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Government Announces Short Sales Guidelines
Written on 2 Dec, 2009 at 19:47 in Blog | viewed 146 views times and users have made 0 comments so far
The U.S. Treasury Department announced new guidelines this week designed to make short sales go more smoothly. To qualify under these new guidelines: The property must be the home owner’s principal residence. The home owner must be delinquent on the... (Continue reading)
Nine Consecutive Gains for Pending Home Sales
Written on 2 Dec, 2009 at 9:46 in Blog | viewed 127 views times and users have made 0 comments so far
Pending home sales have risen for nine months in a row, a first for the series of the index since its inception in 2001, according to the NATIONAL ASSOCIATION OF REALTORS®. The Pending Home Sales Index, a forward-looking indicator based... (Continue reading)
Home prices climb for 2nd straight quarter
Written on 24 Nov, 2009 at 8:48 in Blog | viewed 157 views times and users have made 0 comments so far
NEW YORK (CNNMoney.com) — Home prices rose for the second consecutive quarter but remained nearly 9% lower than a year earlier, according to a housing market report issued Tuesday. Prices nationwide rose 3.1% in the three months ended Sept. 30,... (Continue reading)
Mortgage Delinquencies Are Still Rising, More Foreclosures to Come in 2010
Written on 18 Nov, 2009 at 18:30 in Blog | viewed 134 views times and users have made 0 comments so far
Mortgage delinquencies rose for the 11th straight month, reaching 6.25 percent in the third quarter from 3.96 percent a year earlier and 5.81 percent in the second quarter, according to the credit management company TransUnion. “Until the housing market can... (Continue reading)
Home Sales Drive the Recovery
Written on 16 Nov, 2009 at 14:47 in Blog | viewed 136 views times and users have made 0 comments so far
It’s been a long time coming, but thanks largely to strengthening housing markets, the country is pulling out of the recession. Existing-home sales rose 7.2 percent from June to July to post a seasonally adjusted annual rate of 5.24 million... (Continue reading)
Fannie Mae Announces Deed for Lease Program
Written on 11 Nov, 2009 at 18:36 in News | viewed 581 views times and users have made 0 comments so far
WASHINGTON, DC — Fannie Mae (FNM/NYSE) is implementing the Deed for Lease™ Program under which qualifying homeowners facing foreclosure will be able to remain in their homes by signing a lease in connection with the voluntary transfer of the property... (Continue reading)
$8,000 homebuyers tax credit extended
Written on 6 Nov, 2009 at 14:45 in Blog | viewed 140 views times and users have made 0 comments so far
President Obama reups popular tax credit through June 2010 and expands it to include people with higher incomes and some who want to trade up into new homes. NEW YORK (CNNMoney.com) — President Obama signed an extension and expansion of... (Continue reading)
Both Houses OK Tax Credit Extension, Expansion
Written on 5 Nov, 2009 at 21:46 in Blog | viewed 135 views times and users have made 0 comments so far
The House today and the Senate yesterday passed legislation to extend the $8,000 home buyer tax credit to May 1, 2010, for first-time buyers and add a $6,500 tax credit for repeat buyers if they’ve lived in their home for... (Continue reading)
Senate May Approve Tax Credit Wednesday
Written on 4 Nov, 2009 at 12:52 in Blog | viewed 170 views times and users have made 0 comments so far
The U.S. House and Senate are close to an agreement to extend the home buyer tax credit due to expire at the end of this month. The Senate is expected to vote Wednesday while the House could approve it later... (Continue reading)
Home sales contracts rise for 8th straight month
Written on 2 Nov, 2009 at 8:59 in Blog | viewed 125 views times and users have made 0 comments so far
Real estate rally attributed to first-time homebuyer tax credit that expires at the end of November. NEW YORK (CNNMoney.com) — The number of signed sales contracts to buy homes rose in September for the eighth straight month, according to a... (Continue reading)