5/23/2012 5:37:00 PM
FHA Weighs Rule Reversal, Boon for Condo Sales?
The Federal Housing Administration is reportedly considering revising rules that many in the real estate industry have called overly strict and that have left many condo units ineligible for FHA’s low-downpayment mortgages. For example, one sticking ...
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5/23/2012 5:35:00 PM
April Existing-Home Sales, Prices Up
Existing-home sales rose in April and remain above a year ago, while home prices continued to rise, according to the National Association of REALTORS®. The improvements in sales and prices were broad based across all regions. Total existing-home sales, ...
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5/23/2012 5:33:00 PM
George Lucas Strikes Back on Housing Plan for Ranch
Star Wars filmmaker George Lucas is giving up his 25-year fight with residents in Marin County, Calif., over developing his ranch into a digital media production studio. Instead, he now wants to sell the land and have it turned into a low-income housing project. ...
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5/23/2012 5:30:00 PM
Sellers More Willing to Work on Buyer Appeal
Home sellers are more willing to make changes to their home to make it more competitive in the market and more attractive to potential buyers, according to a new survey by Coldwell Banker Real Estate of 700 of its agents nationwide. So what are sellers willing ...
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5/23/2012 5:28:00 PM
What May Delay Some Housing Markets' Recovery
--> The difference in how states handle foreclosures may determine how quickly their housing markets make a full recovery, according to a new report by Capital Economics. States with nonjudicial foreclosure markets — where foreclosures can be approved ...
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5/23/2012 5:27:00 PM
5 Places Where Prices Are Expected to Rise Most
Housing markets that have seen some of the biggest drop in home prices since the housing peak are now poised for recovery in the next two years, according to a new report by Fiserv. The bargains in these cities are attracting buyer attention and expected to ...
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5/16/2012 8:10:00 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 made ...
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5/16/2012 8:08:00 PM
Double-Digit Price Increases Coming Soon?
Home buyers and sellers need to get ready to pounce. Hard-hit housing markets are on the road to recovery and expected to see major price gains soon. Some of the hardest-hit markets during the housing crisis — plagued by soaring foreclosures and plummeting ...
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5/16/2012 8:05:00 PM
How Low Will Mortgage Rates Go?
For the second consecutive week, fixed-rate mortgages reached new all-time records lows, offering another big boost to home buyer affordability. The 30-year fixed-rate mortgage averaged 3.83 percent for the week ending May 10, posting a new record low from ...
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5/16/2012 8:01:00 PM
The Cost of Getting a Loan is on the Rise
Closing costs for a mortgage averaged $4,143 last year, which is 12.4 percent higher than in 2010, Bankrate.com reports. Despite record low mortgage rates, borrowers are finding the cost of getting a loan is on the rise. Origination fees have posted some of ...
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