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Home sales surged for the second month in a row in October, climbing to the highest level in 2 1/2 years as first-time buyers rushed to take advantage of an expiring tax credit . Home sales nationwide are now up nearly 36 percent from their bottom in January, ...[Read More]
House shopping usually slows down in the winter, as people put their home searches on hold to trim the tree, buy presents to put under it and avoid the chilly weather. This winter, however, might be different, thanks to the extended—and expanded—first-time ...[Read More]
Foreclosures were filed on 332,292 U.S. properties in October, a decrease of 3 percent from September, but still up nearly 19 percent from October 2008, according to foreclosure sales site RealtyTrac. October marks the third-straight month of declines ...[Read More]
Home sales will increase 15 percent to about 5.7 million units and REALTOR ® income will be up 20 percent in 2010, NAR Chief Economist Lawrence Yun told a packed room of REALTORS ® today in a residential economic update at the 2009 NAR Conference ...[Read More]
Bringing the Dream of Homeownership Within Reach As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that: Extends the First-Time Home Buyer Tax Credit of up ...[Read More]
716 COLONY PLACE Off West Metairie Ave between Transcontinental & Airline Pk Blvd AND West Metairie Ave & Airline Hwy Is neighborhood important to you? This 4 bedroom is located on a lovely high demand street near St. Martin's School. Lovely ...[Read More]
The rapidly increasing number of foreclosures is creating a shortage of attorneys knowledgeable about this legal specialty. About 86 percent of foreclosure victims didn't have legal counsel last year, according to the Brennan Center for Justice at ...[Read More]
The market for new homes is so weak that many builders aren’t building much of anything unless they have a signed contract. Inventories are at 7.5 months, their lowest since 1992, according to the National Association of Home Builders. Getting the ...[Read More]
Senate Banking Committee Chairman Chris Dodd (D-Conn.) says Senate Democrats have agreed to extend the first-time home buyer tax credit. The latest version extends the program to home sales signed — not closed — by April 30. Purchasers would ...[Read More]
The U.S. Treasury announced that 500,000 trial loan modifications have been completed under the Making Home Affordable program. Secretary Timothy Geithner said the number of trial workouts is rising faster than the number of homeowners nearing foreclosure. ...[Read More]
Extending the First-Time Home Buyer Tax Credit, due to expire at the end of November, is high on the Democratic Congressional to-do list, legislative aides said. After Wednesday’s meeting with President Obama and House Speaker Nancy Pelosi (D-Calif.), ...[Read More]
Young people just starting to invest and buying their first homes are potentially the winners in this recession. First-time homebuyers, most between the ages of 25 and 45, accounted for about 45 percent of home sales from January through July 2009, according ...[Read More]
American Forces Press Service WASHINGTON, Sept. 30, 2009 - Defense Department officials today announced the details for distributing $555 million available under the Homeowners Assistance Program. The program is part of the American Recovery and Reinvestment ...[Read More]
Fall maintenance is important because it helps make homes more energy efficient during the winter months, and will safeguard homes against potential seasonal 'disasters' such as leaking roofs or home fires caused by neglected chimneys. Here are ...[Read More]
Buyers who are under contract and hoping to close before Nov. 30 when the first-time home buyer credit expires should refrain from buying furniture and other things on credit. Lenders are running credit checks prior to closing day and any increase in credit ...[Read More]
The Obama administration has opened a dialogue with major lenders, economists, and government officials over the possibility of extending a financial lifeline to home owners who no longer can afford their mortgages because of job losses. Possible strategies ...[Read More]
Washington is being forced to take a hard look at the expiring $8,000 first-time homebuyer tax credit. Nearly a dozen bills have been proposed to extend the credit past the Nov. 30 deadline, but the top decision makers are just beginning to weigh in. On ...[Read More]
A Florida real estate consulting company specializing in mortgage forensic research, warns homeowners near or in foreclosure that legal violations are increasingly common in complex mortgages and urges them to examine their paperwork carefully. Consumer ...[Read More]
The National Association of REALTORS® is calling upon its 1.2 million members to urge Congress to extend the successful homebuyer tax credit into next year. Since its inception earlier this year, the $8,000 first-time homebuyer tax credit has brought ...[Read More]
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]
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