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Home Owner News Archive


RE/MAX National Housing Report: Broad-based Housing Recovery in Full Swing

For the fourth month in a row, the RE/MAX National Housing Report is showing an increasing Median Home Price. In May, home prices were 6.1percent higher than those in May 2011. Home sales also rose above the mark set last year by a significant 12.8 percent. With 42 surveyed metros ...


3 Reasons Not to Refinance at Extra-Low Rates

(MCT)—Be on guard against those low, low mortgage rates — you may end up spending more by refinancing than if you had stuck with your current mortgage, even if your new interest rate would be under 3 or 4 percent financial planners warn. ...


U.S. Foreclosure Activity Increases 9 Percent in May

RealtyTrac®, a leading online marketplace for foreclosure properties, recently released its U.S. Foreclosure Market Report™ for May 2012, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions—were reported on 205,990 U.S. properties in May, an increase of 9 percent from April but still down 4 percent from ...


Average Fixed Mortgage Rates Reverse Course

Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates ending their six week streak of record-setting lows. Regardless, mortgage rates still remain near the historic lows helping to keep homebuyer affordability high, and providing a strong incentive for those looking to ...


80 Metros Listed as Improving Housing Markets in June

The list of U.S. housing markets showing measurable and sustained improvement now includes 80 metropolitan areas, according to the National Association of Home Builders/First American Improving Markets Index (IMI) for June, released recently. Though down from the 100 markets shown ...


Fed Says: Family Incomes Down in Recent Years

(MCT)—A survey of U.S. family finances released by the Federal Reserve documents in painful detail just how deeply the Great Recession and its aftermath has been felt in family budgets across America. ...


Is the Housing Collapse Over?

April may not be the cruelest month, at least when it comes to housing. The data strongly suggest that after six dreadful years, the real estate market is stabilizing. ...


House-Obsessed Homeowners Get Inspired by Social Media

The Internet makes it easier than ever before to find home improvement inspiration. Social networking sites have taken the place of word of mouth between neighbors, and popular sites like Houzz and Pinterest let users share ideas and opinions on ...


Improving Foreclosure Prices Drive Recovery

Significant price increases in bank-owned foreclosures are driving gains at the national, regional and local levels, helping home prices turn the corner with small quarterly and yearly gains. ...


Must-Know Tips for Navigating the Housing Market

June is National Homeownership Month, an annual event that focuses on the long-standing tradition of homeownership serving as a symbol of prosperity and success in the U.S. ...


Want to Sell Faster? Optimize Your Home’s Best Features

Recent data has shown it looks as if the market may be turning! Home prices have crept upward for the second month in a row, according to a recent S&P/Case-Shiller home price index. However, if you’re trying to sell your home, this news doesn’t mean you should be sitting back ...


E&O War Stories: Loyalty and Honesty Go Hand-in-Hand

Victor O. Schinnerer's "War Stories" are actual claims from company files with the names and some details changed for confidentiality. Here, read about a foreign buyer who sued his agent after his legal residency status resulted in his mortgage company canceling his contract. ...


Mortgage Modification: Not Right for Everyone

(MCT)—For homeowners struggling to stay in their homes, a mortgage modification may be the way to go. ...


Nationwide Housing Affordability Reaches New Record High

Nationwide housing affordability hit a new record high for a second consecutive quarter in the first three months of this year, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). Yet tight lending conditions continue to ...


News in Housing: Inventories up in April

The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months have dampened sales by limiting buyer ...


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