Oakwood Homes

Colorado mortgage rate at 4.82%; loan applications rise

Legislation to extend unemployment benefits and a tax credit for first-time homebuyers cleared a procedural hurdle in the U.S. Senate as Democrats pushed to complete work on the measure this week.

Don't bet all your money on it quite yet, but it looks more and more likely that Congress will extend the housing tax credit beyond its scheduled termination date - and maybe even open it up to people who already own homes.

Americans signed more sales contracts to buy homes in September than they did in August, according to an industry report released Monday: It was the eighth consecutive month of increasing sales.

"This is probably the best time to buy a house," Old Dominion University economist Vinod Agarwal said. "This is a buyer's market. If you have the resources and you qualify for a home, now's the time to ...

Sept Pending Home Sales Rise to Highest Level in 3 Years

* Democrats agree, but key Republican not on board * Vote in Senate expected this week (Updates with timeline, procedural vote, background) By Corbett B. Daly and Andy Sullivan WASHINGTON, Oct 27

No one seems quite prepared yet to proclaim that we've seen the bottom in housing, but from the looks of this chart the bottom occurred quite awhile ago. After adjusting for inflation (I'm using the PCE deflator here), real home prices have risen four months in a row, at a 12% annualized pace. ...