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Wednesday, May 16, 2012 9:10 PM

Bernanke: Mortgages Still too Difficult to Get

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
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Wednesday, May 16, 2012 8:57 PM

Home Ownership Key to Elections, National Strategists Say

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,
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Wednesday, May 16, 2012 8:56 PM

Housing Affordability Reaches Records

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,
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Saturday, April 21, 2012 8:06 PM

March Existing-Home Sales Saw Decline, Lower Inventory, Stabilizing Prices

Existing-home sales dipped in March, but continued to outpace last year's levels. At the same time, inventory tightened and home prices showed further signs of stabilizing, according to the National Association of REALTORS®. Total existing-home
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Saturday, April 21, 2012 7:59 PM

Short Sales to Reach Record Numbers This Year?

Short sales are surging this year, and if the trend continues, they could reach record levels in 2012, RealtyTrac reports. Short-sale transactions are starting to outpace foreclosure sales, as more banks see it as a better option to curb high losses from
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Sunday, April 15, 2012 11:02 AM

Buyer Urgency Improves, More See Now Good Time to Buy

More home buyers may jump off the sidelines this spring as they get more urgent about purchasing a home, fearing that home price and mortgage rate increases are on the horizon. Housing surveys in recent weeks have shown that more Americans are seeing
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Thursday, March 29, 2012 3:20 PM

Mortgage applications for Federal Housing Administration loans soared

Mortgage applications for Federal Housing Administration loans soared 11 percent from the previous week as borrowers try to rush their applications in to beat the higher FHA costs that will start rolling out on Monday, according to the U.S. Mortgage Market
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Saturday, March 17, 2012 3:50 PM

5 Foreclosure Myths for 2012

1. There is going to be a flood of new foreclosures to the market. This rumor has appeared every year since 2008 and has been routinely debunked. However, recent announcements that the Feds reached a settlement over the robo-signing scandal have reignited
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Saturday, March 17, 2012 12:06 PM

Ban on Private Transfer Fee a Big Win for Buyers

Efforts by NAR and others to curtail private transfer fees got a big boost yesterday with publication of a final rule by the Federal Housing Finance Agency (FHFA) prohibiting the fees on mortgages handled by Fannie Mae, Freddie Mac, and the Federal Home
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Thursday, March 15, 2012 11:41 AM

FHA is raising the costs for a FHA mortgage

Ok, the good news is that the program still exists. Haha. FHA is raising the costs for a FHA mortgage. Effective April 9, the upfront fee is going to 1.75% and the monthly fee is increasing from 1.15 to 1.25. Also, Effective March 19,2012 HUD is suspending
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Sunday, February 19, 2012 8:39 PM

Foreclosures ticked up in January

Foreclosures ticked up in January nationwide as more banks continued to work through backlogs of defaulting mortgages on their books, RealtyTrac reports. For more than five years, Nevada has been the state leader with the highest rate of foreclosure filings
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Tuesday, December 27, 2011 10:12 AM

Record $88 Million Sale for NYC Condo

Russian billionaire Dmitriy Rybolovlev is reportedly paying the full asking price of $88 million for a New York City condo for his 22-year-old daughter, considered the highest individual transaction ever recorded in New York City, according to Forbes.
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Friday, December 16, 2011 12:52 PM

5 Things To Do NOW If You Want to Buy A Home In 2012

If you’re one of the millions who has an eye on 2012 as the year in which you’ll buy a home (first or not), here are five things you can do now to put yourself on the right path: 1. Check your credit. Take my word for it: there is no bad surprise
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Sunday, November 20, 2011 2:11 PM

Smaller Homes to Grow in Demand, Surveys Suggest

The square feet of new homes is expected to continue its decline in future years. The National Association of Home Builders predicts that U.S. houses will average 2,152 square feet in 2015, which will be down 10 percent compared to last year. Smaller
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Sunday, November 20, 2011 1:58 PM

Congress Restores FHA Loan Limits to NAR-Backed Levels

The U.S. House and Senate yesterday restored FHA loan limits to the level they were at before they were allowed to expire at the end of September. As a result, the limits will rise to 125 percent of the area median home price from 115 percent, up to a
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