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The Federal Housing Administration is reportedly considering revising rules that many in the real estate industry have called overly strict and that have left many condo units ineligible for FHA’s low-downpayment mortgages. For example, one sticking ...[Read More]
Existing-home sales rose in April and remain above a year ago, while home prices continued to rise, according to the National Association of REALTORS®. The improvements in sales and prices were broad based across all regions. Total existing-home sales, ...[Read More]
Star Wars filmmaker George Lucas is giving up his 25-year fight with residents in Marin County, Calif., over developing his ranch into a digital media production studio. Instead, he now wants to sell the land and have it turned into a low-income housing ...[Read More]
Home sellers are more willing to make changes to their home to make it more competitive in the market and more attractive to potential buyers, according to a new survey by Coldwell Banker Real Estate of 700 of its agents nationwide. So what are sellers ...[Read More]
--> The difference in how states handle foreclosures may determine how quickly their housing markets make a full recovery, according to a new report by Capital Economics. States with nonjudicial foreclosure markets — where foreclosures can be approved ...[Read More]
Housing markets that have seen some of the biggest drop in home prices since the housing peak are now poised for recovery in the next two years, according to a new report by Fiserv. The bargains in these cities are attracting buyer attention and expected ...[Read More]
Everyone wants to know. The questions that people ask me are: what’s happening to the housing market? Is it getting better? Are sales increasing? And, of course, the big question: Are prices going up? Everyone thinks that as soon as that guy/gal ...[Read More]
Even creditworthy borrowers are finding it difficult to get a mortgage nowadays and it’s unlikely banks will ease their standards anytime soon, Federal Reserve Chairman Ben Bernanke told a banking conference in Chicago Thursday. While banks have ...[Read More]
Home buyers and sellers need to get ready to pounce. Hard-hit housing markets are on the road to recovery and expected to see major price gains soon. Some of the hardest-hit markets during the housing crisis — plagued by soaring foreclosures and ...[Read More]
For the second consecutive week, fixed-rate mortgages reached new all-time records lows, offering another big boost to home buyer affordability. The 30-year fixed-rate mortgage averaged 3.83 percent for the week ending May 10, posting a new record low ...[Read More]
Closing costs for a mortgage averaged $4,143 last year, which is 12.4 percent higher than in 2010, Bankrate.com reports. Despite record low mortgage rates, borrowers are finding the cost of getting a loan is on the rise. Origination fees have posted some ...[Read More]
Protecting home ownership will be front and center in this year’s national elections, said top political strategists speaking with hundreds of REALTORS® Tuesday morning at the 2012 NAR Midyear Legislative Meetings & Trade Expo in Washington, ...[Read More]
Housing affordability conditions for all buyers reached a milestone in the first quarter, according to the National Association of REALTORS®. NAR’s composite quarterly Housing Affordability Index rose to a record high of 205.9 in first quarter, ...[Read More]
My buyer is looking for a horse farm with a barn with electricity and water, 4 board fencing, acreage 10-12 acres give or take a few, paddocks. The home needs to be nice, updated but not too large....2500 to 3000 square feet is probably ideal. A lake, ...[Read More]
Turnkey, that vacancy period when a rental property is being renovated or prepped for marketing, creates a potentially perilous situation for property managers. Indeed, depending on the terms of the management agreement, it could be a no-man’s-land, ...[Read More]
Think gardening is a thing of the past? Think again! More and more people are growing green thumbs lately, and modern gardeners span all ages. From retirees to undergrads, gardeners are sprouting up everywhere, and it's no surprise why - gardening ...[Read More]
Heritage Lake-4751 Vicksburg Ct is Sold This gorgeous home in Heritage Lake-New Port Richey-Florida is now SOLD. Heritage Lake is an over 55 neighborhood with a wonderful clubhouse and heated pool and spa. Well, doggone, you missed out on this one but ...[Read More]
2012 Home Sales in New Port Richey-FL - 1st Quarter The homes sales report is for New Port Richey- Florida and includes zip codes 34652, 34653, 34654, and 34655: the report shows upward movement in the sold category. For the first 3 months of 2012: 1003 ...[Read More]
One of the things that's wonderful about Facebook is that it helps you stay connected with some of your past and present friends and family. The problem is when Facebook takes over your life and you spend too much time on it. What I have found the ...[Read More]
With signs of a housing turnaround getting stronger, housing experts say buyers are finding several recent changes when they go to put in an offer on a home. A recent article at U.S. News & World Report highlights some of these changing “rules” ...[Read More]
Home buyers who want a bargain may want to act now because the housing market is in the midst of a turnaround, economists say. Home prices have fallen and mortgage rates are hovering near record lows, pushing home affordability for the average family to ...[Read More]
While many buyers may be swayed by the home’s appearance, financing, and location when choosing a home, housing experts say they often overlook other important factors that may keep them happy for years to come with their home purchase. A recent ...[Read More]
Wells Fargo, the nation’s largest lender for home loans, is continuing to grow its mortgage business, issuing a record 33.9 percent of mortgages in the first quarter. Other lenders now remain even further from reaching Wells Fargo’s mortgage ...[Read More]
Many housing experts for months have been warning a foreclosure wave would soon flood several markets throughout the country. But was it all a false alarm? Recent surveys have shown that foreclosure sales have dropped to their lowest point in more than ...[Read More]
For home buyers or refinancers, borrowing costs for home ownership just got a little cheaper as mortgage rates took another dip to new all-time record lows this week, Freddie Mac reports in its weekly mortgage market survey. "Signs of slowing economic ...[Read More]