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Home Owner News Archive


Fourth Quarter Indices Show Optimistic Outlook for Apartment and Condominium Market

The Multifamily Production Index (MPI), a leading indicator for the multifamily market recently released by the National Association of Home Builders (NAHB), showed steady improvement in the apartment and condominium housing market for a sixth consecutive quarter. ...


Consumer Complaints: Loan Modification Scams Highlighted

Recently, the Lawyers’ Committee for Civil Rights Under Law and NeighborWorks® America highlighted the ongoing foreclosure rescue scam crisis during a press conference to identify top consumer complaints in New York. ...


FHA Announces Price Cuts to Encourage Streamline Refinancing

Recently, Acting Federal Housing (FHA) Commissioner Carol Galante announced significant price cuts to FHA’s Streamline Refinance Program that could benefit millions of borrowers whose mortgages are currently insured by FHA. Beginning June 11, 2012, FHA will lower its Upfront Mortgage Insurance Premium (UFMIP) to just .01 percent and reduce its ...


Housing Affordability Index Hits Record High

Housing affordability conditions have reached the highest level since recordkeeping began in 1970, according to the National Association of REALTORS®. ...


Market Strengthening: Obama Administration Releases February Housing Scorecard

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the February edition of the Obama Administration's Housing Scorecard—a comprehensive report on the nation’s housing market. Data continues to show signs that ...


January 2011 vs. January 2012: Home Real Estate Showings up by 9 Percent

The amount of times a real estate agent shows a listing could potentially lead to a listing selling faster. Showing Suite has compiled data of January’s real estate showings from the past five years that may show trends in the housing market. ...


Preparing for a Home Inspection: Pillar To Post Helps Buyers and Sellers with All Their Inspection Needs

For buyers and sellers alike, home inspections are a crucial part of the home-buying and -selling process. While setting up a home inspection once you have an offer on your home is an important piece of the puzzle, taking the ...


Housing High Point: Pending Sales of Existing Homes Up to Nearly Two-Year High

(MCT)—More Americans are signing contracts to buy existing homes than at any time in nearly two years, boosting the housing industry’s slow recovery, according to the National Association of REALTORS®’ index of pending home sales. ...


Warren Buffett Is Betting on Housing

(MCT)—The U.S. housing market disappointed Warren Buffett last year, but he hasn’t given up hope. ...


Low Rates, High Obstacles to Refinancing Mortgage

(MCT)—As interest rates have slid over the past couple of years, Gabriel Bousbib of Englewood, N.J., refinanced his 15-year mortgage not once, but twice—cutting his interest rate in two steps from about 4.6 percent to 3.375 percent. ...


Foreclosure Homes Account for 24 Percent of All U.S. Residential Sales

RealtyTrac®, a leading online marketplace for foreclosure properties, recently released its Q4 and Year-End 2011 U.S. Foreclosure Sales Report™, which shows that sales of homes that were in some stage of foreclosure or bank owned accounted for 24 percent of all U.S. residential sales during the fourth quarter—up from 20 ...


Renting vs. Buying: It’s All about Finances

(MCT)—Renters often hear jeers that they’re paying somebody else’s mortgage. ...


Housing Bright Spot: Pending Home Sales Rise, Market on Uptrend

Pending home sales are on an upward trend, which has been uneven but meaningful since reaching a cyclical low last April, and are well above a year ago, according to the National Association of REALTORS®. ...


NAR Collaborates with U.S. Treasury on Short Sale ‘Help for Homeowners’

A new National Association of REALTORS® collaboration with the U.S. Department of the Treasury will help REALTORS® better assist homeowners who are struggling to sell their homes in a short sale. ...


Positive Trends in Florida Housing Market

Regional Spotlight—Florida's housing market reported gains in median sales prices and a reduced inventory of homes for sale in January, according to the latest housing data released by Florida REALTORS®. ...


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