Bernanke: Bursting Bubble Wasn't an Option
The Fed was unwilling to employ a strategy of raising interest rates following the financial meltdown, Bernanke said.
Categories: Realtor News
Fannie Warns Servicers About Foreclosures
Loan servicers that don't follow Fannie Mae's foreclosure schedule for their state will be fined, the organization says.
Categories: Realtor News
Fed Officials Call for More Housing Help
Federal Reserve officials said at a conference this week that more assistance for the housing sector is needed.
Categories: Realtor News
Home Opportunities With a Morbid Twist
Buyers looking for homes at a deep discount can find them, if they don't mind the fact that the previous residents were serial killers.
Categories: Realtor News
Mortgage Rates Fall Yet Again
How low can they go? Mortgage rates hit a new record low for the 10th time in 11 weeks, according to Freddie Mac.
Categories: Realtor News
States Target 'Homestead Exemption' Cheats
New York is among the states that have been aggressive in pursuing residents who claim to qualify for the homestead exemption in a lower-tax state.
Categories: Realtor News
Fed Governor: Turn REOs into Rentals
Elizabeth Duke, a Federal Reserve governor, advocates alternatives to sale for foreclosed homes, including renting out the properties.
Categories: Realtor News
HUD: Communities Get First Look at Properties
The federal government is pouring billions of dollars into distressed areas, creating opportunity as neighborhoods stabilize.
Categories: Realtor News
Investment Property: Four Considerations
A deal should make sense whether or not the property appreciates, an investor says.
Categories: Realtor News
July Pending Home Sales Show Rise
Contract signings for July are up 5.2 percent, indicating closings could also be heading up in the months ahead.
Categories: Realtor News
Michigan: Free Land in Exchange for Jobs
Companies are offered big incentives to put down roots and create jobs in a depressed area.
Categories: Realtor News
Most Home Buyers Have No Regrets
Findings from a survey show that fixed-rate mortgages are gaining in popularity.
Categories: Realtor News
Commercial Real Estate Yields Spur Investors
Capitalization rates averaged 7.22 percent in the second quarter, or 4.29 percentage points higher than the yield on 10-year government bonds.
Categories: Realtor News
Google Invests in Low-Income Housing
The Internet giant is spending $86 million on a tax-credit fund to finance the construction of 480 affordable housing units.
Categories: Realtor News
Housing Less Likely to Be Wealth Builder
The makets will stabilize, but some experts doubt that prices will rise faster than inflation.
Categories: Realtor News
Hyperlocal Focus Is Key to Market Domination
A multi-pronged approach including online and offline marketing plans and a six-month budget can help agents boost their share of the business.
Categories: Realtor News
Mortgage Applications Slip Slightly
The purchase index dropped 0.4 percent, but refinancings were up 2.8 percent last week as interest rates continue to fall, according to the Mortgage Bankers Association.
Categories: Realtor News
No Class-Action Status on Phony Appraisals
A U.S. District Court refused a request for class-action status in a suit by First American Corp. shareholders who said that the stock tanked when the company was charged with colluding with Washington Mutual to inflate appraisals.
Categories: Realtor News
Become a Distressed Property Specialist
Looking to master short sales and REOs? Get tips on how to tackle these tricky listings.
Categories: Realtor News
BlockShopper.com Looking to Expand
The daily news service, which details the real estate transactions of the rich and famous, adds more newspapers to its distribution list.
Categories: Realtor News