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Saturday, April 21, 2012 8:04 PM

Mortgage Rates Inch Up for the Week

After reaching or hovering near all-time lows last week, fixed-rate mortgages edged up slightly during the week, Freddie Mac reports in its weekly mortgage market survey. The 5-year adjustable-rate mortgage, however, hit a new all-time low of 2.78 percent
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Thursday, February 16, 2012 11:19 AM

Fed Chair Says 'Normal Lending' Key to Recovery

The Federal Reserve’s monetary policy and efforts to keep interest rates low have contributed to increased housing affordability. However, those strategies have not yet had the desired effect of stimulating the economy into a full recovery as banks
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Sunday, January 22, 2012 6:53 PM

Existing-home sales continued on an uptrend

Existing-home sales continued on an uptrend in December, rising for three consecutive months and remaining above where they were a year ago, according to the National Association of REALTORS®. The latest monthly data shows total existing-home sales
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Tuesday, December 13, 2011 2:03 PM

Foreclosure Alert: Banks Clearly Preparing For REO Avalanche

It is not unusual to see foreclosures slow for the holidays, and the this year is no exception. Foreclosure starts were up slightly in Nevada and Washington, but the increases were insignificant given the recent declines in those states due to legislative
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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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Tuesday, September 20, 2011 11:52 AM

Underwater Borrowers Hold Back Sales

Declines in home values have pushed a high number of home owners to be “underwater,” in which borrowers owe more on their properties than they are current worth, and it’s hampering home sales, according to new data by CoreLogic. About
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Sunday, July 10, 2011 8:09 PM

Fastest Way to Sell a Home? Underprice By 10%

Home sellers probably won’t be too happy, but housing experts in an article at CNNMoney say that underpricing a home by 10 percent may help it sell faster. And while sellers may lose out on thousands from the sale, they likely will avoid months
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Sunday, July 10, 2011 8:07 PM

Second Chance for Owners Who Lost Homes

More than 2 million home owners who were foreclosed on or were in the process of a foreclosure during 2009 or 2010 can now ask for a review of their case, banking regulators announced this week. The move is to help identify home owners who may have been
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Thursday, April 07, 2011 12:11 PM

Revamped Foreclosure Procedures Coming Soon

The country’s top mortgage servicers have reportedly reached an agreement on changes to their foreclosure procedures. The consent agreement has not yet been made public, but The New York Times was able to get a preview of what the agreement contains
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Saturday, April 02, 2011 11:10 AM

Housing Shortage on the Horizon?

Mike Castleman, founder and CEO of Metrostudy, which tracks real-time data of the country’s inventory of new homes, says a housing shortage is looming that will soon will create a huge surge in demand for new homes. As such, now is the time to buy,
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Wednesday, March 09, 2011 5:42 PM

Mortgage Purchase Activity at Highest of Year

Mortgage applications for purchases rose to their highest level of the year last week, the Mortgage Bankers Association reports. Purchase applications for mortgages increased 12.5 percent from one week earlier, and on an unadjusted basis, purchase application
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Tuesday, February 22, 2011 2:35 PM

After a short sale or a foreclosure, will there be taxes owed on the ‘forgiven debt’?

Consult your CPA for more details, but the bottom line is: most homeowners will not owe tax on the forgiven amount. Prior to the Mortgage Forgiveness Debt Relief Act (HR3648), homeowners of primary residences were subject to a “Phantom Tax”
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Friday, January 21, 2011 12:20 PM

December Existing-Home Sales Jump

Existing-home sales rose sharply in December, when sales increased for the fifth time in the past six months, according to the National Association of REALTORS ® . Existing-home sales , which are completed transactions that include single-family,
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Monday, December 27, 2010 2:53 PM

A Year of Contrasts in Real Estate

This has been a year of real estate contrasts: While many consumers have taken advantage of historic buying opportunities and the market has seen a gradual stabilization of sales and prices, other challenges facing the nation have led some to question
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Saturday, December 25, 2010 2:26 PM

2011's Strongest and Weakest Markets

Home prices are expected to rise in 40 percent of major metropolitan areas, according to Veros Real Estate Solutions, a research firm that provides information to the mortgage industry. The markets Veros expects to be strongest are: 1. San Diego/Carlsbad/San
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