Crediting the home buyer tax credit, the National Association of Realtors (NAR), said they believe the outlook for housing and the economy appears to be headed for a sustainable recovery, and these projections were enhanced by the tax credit expansion to more home buyers through the middle of 2010.
Read More »Difficulties in Commercial Real Estate Market Related to Unemployment
During CoreNet Global Chicago'S monthly luncheon, experts discussed the future of the commercial real estate market.
Read More »Refinancing Borrowers Choose Fixed-Rate Mortgages: Freddie Mac
In findings announced Thursday by Freddie Mac, an overwhelming majority of borrowers refinancing in the third quarter of 2009 chose fixed-rate loans, with many choosing this over their original adjustable-rate mortgage (ARM).
Read More »Over 25 Percent of Homes See Price Reduction: Report
Home prices are continuing to fall, and many metropolitan areas are seeing price reductions three times greater than the national average.
Read More »New Partnership Offers REO Solutions to Banks
In an effort to help banks across the nation reduce REO properties, Conexxus, LLC, headquartered in Birmingham, Alabama and TPI Integrated Solutions, LLC (TIS), based in Louisville, Kentucky, have joined forces.
Read More »Low-Cost Foreclosures Attract Investors
The influx of foreclosed homes on the market is grabbing the attention of investors. According to a homeownership survey released Wednesday by Move.com, the number of consumers interested in investing in real estate has doubled since March 2009.
Read More »Long Island Home Sales Intensify
It's been a case of supply and demand in Long Island, where home prices are falling and sales are increasing.
Read More »Home, Condo Sales on the Rise in Florida
The third quarter of 2009 proved to be positive for home and condo sales in Florida. Compared to this year's second quarter, all of Florida's metropolitan statistical areas (MSAs) reporting increases existing home sales during the third quarter and 17 MSAs showing gains in existing condo sales during the third quarter.
Read More »Broker Sentenced to Prison for Mortgage Fraud
The sentencing for a mortgage fraud case in Houston, Texas was announced today by United States Attorney Tim Johnson. At a hearing Monday afternoon, United States District Judge Lynn N. Hughes sentenced Clarence Lewis III to 15 years in federal prison without parole for running a mortgage fraud scheme.
Read More »Agency Sees Effects of Homebuyer Tax Credit
StartingPoint Realty, Inc., a real estate agency in Chicago, Illinois, discovered that the first-time homebuyer tax credit proved to be a motivating factor in their client's decision to purchase a home.
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