Fed To Stop Buying MBS
Federal Reserve is committed to keeping interest rates low, though it will stop buying mortgage-backed securities at the end of March.
Categories: Realtor News
In NYC, No Guarantees Against Bedbugs
New York buyers concerned about infestations would be better off examining a building's extermination program than singling out a specific pest, says attorney.
Categories: Realtor News
Midsize Cities Draw Immigrants
Nashville, Tenn., and Bakersfield, Calif, saw large increases in foreign-born residents, while traditional gateways like New York and Los Angeles saw immigration fall over the last decade.
Categories: Realtor News
Mortgage Volume Falls Despite Favorable Rates
Loan activity slipped 1.9 percent last week, though 30-year fixed rate mortgages were below 5 percent, according to the Mortgage Bankers Association.
Categories: Realtor News
Sam Zell: Recovery Is Underway
The billionaire real estate investor says markets should be noticeably stronger next year, though the commercial sector will struggle longer.
Categories: Realtor News
Tips for Boomers: Benefits of Downsizing
For those approaching retirement, there are issues to think about, beyond the tax credit, before making the move.
Categories: Realtor News
Analysts Say Rates Should Remain Low
Representatives from Credit Suisse and FTN Financial Capital Markets predict that rates will remain between 5 and 5.25 percent for 2010.
Categories: Realtor News
BoA Reports Rising Loan Modifications
In response to government pressure to restructure underwater mortgages, Bank of America reports that as of the end of February, it has modified 20,666 loans.
Categories: Realtor News
ERA Looking to Make a Community Connection
ERA Real Estate is planning a rebranding campaign that will launch this spring, introducing the new tag line: 'A Smarter Community.'
Categories: Realtor News
Home Builder Sentiment Slips
The monthly survey by the National Association of Home Builders reports that member confidence index is down two points.
Categories: Realtor News
Housing Market Still Healthy in Canada
While touring the U.S., Canadian Finance Minister Jim Flaherty says his country has escaped the housing bubble.
Categories: Realtor News
New Housing Starts and Permits Decline
Though new-home construction levels are higher than they were a year ago, both new housing starts and building permits fell in February.
Categories: Realtor News
Builders Say Business Is on the Upswing
Stephen East of Ticonderoga Securities reports that spring is keeping builders busy across the country.
Categories: Realtor News
Housing Experts Say Real Estate is Recovering
Analysts believe that an increase in jobs and available credit have helped start the housing recovery.
Categories: Realtor News
How Will States Reduce the Foreclosure Impact?
The states with the highest foreclosure rate have six weeks to decide how they will spend federal money to help the housing market.
Categories: Realtor News
Is Now a Good Time to Buy?
In terms of real estate as an investment, analysts say now might not be the best time to buy in certain areas.
Categories: Realtor News
Mortgage Fraud Declines
A report by First American CoreLogic shares that loan fraud has decreased from a high in 2007.
Categories: Realtor News
When Will the Fed Raise Interest Rates?
At this week's meeting, the Fed will give clues as to how long they will keep rates at historic lows.
Categories: Realtor News
FHA Head: Don't Raise Down Payments
FHA Commissioner David Stevens said if the mandatory down payment for an FHA loan is raised from 3.5 percent to 5 percent, the organization will probably insure 300,000 fewer homes every year.
Categories: Realtor News
Funding for Low-Income Housing Pays Off
Housing development programs managed by the Federal Home Loan Bank of Atlanta produced a number of economic benefits, according to a new study.
Categories: Realtor News