Real estate news update: 7-20

Written by Federal Title | 20 July 2010

A daily dose of headlines for real estate agents, mortgage lenders and consumers.

Extra credit checks make some lenders anxious
Washington Post: People who applied for a mortgage as of June 1 might notice their debt under renewed scrutiny days before they are scheduled to complete a home purchase.
Little, no money down mortgages still available
Washington Examiner: Homebuyers with little money for a down payment are finding more home loans available for a low, or even no, down payment.
Debunking rumors of housing sales tax
Washington Post: The levy is aimed at high-income taxpayers, leaving most people untouched. And it will not take effect until Jan. 1, 2013.
How we sold a house
Wall Street Journal: The worst of the home-price nosedive may be over, but selling a home can still feel like an agonizing stalemate.
Homebuilders less confident in housing market
Washington Times: Homebuilders' confidence in the housing market has sunk to the lowest level in more than a year, more evidence that the economic recovery is slowing.
Uncle Sam still saving D.C. real estate
Washington Business Journal: A shift from the planning stages of stimulus and regulation initiatives to full-scale implementation yielded robust gains for Metro D.C.

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