Latest Breaking News On - Chuck murray - Page 5 : comparemela.com
the market rocketed to a 12.5 month supply. that s more than double the number of homes you d usually see in a healthy real estate market. all this despite the fact the federal reserve has pumped a trillion dollars into the mortgage market to push borrowing rates way down. 30 year mortgage rates hit 4.42% in recent days. that s believed to be the all-time record low for mortgage rates. that s where we are tonight. joining me with more on what happened here and what it means for the broader market, diana olick of cnbc, she covers housing for us. diana, good evening. reporter: good evening, brian. you know, it s houses like this one, perfectly appointed, move-in ready, sitting on the market for over six months. like a quarter of all sellers on the market today, this seller has already lowered the price and it s not moving. why? it s that toxic mix of that expired home buyer tax credit, still high unemployment, and overall lack of confidence that s sent housing into yet anothe
MiamiFloridaUnited-statesVietnamRepublic-ofNew-yorkJapanDelawareIllinoisMichiganWashingtonDistrict-of-columbia down. 30 year mortgage rates hit 4.42% in recent days. that s believed to be the all time record low for mortgage rates. that s where we are tonight. joining me with more on what happened here and what it mean for the broader economy, diana olick of cnbc, she covers housing for us. diana, good evening. reporter: good evening, it s houses like this one, perfectly appointed, move-in ready, been sitting on the market for over six months. like a quarter of all sellers on the market today, this seller has already lowered the price and it s not moving. why? it s that toxic mix of that expired home buyer tax credit, still high unemployment and overall lack of confidence that s sent housing into another tailspin. the numbers were twice as bad as experts predicted and their predictions were grim. sales of existing homes plummeted across the nation and in nearly every price range. led by a 35% drop in the midwest. the main culprit, the end of the home buyer tax credit. we had the s
MiamiFloridaUnited-statesVietnamRepublic-ofNew-yorkJapanDelawareMichiganWashingtonDistrict-of-columbiaUnited-kingdom