Real Estate News

April 7, 2010

  • Homeowner Aid Expanded

    Homeowner Aid Expanded
    The Obama administration announced programs to help U.S. homeowners avoid foreclosure, including subsidies for borrowers who owe more than their home is worth.
    The plan expands Treasury Department and Federal Housing Administration efforts and uses funds from the $700 billion Troubled Asset Relief Program. The administration faced a week of criticism from lawmakers and [...]

April 1, 2010

March 23, 2010

  • Pending Home Sales Down - Severe Weather To Blame

    Pending Home Sales Down - Severe Weather To Blame
    Pending home sales are down and additional declines are expected from abnormal weather conditions, according to the National Association of Realtors®.
    Moreover, the abnormally severe and prolonged winter weather, which affected large regions of the U.S., hampered shopping activity in February.
    The Pending Home Sales Index, a forward-looking indicator [...]

March 9, 2010

  • Federal Home Buying Support Still Wanted

    Federal Home Buying Support Still Wanted
    According to a new poll by the National Association of Home Builders (NAHB), Americans remain strongly committed to federal support for home buyers.
    Roughly 68 percent of those polled said the government should continue to support housing, and 65 percent believe the government should be doing more to keep families from [...]

March 1, 2010

February 25, 2010

  • Foreclosure Activity Declines in January

    Foreclosure Activity Declines in January
    A total of 315,716 U.S. homes were mired in the foreclosure process in January, a 10% decline from foreclosure activity measured in December.
    That number is still 15% above the level of foreclosure activity reported in January 2009. The report shows that one in every 409 U.S. housing units last month received [...]

February 24, 2010

  • The Government Wants out of the Housing Market

    The Government Wants out of the Housing Market
    The US federal government is looking to get out of the housing market whether we are prepared for it or not. Actually, the scheduled date of the fed pull out has been narrowed down to be within a few months time.
    By this happening there will be an increase [...]

February 17, 2010

  • 7.2 Million U.S. Homes Now Behind on Payments

    7.2 Million U.S. Homes Now Behind on Payments
    According to the latest January 2010 Mortgage Monitor Report by Lender Processing Services, home loan delinquency rates in the U.S. have now surpassed 10 percent. Factoring in foreclosures in process, the total non-current rate sits at 13.3 %.
    When extrapolated to reflect the entire mortgage industry, this rate indicates [...]

February 11, 2010

  • New Proposals to Protect Homeowners

    New Proposals to Protect Homeowners
    The federal government is proposing new steps to try to protect people who may be struggling with their mortgage payments.
    According to a recent announcement from the Federal Trade Commission, it has proposed a rule that would prohibit companies from charging up-front fees for mortgage modification services. Under the proposal, companies would [...]

February 5, 2010

  • Home Price Reductions Drop Again

    Home Price Reductions Drop Again
    According to a report released by Trulia.com, 21 percent of the homes for sale as of January 1, 2010 have experienced at least one price cut. This makes the second consecutive month that price reduction levels have decreased and the lowest level since Trulia started tracking price reductions in April 2009.
    The [...]

February 3, 2010

  • New Home Construction Cooled by Winter Weather

    New Home Construction Cooled by Winter Weather
    Ice storms in the Midwest, blizzards in the nation’s capitol and northeast, and a wet El Nino weather pattern out west has brought some wild winter weather across the United States. This arctic chill explains why building construction has been falling this winter.
    According to the Commerce Department, new home [...]

February 1, 2010

January 12, 2010

  • Real Estate Investors Returning to the Market

    Real Estate Investors Returning to the Market
    Savvy investors are always the first to jump in a potentially profitable housing market and a new survey indicates things are heating up.
    More than 12 percent of homebuyers today plan to purchase a home as an investment, compared to less than half, only 5.6 percent, just seven [...]

January 1, 2010

December 17, 2009

  • FHA Wants to Tighten Limits

    FHA Wants to Tighten Limits
    The Federal Housing Administration is about to beef up the borrowing requirements for home buyers, a move that could dampen the fragile housing market's recovery. Home buyers are going to have to dig deeper in their wallets to purchase a home.
    Currently, borrowers are required to have a 3.5 percent cash down [...]

December 1, 2009

November 30, 2009

  • Existing Home Sales and Home Prices Up

    Existing Home Sales and Home Prices Up
    Existing home sales surged in October to the highest level in more than 2-1/2 years. The National Association of Realtors reported that existing home sales rose 10.1% last month to a seasonally adjusted annual rate of 6.1 million units, up from the downwardly revised rate of 5.54 [...]

November 23, 2009

  • Home Prices Bottoming Out?

    Home Prices Bottoming Out?
    The bleeding in the housing market seems to be slowing, at least temporarily, according to home price data released recently.
    Most U.S. cities saw gains in the median price of single-family homes sold during the three months ended Sept. 30, according to the National Association of Realtors' quarterly report on home prices. [...]

November 9, 2009

  • New Home Sales Fall 3.6%

    New Home Sales Fall 3.6%
    Sales of new homes dropped unexpectedly last month as the effects of the soon-to-expire current tax credit for first-time buyers started to wane.
    The Commerce Department said sales fell 3.6% to a seasonally adjusted annual rate of 402,000 from a downwardly revised 417,000 in August. Economists surveyed had expected a [...]

November 4, 2009

  • Homebuyer Tax Credit Extension Crucial

    Homebuyer Tax Credit Extension Crucial
    The federal government’s first-time homebuyer tax credit is scheduled to expire Nov. 30. The credit, part of the Obama administration-backed economic stimulus package, rewards Americans for buying a home by cutting them a check for 10% of the purchase price up to $8,000.
    Analysts attribute close to 20% of home [...]

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