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Chief Blogger: Christopher Dente, Director of Public Relations | 212.685.7777 | cdente@citi-habitats.com
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October 2009

Fears of a New Chill in Home Sales
Posted by Christopher Dente |  October 29, 2009

Fears of a New Chill in Home Sales

By DAVID STREITFELD | Published: October 27, 2009

Even as new figures show house prices have risen for three consecutive months, concerns are growing that the real estate market will be severely tested this winter.

Read full article here.

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Filed under: News, Sales
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Homebuyer Tax Credit Measure Backed by Administration
Posted by Christopher Dente |  October 29, 2009

Homebuyer Tax Credit Measure Backed by Administration

By Brian Faler and Dawn Kopecki

Oct. 29 (Bloomberg) -- The Obama administration endorsed plans to extend an $8,000 tax credit for first-time homebuyers, saying it is helping stabilize the nation’s housing market.

Read full article here.

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Mortgage Rate Update
Posted by Christopher Dente |  October 27, 2009



Regular Mortgages



Jumbo Mortgages

Source: BankRate.com

View: three months

 

5/1 A.R.M.        4.30%
15-Year Fixed  4.72%
30-Year Fixed  5.25%

 

 
 

 

 

5/1 Jumbo         4.70%
15-Year Jumbo  5.61%
30-Year Jumbo  6.08%

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Filed under: Manhattan, Sales
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Q. and A. on New York Rent Ruling
Posted by Christopher Dente |  October 27, 2009

Q. and A. on New York Rent Ruling

By JOSH BARBANEL | Published: October 23, 2009

(New York Times) When the New York State Court of Appeals overturned some rent rules in place for more than nine years on Thursday, the decision opened a window for many market-rate New York City tenants, including some paying some of the highest rents in the country, to roll back rents and get the protections of the state government’s rent regulation system. Here are some questions and answers about the decision.

Read full article here.

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Housing Market Faces Hard Road to Normal, Fed Economist Says
Posted by Christopher Dente |  October 27, 2009

Housing Market Faces Hard Road to Normal, Fed Economist Says

By Vivien Lou Chen

Oct. 26 (Bloomberg) -- The U.S. housing market faces a “difficult” return to normal because government-sponsored enterprises own or guarantee most mortgage lending while alternative sources have disappeared, said an economist with the Federal Reserve Bank of San Francisco.

Read full article here.

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