Home prices edge up in many regions as buyers wait
Wealthier markets face decelerating gains with potters in Rancho Penasquitos ready to remodel for retirement after a $138000 purchase six years ago. Across the Midwest and West, move-up sales stall while builders offer incentives to lure buyers. Nationwide values rise 3 to 5 percent, with variation by region and price tier.
MENTIONED IN THIS ARTICLE
Joyce
Steve Potter
Rancho Penasquitos
Calif
Potters
Milwaukee
California
Chicago
Jack Lageschulte
Old Colony Builders
Mid-Atlantic
Michael Brodsky
Ryland Group
Marlton
Northeast
Anthony Downs
Brookings Institution
Washington, D.C
St. Louis
Nebraska
North Dakota
Cincinnati
Indianapolis
Springfield
Ill
Northeast outlook tempers fears of deeper cuts
The report notes that while the worst may be over, further reductions loom in high tech and defense sectors, signaling continued belt tightening. Key firms in Northeast regions anticipate slower hiring and tighter budgets as governments and industries reassess demand and supply chains.
Many reasons for refinancing in a changing market
Elizabeth Treanor of Vienna Virginia uses mortgage refinancing cash for law school tuition and pets while Jeff Francione in Palatine Illinois reduces a 30 year loan to five years. Dale Keener of Centerville plans fixed rates to fund two children's September tuition as refinancings surge on record low rates.
MENTIONED IN THIS ARTICLE
Washington
Elizabeth Treanor
Vienna
Jeff Francione
Palatine
Dale L. Keener
Centerville
Richard Peach
Mortgage Bankers Association of America
Treasury
Federal Home Loan Mortgage Corp
Mortgage Bankers Group
Peach
Francione
Keener
Mick Guttan
Treynor State Bank
Treynor
Iowa
Mark Zandi
Regional Financial Associates Inc
West Chester
Also Mentioned on This Page
West
Frederick County
Deerfield Associates
Rusherman Construction Co
James T
Suzanne B. Hall
Deer Run Drive
Walkersville
Quad Construction Corp
Ryland Group Inc
Golfview
Butterfly Lane
Frederick
Susan Marian
Newburgh
N.Y
Philadelphia
Bill Fox
Boston
New Haven
New York City
New Jersey
Connecticut
Florida
Bob Adams
Daytona Beach
Fla
Orlando
Atlanta
PHH Relocation and Real Estate Management Services
USA
Jacksonville
Daniel O’connor
National Real Estate Index
Charlotte
N.C
Virginia Beach
Midwest
Houston
Austin
Tex
Denver
Los Angeles
Riverside
San Pedro
Northern California
Northwest
Oregon
Boise
Idaho
Salt Lake City
Mark Hammond
First Security Savings Bank
Bloomfield Hills
Mich
Steven Spehr
Coldwell Banker
Harvard University
Joint Center For Housing Studies
Che Fredeerick
Frederick City
Meadows
Glendalfe
Nantucket
Salem
Hamilton
Matter Ave
13Th Ave
Fast St
9Th Ave
Pine Ave
Hathy
Sun
Mon
WEI
Makela Homes
Taneamarran
Fischer-Lang & Company, Inc
Franklin ST PO
Maryland
WLC
Jefferson
Brokers
Rt 340
Lander Road
Jefferson Exit
Rt 180
Old Middletown Rd
Brook Drive
Shadywood Drive
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