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Despite Rising Mortgage Rates, Housing Remains a Positive Contributor
July 22, 2013 Economy Poised for a Stronger Second Half of 2013 Despite Rising Mortgage Rates, Housing Remains a Positive Contributor Pete Bakel 202-752-2034 WASHINGTON, DC – The ongoing housing recovery coupled with improvement in both consumer Read More...
Feds Target Bid-Rigging Scams at Foreclosure Auctions
Federal investigators are cracking down on foreclosure auction scams, where real estate speculators illegally try to fix the bidding process on properties. The cases mostly center in northern and central California, but bid-rigging schemes have also been Read More...
Fannie Mae/Freddie Mac to Limit Loan Purchases
Mortgage Giants to Limit Loan Purchases to 'Qualified Mortgages' Daily Real Estate News | Tuesday, May 07, 2013 --> Mortgage giants Fannie Mae and Freddie Mac will begin next year to purchase only loans that meet new “qualified mortgage” Read More...
Mortgage Delinquencies Fall to 2007 Lows
Daily Real Estate News | Tuesday, May 07, 2013 --> Delinquencies on home loans dropped in March to 0.84 percent of the nation's 50.2 million mortgages -- the first month since 2007 that delinquencies were below the 1 percent mark, Lender Processing Read More...
Will the Presidential Election Affect Real Estate?
Daily Real Estate News | Wednesday, September 05, 2012 --> The next president of the United States -- whether Democratic incumbent Barack Obama or Republican challenger Mitt Romney -- could have a big influence over the recovery taking shape in the real Read More...
2011-12 Cost vs. Value: Big-Bang Remodeling Projects
Find out which remodeling projects will provide the biggest bang for your buck this year, according to Remodeling magazine. March 2012 | By Erica Christoffer --> Optimizing the use of space in a home will not only attract buyers but also give sellers Read More...
December Existing-Home Sales Show Uptrend
Daily Real Estate News | Friday, January 20, 2012 --> Existing-home sales continued on an uptrend in December, rising for three consecutive months and remaining above where they were a year ago, according to the National Association of REALTORS®. Read More...
12 Housing Markets Seeing the Biggest Turnarounds
Daily Real Estate News | Monday, September 12, 2011 --> The National Association of Home Builders is debuting a new economic index that highlights metro areas that are seeing the most improvement in their housing markets. The First American Improving Read More...
Green Mortgages Allow More Options for Upgrades
Daily Real Estate News | Monday, September 12, 2011 --> With the growth of green building the last decade, green lending has emerged to help finance those often costly “green” upgrades. Dave Porter, with PorterWorks in Stanton, Wash., who Read More...
Traverse City MLS Market Summary 2011 YTD
Statistics for: Class=SF, VL, CM, MF AND Status=ACT'SLD'PND AND Date Range=01/01/2011-04/30/2011 AND Area=1, 2, 3, 4, 5 AND Board=-1; As Of: 4/26/2011 Active Price Range Number of Listings Average Days On Market 0$ - $19,999 1,102 528 $20,000 Read More...
Mortgage Delinquencies Continue to Decline
Mortgages for single-family homes that are 90 days or more delinquent declined for the third consecutive month in February, Freddie Mac reports. Delinquencies on single-family homes dropped to 3.78 percent in February from 3.82 percent in January. What’s Read More...
What Is a 'Safe' Mortgage?
Later this month, the Federal Deposit Insurance Corp. will consider new rules that define what a safe or “qualified” residential mortgage is as part of the Dodd-Frank financial overhaul law. Experts say the classification will likely have Read More...
FSBOs Vanish, Sellers Turn to Real Estate Pros
For-sale-by-owners are rare nowadays. In fact, the number of FSBOs dropped to record lows over the past year. Unrepresented sellers make up just 11 percent of the market, down from 13 percent in 2009, according to the 2010 National Association of REALTORS® Read More...
Bank of America delays foreclosures in 23 States
WASHINGTON -- Bank of America is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners without reading the documents. The move adds the nation's largest bank to a growing list of mortgage Read More...
Short Sales Tips for Sellers
If you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't Read More...
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