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A year after the financial collapse of 2008, the housing market is very different than it was before the foreclosure crisis. Here are seven bits of wisdom from economists and financial planners for anyone contemplating a home purchase today: Old-fashioned ...[Read More]
Interest rates on home mortgages dropped this week, with the 30-year fixed-rate mortgage averaging 5.08%, according to Freddie Mac's weekly survey of conforming mortgages. The 30-year fixed-rate mortgage averaged 5.14% last week and 6.35% a year ago. ...[Read More]
September 10, 2009—(MCT)—Did you recently trade in that old clunker for a new car? OK, so how are you fixed for a new refrigerator? Or maybe a new dishwasher or heat pump? Brace yourself. A federal “cash for appliances” program ...[Read More]
Investors are returning as the real estate market recovers. BusinessWeek’s real estate guru Marc Roth points out these opportunities, which he says make sense if investors are willing to look over the property carefully and ask tough questions. Options ...[Read More]
Bills to extend the maximum $8,000 tax credit for first-time home buyers, which expires Nov. 30, are pending in both the U.S. House and the Senate. Sen. Christopher J. Dodd, a Connecticut Democrat and chairman of the Senate Banking, Housing, and Urban ...[Read More]
In Resilient Markets, Housing Values Rise Despite the seemingly endless news about falling home values, there are cities across the country where home prices are on the upswing. Using data from Zillow.com , BusinessWeek magazine identified the strongest ...[Read More]
When the Federal Reserve ends its meeting on Wednesday afternoon, it is almost certain to leave the key rate at or near zero and pledge to hold it there. That makes it likely mortgages will stay historically low and rates on home-equity and other consumer ...[Read More]
The 30-year fixed mortgage rate dropped to 5.22 percent during the week ended Aug. 6 from 5.25 percent the prior week, Freddie Mac reports. Over the same period, the 15-year fixed-mortgage rate slipped to 4.63 percent from 4.69 percent. As for adjustable-mortgage ...[Read More]
How to Get the First-Time Home Buyer Tax Credit Here's what you have to do to get your benefit: Close on your home purchase by November 30, 2009, Ensure that you are a qualified first-time buyer under IRS guidelines, Decide which year to file under, ...[Read More]
Washington, July 30, 2009 The following is a statement by National Association of Realtors® President Charles McMillan: “NAR would like to congratulate and thank Department of Housing and Urban Development Secretary Shaun Donovan and Federal ...[Read More]
Pending Home Sales Record Fourth Straight Monthly Gain Pending home sales show a sustained uptrend, rising for four consecutive months with very favorable housing affordability and a first-time buyer tax credit boosting activity, according to the latest ...[Read More]
Sellers have done even more remodeling and put this adorable home back on the market. 3 bedrooms plus large bonus room that could be used as a 4th bedroom with it's own entrance. Updated cosmetically & mechanically - Newer energy efficient heater ...[Read More]
Well, I've been inspired this evening, to write another blog. One thing I have learned is that I am not good at blogging consistently...although I will continue to try. The market seems to have picked up, I've gotten extremely busy...seems lots ...[Read More]
Lakeshore West, New Orleans - We invite everyone to visit our open house at 7323 Cameo Street on July 12 from 2:00 AM to 4:00 AM . Property information[Read More]
New homeowners deductible rules address multiple hurricanes by Ed Anderson, The Times-Picayune Thursday July 02, 2009, 9:53 PM BATON ROUGE -- Homeowners will have to wait until the 2010 hurricane season to take advantage of a new law that prohibits insurance ...[Read More]
(UPDATE) Tax Credit Being Used For Down Payment. Quick update on the $8,000 FHA Tax Credit Loans for down payment- the offer is off the table, for now, they took info off of website Now HUD has pulled/rescinded their Mortgagee Letter 9-15 which allowed ...[Read More]
Real Estate Improves in California Median prices for single-family homes in California have risen for the third straight month, reaching $267,570, up 4 percent from April, according to a report from the California Association of REALTORS®. The inventory ...[Read More]
Mortgage applications bounced back last week after nearly a month in the doldrums when the number of applications fell to a seven-month low. The market index compiled by the Mortgage Bankers Association rose 6.6 percent on a seasonally adjusted basis to ...[Read More]
Pending home sales rise 6.7 percent in April WASHINGTON - The number of U.S. homebuyers who agreed to purchase a previously occupied home in April posted the largest monthly jump in nearly eight years, a sign that sales are finally coming to life after ...[Read More]
Sales Are Up but Jam Persists for Jumbo Loans While sales to first-time home buyers are up, experts say the jumbo loan market is weak because trade-up buyers cannot secure affordable financing. "If you've ever wondered what the mortgage market ...[Read More]
I just moved last weekend. We didn't hire a moving company...we did it all ourselves, which I think most people do. I got to thinking...everyone I work with (who doesn't hire someone to do it for them) in this business goes through the exact same ...[Read More]
Real Estate Market Trends in Terrytown According to the latest Zillow Real Estate Market Reports, home values in Terrytown increased 16.5% in the first quarter of 2009, compared to the first quarter of 2008. Nationally, home values decreased 14.2% during ...[Read More]
Scores of home owners in Florida and a dozen other states are facing foreclosure and are blaming toxic Chinese drywall for forcing them from their residences and into rental properties. They're abandoning their mortgages to free up money for alternate ...[Read More]
I'm trying something new...blogging. I see a lot of folks are doing it, folks with things to say. I seem to always have something to say. If you've ever emailed me with a request on a home, or a question about real estate..I'm sure you've ...[Read More]
Check out our monthly newsletter for Real Estate Investors on the web site @ www.LeFleurDeLisRealty.com select the INVESTOR TOOLBOX button. Some very good information.[Read More]
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