Could the real estate action be shifting to the heartland, the vast swath of middle America that wasn’t really touched by the hyperinflationary housing boom? (Read More)

Source: Washington Post

Q: My husband and I have owned our home for more than five years. We purchased it at $460,000, and find its value today is around $960,000, putting us at the $500,000 gain mark. We are not interested in moving to a different home now, but likely will want to sell our home in 15 years.
(Read More)

Source: Washington Post

It’s springtime and real estate analysts are busy crunching numbers and spitting out prognostications at terrific speed. Open the paper or switch on the TV news or a radio talk show, and chances are you’re going to encounter something about the real estate market and its recent downturn.

Some economists — typically, those who have staked their professional reputations on being dark-horse skeptics — are predicting nothing short of a global economic apocalypse. Others — often those on the take from the real estate industry — scoff at such dire visions. Don’t listen to the doomsayers, they say, “we’re in for a soft landing.” (Read More)

Source: SFGate: Surreal Estate

Rates on 30-year mortgages climbed this week for the eighth time in the past nine weeks, hitting the highest level in nearly four years. (Read More)

Source: Baltimore Sun

Sales of new homes rose unexpectedly in April to the fastest pace this year as the housing sector showed resilience in the face of rising mortgage rates. The price of homes sold last month edged up only slightly, however, and the level of unsold homes rose to a record high. (Read More)

Source: Washington Post