Harry Reid (D-Nev.) Now Senate Majority leader Harry Reid (D-Nev.) is offering an amendment to the American Jobs and Closing Tax Loopholes Act of 2010, to extend the closing deadline to September 30th. Again, no new buying opportunities here, just a longer period to close. We know the tax credit juiced contracts signed for new and existing home sales, just take a look below at the “Pending Home Sales Index” from...

 

K. Hov narrows loss, beats exp…...

K. Hov narrows loss, beats expectations. http://tinyurl.com/28j5x3v

 

Which is better Rent or Buy in…...

Which is better Rent or Buy in today’s market? CNBC & Trulia has a great article to make sense of the mkt http://www.cnbc.com/id/37489607

 

Existing home sales rose, 7.6%…...

Existing home sales rose, 7.6% to an annual rate of 5.77 million homes, better than expected. http://www.cnbc.com/id/37314201

 

Now Is The Time For A New Shea…...

Now Is The Time For A New Shea Home – http://eepurl.com/yKVR

 

Mortgage Interest Deduction in Play...

http://www.cnbc.com/id/37153056 The Administration isn’t officially considering it, maybe not “actively” considering it, not even taking a side on it per se. According to “staff” it was just a “musing.” At a small conclave of reporters, no cameras allowed, the Secretary of Housing and Urban Development was reportedly asked about the mortgage interest deduction, the importance of home ownership and the seeming shift of focus from owning to renting. That last bit is huge in itself, as pretty much every President dating back to Herbert Hoover and the Home-Loan Discount Banks pushed people to own own own. Herbert Hoover, Dec. 8, 1931 “I recommend the establishment of a system of home-loan discount banks as the necessary companion in our financial structure of the Federal Reserve Banks and our Federal Land Banks. Such action...

 

Mortgage rates drop to lowest level this...

Alan Zibel, AP Real Estate Writer, On Thursday May 13, 2010, 1:38 pm EDT WASHINGTON (AP) — Mortgage rates fell this week to the lowest level of the year, as rates fell on U.S. government securities. Fixed mortgage rates closely track interest rates paid on long-term Treasury bonds. The average rate on a 30-year fixed rate mortgage dipped to 4.93 percent this week from 5 percent a week earlier, Freddie Mac said Thursday. It was the lowest level since mid-December, when rates averaged 4.81 percent. The drop came as investors shifted money from risky European debt to safer U.S. securities. Bond yields fell as a result, and that lowered mortgage rates. Freddie Mac collects mortgage rates on Monday through Wednesday of each week from lenders around the country. Rates often fluctuate significantly, even within a given day. The average fixed rate dropped to a record...

 

Housing Prices to Rise 3-5% in 2010...

http://www.cnbc.com/id/37061639 Famed Housing Bear, John Paulson, talks about the future of housing and his “call” of the bottom being in. Housing Prices to rise some 3-5% this year, with 2011 forecast to rise 8-11%. This bear turned bull spoke before the Senate and expressed his outlook for Real Estate. Read the Full Article