California’s attorney general has requested that the Federal Housing Finance Agency suspend foreclosure sales in the state for home owners with government-backed mortgages.
Attorney General Kamala D. Harris has requested that home owners with loans backed by Fannie Mae and Freddie Mac get a…Continue
Inventory of new homes on the market shrank to its lowest point on record in January, marking a 5.6-month supply at the current sales pace, the Commerce Department reports.
With fewer homes available, the price of new homes increased slightly last month. The median price for a new home ticked up…Continue
Billionaire investor Warren Buffett says he was “dead wrong” with a prediction that the U.S. housing market would begin to recover by now, but he remains optimistic about the nation’s economy.
In his annual letter to Berkshire Hathaway shareholders, Buffett said he is sure housing will recover…
"We Rescue Underwater Homeowners”…Continue
Existing-home sales rose 4.3 percent in January to a seasonally adjusted annual rate of 4.57 million, marking the third gain for home sales in the last four months, the National Association of REALTORS® reports.
“The uptrend in home sales is in line with all of the underlying fundamentals – pent-up…Continue
Added by GLOZAL on February 25, 2012 at 11:43am — No Comments
Lenders are allowing more short sales by financially strapped homeowners and a few people are even getting cash to complete the sale.
Short sales have been increasing for months, but the financial incentives – which Realtors say are random and infrequent – are a newer…
More than 4 million homes have been lost to foreclosure in the last six years, and many of those former home owners are now starting to ask: When can…Continue
Fla. RE licensees slow to renew with DBPR
ORLANDO, Fla. – Feb 22, 2012 – According…Continue
Added by GLOZAL on February 23, 2012 at 9:44am — No Comments
Chase announced it will donate at least 100 homes it owns to wounded military veterans as part of a program operated by a national nonprofit group known as Operation Homefront.
Eligible military families must be on active duty, not currently own a home, and be financially capable of taking on…Continue
Chicago continues to hold on to the top-spot in January as the most widely searched housing market at Realtor.com. The following are the top searched housing markets from last month, according to Realtor.com data of 146 metro areas.…Continue
Added by GLOZAL on February 21, 2012 at 6:24pm — No Comments
The healthier job market that’s lifted the U.S. economy in recent months shows no signs of slowing.
Applications for unemployment benefits are near a four-year low, raising expectations of further hiring gains. The news Thursday helped lift the Dow Jones industrial average to its highest close…
The government's program to turn foreclosed Fannie Mae, Freddie Mac and Federal Housing Administration properties into rentals "is here to stay," according to housing analysts at Morgan Stanley. One of the greatest effects of it, the…Continue
Housing affordability rose to a record high during the fourth quarter of 2011, which means a home buyer’s purchasing power is greater than it ever has been before, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index.
The index showed that 75.9 percent of all…Continue
ForSaleByOwner.com founder and former chief operating officer Colby Sambrotto made headlines in August 2011 when he hired a real estate broker to sell his Manhattan condo. Now he’s working to bridge the gap between FSBOs and real estate pros with his most recent online venture,…Continue
A $25 billion mortgage settlement announced between major banks and state and government officials is supposed to bring aid to troubled home owners, but it could also bring a wave of new foreclosures, CNNMoney reports.
During the yearlong negotiations, some banks slowed down repossessing homes, and…Continue
More people are flocking to the South, according to a list from Penske Truck Rental on the top moving destinations from last year.
Atlanta once again tops the list, which was compiled through online consumer truck rental reservations by Penske from 2011.
“As this list indicates, U.S.…Continue
Top-earning real estate agents -- those who take in $100,000 or more per year -- tend to work more hours, close more transactions, favor Apple devices, spend more on marketing and technology, have higher commission splits, and update their websites and social media accounts more often than agents earning between…Continue
More banks are offering home owners incentives to sell their houses in a short sale to prevent a costly foreclosure to the bank. In fact, some banks are offering struggling home owners as much as $35,000 to do a short sale, according to an article at CNNMoney.
Many home owners have been…Continue
Florida cities are expected to see some of the biggest recoveries in housing prices in the coming months, according to a new report by Realtor.com that reveals the top turnaround towns. In fact, the signs are already there with drops in inventories and distressed homes, as well as higher listing prices and…Continue
A home sale can be difficult in the best of times, but troubles are compounded when the transaction involves divorcing sellers.
Some Realtors have made a niche for themselves by obtaining professional certification as a divorce real estate expert. As part of their training these agents know…