Real Estate News

April 17, 2010

  • Home Prices Drop for Seventh Straight Month

    Home Prices Drop for Seventh Straight Month
    Integrated Asset Services, LLC (IAS) reported recently that its benchmark for national house prices fell 0.6 percent in February. The drop marked the seventh straight monthly decline reported by the collateral valuation firm and pushed its home price gauge to April 2004 levels.
    With the February decline, the IAS360 House [...]

April 10, 2010

  • Homeowner Aid Expanded

    Homeowner Aid Expanded
    The Obama administration announced programs to help U.S. homeowners avoid foreclosure, including subsidies for borrowers who owe more than their home is worth.
    The plan expands Treasury Department and Federal Housing Administration efforts and uses funds from the $700 billion Troubled Asset Relief Program. The administration faced a week of criticism from lawmakers and [...]

April 8, 2010

  • Residential Construction Spending Up Slightly

    Residential Construction Spending Up Slightly
    The U.S. Census Bureau recently released their February read of construction spending showing a continued slowing of the government’s tax-carrot fueled bounce in residential construction spending while indicating continued weakness to non-residential construction spending.
    Even with the governments tax-credit gimmick, residential construction spending is still 3.85% below the level seen last year [...]

April 3, 2010

  • New Legislation Introduced to Remove Marriage Penalty

    New Legislation Introduced to Remove Marriage Penalty
    Legislation was recently introduced by Representative Eliot Engel (D-NY17) that would amend the Internal Revenue Code of 1986 eliminating the so called “marriage penalty” from the Home Buyer Tax Credit.
    The current guidelines require both spouses to have the same exact ownership history in order to claim the tax credit, [...]

April 1, 2010

March 22, 2010

  • Pending Home Sales Down - Severe Weather To Blame

    Pending Home Sales Down - Severe Weather To Blame
    Pending home sales are down and additional declines are expected from abnormal weather conditions, according to the National Association of Realtors®.
    Moreover, the abnormally severe and prolonged winter weather, which affected large regions of the U.S., hampered shopping activity in February.
    The Pending Home Sales Index, a forward-looking indicator [...]

March 9, 2010

  • Struggling Refinance Program Extended

    Struggling Refinance Program Extended
    The Obama administration recently announced that borrowers with little or no equity in their homes will have yet another year to take advantage of a refinancing program that so far has made little progress.
    The initiative, known as Home Affordable Refinance Program (HARP), was set to expire in June. But, so far, it [...]

March 4, 2010

  • Federal Home Buying Support Still Wanted

    Federal Home Buying Support Still Wanted
    According to a new poll by the National Association of Home Builders (NAHB), Americans remain strongly committed to federal support for home buyers.
    Roughly 68 percent of those polled said the government should continue to support housing, and 65 percent believe the government should be doing more to keep families from [...]

March 1, 2010

February 20, 2010

  • Foreclosure Activity Declines in January

    Foreclosure Activity Declines in January
    A total of 315,716 U.S. homes were mired in the foreclosure process in January, a 10% decline from foreclosure activity measured in December.
    That number is still 15% above the level of foreclosure activity reported in January 2009. The report shows that one in every 409 U.S. housing units last month received [...]

February 19, 2010

  • The Government Wants out of the Housing Market

    The Government Wants out of the Housing Market
    The US federal government is looking to get out of the housing market whether we are prepared for it or not. Actually, the scheduled date of the fed pull out has been narrowed down to be within a few months time.
    By this happening there will be an increase [...]

February 16, 2010

  • 7.2 Million U.S. Homes Now Behind on Payments

    7.2 Million U.S. Homes Now Behind on Payments
    According to the latest January 2010 Mortgage Monitor Report by Lender Processing Services, home loan delinquency rates in the U.S. have now surpassed 10 percent. Factoring in foreclosures in process, the total non-current rate sits at 13.3 %.
    When extrapolated to reflect the entire mortgage industry, this rate indicates [...]

February 14, 2010

  • New Proposals to Protect Homeowners

    New Proposals to Protect Homeowners
    The federal government is proposing new steps to try to protect people who may be struggling with their mortgage payments.
    According to a recent announcement from the Federal Trade Commission, it has proposed a rule that would prohibit companies from charging up-front fees for mortgage modification services. Under the proposal, companies would [...]

February 8, 2010

  • Pending Home Sales Showing Improvement

    Pending Home Sales Showing Improvement
    Recent data finds that pending home sales are holding steady over the past couple of months, while indicating that market conditions have improved considerably since the height of the recession.
    According to the National Association of Realtors, its pending home sales index increased to 96.6 in December, marking a 1 percent improvement [...]

February 1, 2010

January 29, 2010

  • Home Price Reductions Drop Again

    Home Price Reductions Drop Again
    According to a report released by Trulia.com, 21 percent of the homes for sale as of January 1, 2010 have experienced at least one price cut. This makes the second consecutive month that price reduction levels have decreased and the lowest level since Trulia started tracking price reductions in April 2009.
    The [...]

January 28, 2010

  • New Home Construction Cooled by Winter Weather

    New Home Construction Cooled by Winter Weather
    Ice storms in the Midwest, blizzards in the nation’s capitol and northeast, and a wet El Nino weather pattern out west has brought some wild winter weather across the United States. This arctic chill explains why building construction has been falling this winter.
    According to the Commerce Department, new home [...]

January 18, 2010

  • Fewer Homes on the Market in December

    Fewer Homes on the Market in December
    According to a report issued by ZipRealty there were 17,741 fewer homes listed for sale in December with reduced prices which represents a decline of 7.1 percent compared to November. This data is from a monthly survey of Multiple Listing Services (MLS) in 27 major U.S. markets conducted by [...]

January 9, 2010

  • Real Estate Investors Returning to the Market

    Real Estate Investors Returning to the Market
    Savvy investors are always the first to jump in a potentially profitable housing market and a new survey indicates things are heating up.
    More than 12 percent of homebuyers today plan to purchase a home as an investment, compared to less than half, only 5.6 percent, just seven months ago, [...]

January 1, 2010

« Previous Page • Next Page »
Copyright © 2007-  Brant Meadows - Home Hunters Realty, Inc. - All Rights Reserved