... with an interest-only loan. To avoid paying private mortgage insurance, they put 20 percent down on each home, but only 5 ... and investors accounted for 85 per cent of Miami high-rise condo sales. There are reports of condos changing ownership two or ... panelists see shielding us from trends including rising interest rates that will constrict housing demand throughout the US. Michael Cannon of Integra ...

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Steve Brown reports that home sales increased fractionally, yes, thanks to the now-extended and expanded First-time home buyer credit ... 377 in October. The downturn would likely have been worse were it not for historically low mortgage rates and the federal government’s $8,000 first-time ... of 1.1% and 1.0% respectively. Prices in the Miami market were effectively flat with an increase of just 0.3%. ...

... at the end of April, mortgage finance company Freddie Mac said Wednesday. Low rates coupled with ... $275,000 and above are still slow. "Hopefully, when more good reports come out, people will have more confidence about buying," Brown said. ... Writers Alex Veiga and Adrian Sainz contributed to this report from Los Angeles and Miami. Source