Cost Spread Between Owning a Home and Renting is Narrowing: Credit Suisse

Tuesday, July 13th, 2010, 12:01 pm

With mortgage rates at record lows and housing markets stuffed to the gills with cheap distressed properties that's led to declining home prices, the cost to own a home is sometimes cheaper than renting an apartment in many markets, according to analysts at Credit Suisse. (Entire Article)

Senate Approves Extension of Tax Credit Closings

The U.S. Senate has passed an amendment that would extend the closing deadline of the homebuyer tax credit by three months.

Right now, qualifying homebuyers who were under contract by April 30 have until June 30 to close the deal. But because of the large volume of applications for lenders to process, concerns have begun to surface that some buyers may miss out on the tax break simply because of the backlogged pipeline.
(Read this Article).

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BuilderOnline.com's 20 Healthiest Housing Markets

We are proud to serve some of the strongest housing markets in the country. Builder Online sites the cause of these markets health is related to the home prices never growing out of hand in the first place. We are happy to help.

http://www.builderonline.com/local-markets/the-20-healthiest-housing-markets-for-2010.aspx