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  • FHA Closing Gap on Capital Shortfall

    Daily Real Estate News | Monday, December 16, 2013 --> A year ago, the Federal Housing Administration was projected to face a $16.3 billion shortfall, but the shortfall now has fallen to $1.3 billion, a new independent audit shows.  FHA received $1.7 billion in funds from the U.S. Treasury in September to help cover projected ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on December 16, 2013
  • Despite Rising Mortgage Rates, Housing Remains a Positive Contributor

    July 22, 2013Economy Poised for a Stronger Second Half of 2013Despite Rising Mortgage Rates, Housing Remains a Positive ContributorPete Bakel202-752-2034WASHINGTON, DC – The ongoing housing recovery coupled with improvement in both consumer confidence and the labor market are expected to boost economic growth in the second half of the year, ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on July 24, 2013
  • 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” requirements, the Federal Housing Finance Agency announced Monday. In January, the Consumer ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on May 7, 2013
  • 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 Services Inc. reports. First-time defaults -- loans that are at least 60 days delinquent -- ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on May 7, 2013
  • 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 estate market, according to political pundits. “The next president, whoever it turns out ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on September 6, 2012
  • 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 more bang for their buck, according to Remodeling’s “2011–12 Cost vs. Value ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on March 30, 2012
  • 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®. The latest monthly data shows total existing-home salesrose 5.0 percent to a seasonally adjusted ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on January 20, 2012
  • October Existing-Home Sales Rise

    Daily Real Estate News | Monday, November 21, 2011 --> Existing-home sales improved in October while the number of homes on the market continued to decline, according to the National Association of REALTORS®. Total existing-home sales — completed transactions that include single-family, townhomes, condominiums and co-ops — ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on November 22, 2011
  • 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 Markets Index reveals 12 metro areas that have seen a turnaround for at least six months ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on September 13, 2011
  • 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 provides continuing education courses on green lending to those in the real estate ...
    Posted to Traverse City Real Estate Blog (Weblog) by 193949 on September 13, 2011
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