48:59 minutes (23.51 MB)
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With rock-bottom mortgage rates, and a successful federal incentive plan, it’s the perfect time to buy a house. So, are you?
The Mortgage Bankers Association says the average 30 year fixed rate loan is about 4.97 percent, and mortgage applications have jumped 50 percent from where they were early this summer. Other news is encouraging, too. New housing starts are at the best pace in more than nine months, and the National Association of Realtors says the “worst of the housing crisis is over.”
So, why such slow overall growth in the housing market? Home sales dipped 2.7 percent last month, leaving Wall Street scratching its head about the recovery.
Today, where we live, we’ll conclude our Tuesday series on housing with a look at the real estate market in Connecticut and nationwide, the trends we’re finding, and your stories.
Are you looking to buy a home now? Looking to sell? Does it feel like it’s getting back to normal in the world of real estate?
Today's program originally aired on September 29, 2009