home buyers

Before Market Slide, Americans Were Losing Confidence

Even before the latest stock-market plunge, U.S. consumer confidence was already sliding downward, according to a Fannie Mae survey released Monday. Some 70% of respondents say the economy is heading in the wrong direction.

Time to Kill the Mortgage Interest Tax Deduction?

With proposals from both President Obama and GOP leaders to broaden the tax base, it seems likely that some cherished income tax deductions may be reduced or even eliminated, and one leading candidate for the chopping block is the deduction for mortgage interest.

Mortgage Reform Could Limit Consumer Options

A federal law that goes into effect Friday is about to change the way mortgage brokers earn their pay. Advocates say the rule prevents mark-ups on loans that pad brokers' incomes, but critics argue the law hurts consumers by narrowing the marketplace and funnels more customers to fewer lenders.

Prospective Homebuyers: Time Is on Your Side

The latest reports on home sales and prices offer a complicated and conflicted picture. But when the data are taken together, one thing is clear: Weighing risk and reward, it's worth waiting a few months to see which way the real estate winds are really blowing.

Pending Home Sales Drop Points to Uneven Recovery

Pending home sales in the U.S. unexpectedly fell 1.8% in September, the National Association of Realtors reported Friday. It was the statistic's first decline in three months, and one that suggests that the housing sector's recovery is likely to remain uneven through at least early 2011.

New-Home Sales Plunge to a Record Low in July

New home sales unexpectedly plunged 12.4% to a 276,000-unit annual rate in July, an all-time low. Combined with July's 27.2% plunge in existing-home sales, the picture is one of a U.S. housing sector that's cratering since the federal home buyers tax credit program ended on April 30.

The 10 Worst Real Estate Markets in the U.S.

Despite stimulus programs and all-time low mortgage rates, the real estate market continues to struggle with excess supply, depressed home prices and high foreclosure rates. The key factor? Unemployment.

Free guide for first time homebuyer's

Wells Fargo is offering up a guide for first time homebuyer's, which comes chock full of information and explanations of the many terms associated...