Real Estate Information Archive
Mark Stark, CEO of Americana Holdings, was named Prudential Real Estate’s 2013 Broker of the Year at its annual convention in Las Vegas this week, the company has announced. Stark operates Prudential Americana Group in Nevada and Prudential Arizona Properties. They are the largest Prudential organizations in Nevada and Arizona. ...
Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving lower this week amid data showing weaker consumer spending. This marks the third consecutive week fixed-rate mortgages have moved lower as the housing market continues to recover.
The 30-year fixed-rate mortgage (FRM) averaged 3.41 percent with an average 0.7 point for the week ending April 18, 2013, down from last week when it averaged 3.43 percent. Last year at this time, the 30-year FRM averaged 3.90 percent.
Additionally, the 15-year FRM this week averaged 2.64 percent with an average 0.7 point, down from last week
Next month REALTORS® will gather together in Washington, D.C., at the National Association of Realtors® Midyear Legislative Meetings & Trade Expo
, May 13-18, to address critical housing issues with their members of Congress.
Housing construction passed the psychological mark of one million starts in March coming in at 1.036 million homes, up 7 percent from an upwardly revised February level of 968,000. The surge was due to a 31 percent increase in apartment construction to a level of 417,000 units, the highest since January 2006. Single-family construction fell 4.8 percent to 619,000 from an upwardly revised February level, which was the highest since May 2008. The first quarter single-family average was 628,000 up 6 percent from the fourth quarter 2012.
Housing permits were down 3.9 percent but from a February high not seen since July 2008. The first quarter average was 915,000 up 2.6 percent from the fourth quarter. Builders were stock piling permits in February
Recent data indicate that economic growth in the first quarter has accelerated to an above-trend—but likely unsustainable—pace of 3.2 percent, according to Fannie Mae’s Economic & Strategic Research Group.
ERA Real Estate, a global leader in real estate franchising, and Homes.com, a leader in enterprise-level real estate solutions, have jointly announced a renewal and expansion of their technology and marketing partnership. ERA Real Estate joined forces with Homes.com in 2011 to develop and launch the new ERA.com website powered ...
The Realty Alliance recently announced that they have selected DocuSign as its exclusive and official eSignature provider. The Realty Alliance’s more than 100,000 agents now benefit from the easiest, fastest, most secure way to complete and sign real estate documents—anytime, anywhere, on any device. ...
Built by Paul Williams in 1941, this Hollywood estate was originally the home of Bert Lahr, also known as the Cowardly Lion from the 1939 hit movie musical “The Wizard of Oz.” The gated, private property, which consisted of 6,000 square feet
RE/MAX of New England has announced several key success factors which marked 2012 as a year of recovery in the housing market - an overall increase in volume of home sales, total transactions, Agent productivity, and the launch of proprietary technologies. ...
Fannie Mae announced recently that the company issued approximately $8.2 billion1 of multifamily MBS in the first quarter of 2013, backed by new multifamily loans delivered by its lenders. Fannie Mae also resecuritized $3.2 billion of DUS® MBS through its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program in ...
While the Federal Housing Administration still faces challenges ahead, the agency has already taken a number of significant steps to mitigate risk and increase the solvency and strength of the mortgage-insurance fund. That’s according to National Association of REALTORS® President Gary Thomas, who testified today before the U.S. House Financial Services Subcommittee on Insurance, Housing and Community Opportunity about the future of the FHA.
“Realtors® believe that recent increases to premiums, increased down payments for some borrowers and greater risk management controls will help to substantially improve
(MCT)—Underwater homeowners with Fannie Mae- and Freddie Mac-backed mortgages will be able to try to refinance their mortgages for another two years.
The Federal Housing Finance Agency announced Thursday that Fannie and Freddie’s Home Affordable Refinance Program, which was set to expire Dec. 31, will be extended until the end of 2015.
“More than 2 million homeowners have refinanced through HARP, proving it a useful tool for reducing risk,” FHFA acting director Edward DeMarco said in a statement.
PropertyInfo Corporation, a Stewart® company, recently announced the agreement of zipLogix and PropertyInfo to provide an integrated forms and transaction management system with zipForm®, the industry’s leading forms software and SureClose®, the most widely used transaction management system. ...
Trulia Inc. recently announced a strategic partnership with Coldwell Banker Prime Properties, a leading Coldwell Banker Affiliate in New York State. ...
Freddie Mac recently released the results of its Primary Mortgage Market Survey®
(PMMS®), showing average fixed mortgage rates edging down for the second consecutive week following weak employment reports.