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US Department of Housing and Urban Development Releases Latest Version of Shopping For Your Home Loan
HUD Booklet advises real estate buyers to search for an agent who will represent their interests in real estate transaction In its first revision in over 10 years, the US Department of Housing and Urban Development (HUD) advises home buyers that it is their responsibility to search for a real estate agent that will represent their [...]
Continue reading...Mortgage Rates Rise for the Fourth Consecutive Week
25. December 2009
The average conforming 30-year fixed mortgage increased this week to 5.24 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.45 discount and origination points. The average 15-year fixed mortgage moved higher, to 4.62 percent while the larger jumbo 30-year fixed rate inched upward to 6.16 percent. Adjustable rate [...]
Continue reading...Experts Say Commercial Property Woes Only Beginning
22. December 2009
While Commercial Real Estate Continues to Crash, One Company Seeks to Relieve Commercial Property Owners According to industry experts, the commercial real estate market (which includes shopping centers, strip malls, apartment buildings, office buildings and warehouses) is due to suffer the same fate as the recent collapse of the housing market only worse. Commercial research provider [...]
Continue reading...Home Buyers Use Text Messaging To Receive New Foreclosure Listings On Their Cell Phones
18. December 2009
LAForeclosureFinders.com Uses iVisionMobile.com Text Messaging Software To Deliver Foreclosure Listing Information To Prospective Home Buyers’ Cell Phones A real estate company focusing on San Fernando Valley foreclosures and short sales, announced today that it has started using text messaging software to communicate with prospective real estate buyers and push new foreclosure listings to their mobile phones. [...]
Continue reading...Economic Stimulus and Low Rates Tempt Buyers to Bite Into the Housing Market - Chew on This Mortgage Expert’s Advice First
5. December 2009
For many homebuyers and homeowners, historically low rates and the new tax incentives on real estate in the government’s economic stimulus bill are like manna from heaven. But if you’re a first-time buyer or looking to refinance your existing home, here’s something you should chew on first: the latest book by mortgage expert Dale Vermillion, [...]
Continue reading...Bankrate: Mortgage Rates Set New Record Low
27. November 2009
The average conforming 30-year fixed mortgage rate fell to 5.00 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.44 discount and origination points. The average 15-year fixed mortgage was down to 4.47 percent while the larger jumbo 30-year fixed rate rose to 6.03 percent. Adjustable rate mortgages decreased [...]
Continue reading...Affordable Prices Draw Investors to Real Estate
12. November 2009
Affordable prices and foreclosures are attracting investors to the real estate markets today, and the number of consumers interested in investing in real estate has doubled since March 2009, according to the new Move.com Homeownership Survey released today. Low prices and foreclosure bargains have also become the most important reasons motivating buyers today to purchase [...]
Continue reading...Mortgage Rates Post Mixed Results
30. October 2009
The average conforming 30-year fixed mortgage rate inched higher to 5.35 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.37 discount and origination points. The average 15-year fixed mortgage was also up slightly to 4.74 percent while the larger jumbo 30-year fixed rate sank to 6.40 percent. Adjustable [...]
Continue reading...Houston Real Estate Market Recovered Despite Rising Unemployment
28. October 2009
Movoto is reporting that housing prices in Houston real estate have risen significantly in 2009, despite the alarming nation-wide increase in the unemployment rate. The national rate of unemployment reached 9.8% in September 2009. Although the cities of both Houston and Dallas have a lower unemployment rate than the national average, each city has still seen [...]
Continue reading...Qualified Home Buyers Rejected for Questioning Their Credit
26. October 2009
If consumers question a credit account, it could cause them to be refused a mortgage loan even though they meet all other loan requirements, according to credit expert Eddie Johansson, president of Credit Security Group. Johansson suspects this is a result of confusion about how to interpret and implement a new policy by Fannie Mae, the [...]
Continue reading...Illinois Home Sales Show First Increase in Over Three Years
23. October 2009
Statewide Illinois home sales increased year-over-year in the month of September for the first time since March 2006 with first-time real estate buyers driving the rebound in sales. According to the Illinois Association of REALTORS’(R) latest report, statewide total home sales (which include single-family and condominiums) in September 2009 reached 10,350 homes sold, up 3.3 percent [...]
Continue reading...Foreclosure Deals’ Widgets: An Excellent Resource for Real Estate Pros
21. October 2009
What’s a widget? Foreclosure Deals announces some new features - its new widgets - created for easy and up-to-date foreclosure database access and mortgage rate information. “Widgets are a great way to build a user’s knowledge of the material on your Web site,” James Foxx, real estate expert with Foreclosure Deals, explains. “Foreclosure Deals offers a [...]
Continue reading...New Model for Chinese Real Estate Developers: Fast-turn Around
19. October 2009
Evergrande Real Estate, seeking accelerated growth, sold 4.537 million sqm of floor space during the first three quarters of this year, with sales revenue of RMB23 billion, a year-over- year increase surpassing 150 percent. During the third quarter, the developer sold 2.303 million sqm of floor space, with sales revenue reaching RMB12.33 billion. As such, the [...]
Continue reading...Jumbo Mortgage Rates Jump
21. September 2009
The average conforming 30-year fixed mortgage rate fell to 5.38 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.32 discount and origination points. The average 15-year fixed also retreated, dropping to 4.72 percent, but the larger jumbo 30-year fixed mortgage rate climbed to 6.6 percent. Adjustable rate mortgages [...]
Continue reading...Fraser Forbes Real Estate Services Announces New Financing Entity
16. September 2009
Fraser Forbes Real Estate Services and Stirling Realty Advisors, LLC are pleased to announce the formation of Fraser Forbes Stirling LLC, a strategic alliance between the two firms. The company will provide project level and programmatic equity and debt financing as well as merger and acquisition advisory services to clients primarily engaged in the acquisition and [...]
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4. January 2010
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