Browse by Tags
All Tags »
Market Conditions (RSS)
New sales of single-family homes soared to a seasonally adjusted annual rate of 369,000 in May, reaching their highest point since April 2010, according to the government. Sales were 7.6% above April's 343,000 rate and 19.8% above the 380,000 level
Read More...
Can housing upsize and downsize at the same time? Absolutely. Despite the sluggish real estate market, two age groups continue to be active: Younger buyers are bent on upsizing, while older empty-nesters are keen on downsizing. Here's who's buying
Read More...
Warm weather doesn’t always bring good news. An unusually toasty winter may have poached sales of previously owned homes from March, denying it the expected springtime boost. Consumers bought 2.6% fewer existing homes – pushing the seasonally
Read More...
While the pace of California home sales declined in March, the median home price in the state increased for the first time in 16 months. Sales of existing, single-family detached homes, seasonally adjusted, was 505,360 in March, a 4.5% drop from February
Read More...
FHA has financing for homeowners who are short selling their home and wants to repurchase another home after the short sale is approved and completed thru their current lender. There are a number of home owners who will qualify for this program by meeting
Read More...
Tracking the local real estate market is practically a hobby for Yetta Levitt of central Florida. And she has always bought and sold houses by owner, saving thousands in commissions. But even the formidable talents of Levitt were challenged by the merciless
Read More...
Mortgage rates tumbled to the lowest level in the history of Freddie Mac's weekly survey, with 30-year fixed-rate home loans being offered this week at an average 4.15%, down from last week's 4.32%. Freddie Mac said in its weekly report that loans
Read More...
House values continue to fall, so who cares if top loan limits drop accordingly? Well, agents and homebuilders care. Right now, about $729,000 is the biggest mortgage that will ‘conform’ to the cookie-cutter standards for the secondary market
Read More...
This post has been corrected. See the note at the bottom for details. A closely watched index of home prices in America’s largest cities ticked up in April over March, the first such improvement in eight months, though experts attributed the increase
Read More...
Amid mixed economic news, long-term mortgage rates are little changed for the fourth week in a row, with lenders offering 30-year fixed-rate home loans to solid borrowers at an average of 4.51%, according to the latest Freddie Mac survey. That compared
Read More...
The Federal Housing Administration is increasing its annual mortgage insurance premium one quarter of one point on all 15-year and 30-year mortgages backed by the agency. The hike is in response to a congressional mandate that gave the FHA permission
Read More...
Mortgage rates creep higher this week but the average cost of the mainstay 30-year fixed-rate home loan remains under 5% a year, Freddie Mac reports. Mortgage rates crept higher this week but the average cost of the mainstay 30-year fixed-rate home loan
Read More...
Rising interest rates have lifted fixed mortgage rates back to the levels of last spring, Freddie Mac said as 2010 wound down, with a reminder that judging by the past ,that's an impressive place to be. For the year as a whole, 30-year fixed mortgage
Read More...
Bank of America Corp. ended its freeze on foreclosures in 23 states earlier than some analysts had expected, but it is still reviewing its actions in California and 26 other states to make sure its attempts to seize homes complied with the states'
Read More...
The foreclosure paperwork debacle and the expiration of federal tax credits for buyers appears to be having some effect on the sale of bank-owned properties and otherwise distressed homes. Irvine-based RealtyTrac , a company that publishes listings of
Read More...