Tag Archives: economic recovery

4 out of 10 Recent Buyers Used FHA Loans — New York Real Estate

According to the most recent REALTORS® Confidence Index, 39 percent of recent buyers purchased a home with a Federal Housing Administration-insured loan. REALTORS® who took part in the November survey also reported that the number of first-time home buyers continued … Continue reading

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Defaults Could End Up Being a Boon

The increasing willingness to abandon home ownership in favor of renting could, in a counterintuitive way, be an important step in the economic recovery, some analysts say. The U.S. home ownership rate has declined to 67.6 percent as of September, … Continue reading

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Geithner Says TARP Will Be Extended

Treasury Secretary Timothy Geithner told Congress on Wednesday that the government’s financial bailout program, Troubled Asset Relief Program (TARP), will be extended until Oct. 3, 2010. “The recovery of our financial system remains incomplete and near-term shocks to that system … Continue reading

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Bernanke Promises Low Rates

Federal Reserve Chair Ben Bernanke said Monday that he could make no guarantees that the current economic recovery will last, but he promised to keep interest rates at low levels for “an extended period.” Central bank officials will discuss monetary … Continue reading

Posted in commercial real estate, Foreclosures, Home Buyer Tax Credit 2009, Housing Market News Update, mortgage, New York Real Estate, Short Sales | Tagged , , , , , , , | Leave a comment