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Today’s Marketplace Archive
RISMEDIA, May 1, 2009-Potential home buyers who aren't eligible for the $8,000 first-time home buyer tax credit because they currently own a home actually have what could be an even bigger advantage - the opportunity to buy a new home that is bigger and better than they could have just a year or two before. "Now may be an ideal time for any family looking to upgrade from their starter home to one more suited to their current or future needs," said Joe Robson, chairman of the National Association of Home Builders
RISMEDIA, May 1, 2009-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending April 24, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 960.6, a decrease of 18.1% on a seasonally adjusted basis from 1,172.2 one week earlier. On an ...
RISMEDIA, April 30, 2009-Richard Smith, President and CEO of Realogy Corp., took part in a panel discussion titled ‘Jump-Starting the Housing Market' at the Milken Institute 2009 Global Conference. Smith and panelists Donald Brownstein, CEO and Chief Investment Officer, Structured Portfolio Management; Ross DeVol, Director of Regional Economics and the ...
RISMEDIA, April 30, 2009-The Federal Housing Finance Agency (FHFA) sent a proposed rule establishing 2009 housing goals for Fannie Mae and Freddie Mac to the Federal Register for publication. Loan modifications undertaken by the GSEs consistent with the Administration's loan modification initiative would receive credit toward achievement of housing goals. ...
RISMEDIA, April 30, 2009-The Appraisal Institute, one of the nation's largest organizations of professional real estate appraisers, is urging Congressional representatives to pass H.R. 1728, the Mortgage Reform and Anti-Predatory Lending Act of 2009, a bill that would eliminate a number of regulatory loopholes in the mortgage lending system and ...
RISMEDIA, April 30, 2009-Most baby boomers, like their parents, are choosing to "age in place," but a large and growing number - more than 1.2 million households - are choosing to move to communities designed to meet their needs, according to a study released by the National Association of Home ...
RISMEDIA, April 29, 2009-"The market is so slow and I don't know where my next sale is coming from." How often have you heard someone say that when business is down and the economy is questionable? It seems logical, doesn't it, to tighten your purse strings? ...
RISMEDIA, April 29, 2009-Data through February 2009, released by Standard & Poor's for its S&P/Case-Shiller1 Home Price Indices, one of the leading measures of U.S. home prices, shows continued broad based declines in the prices of existing single family homes across the United States, with 10 of the 20 metro ...
RISMEDIA, April 29, 2009-With distressed sales accounting for half of all home sales, many home sellers are finding that traditional sales are competing with discounted prices offered by foreclosed properties and short sales in their local area. To help home sellers attract buyers and compete against the discounted prices offered by distressed properties, ForSaleByOwner.com offers the following tips and advice:
RISMEDIA, April 29, 2009-Home sales increased 63.8% in March in California compared with the same period a year ago, while the median price of an existing home declined 39%, the California Association of Realtors® (C.A.R.) reported. ...
RISMEDIA, April 29, 2009-The weekly average rate borrowers were quoted on
Zillow Mortgage Marketplace for thirty-year mortgages remained relatively steady last week. Last week's rate was 5.07%, up slightly from 5.06% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by real estate website Zillow.com®. Meanwhile, ...
RISMEDIA, April 29, 2009-The Conference Board Consumer Confidence Index, which had posted a slight increase in March, improved considerably in April. The Index now stands at 39.2 (1985=100), up from 26.9 in March. The Present Situation Index increased to 23.7 from 21.9 last month. The Expectations Index rose to 49.5 ...
RISMEDIA, April 28, 2009-The end is near. When exactly, is hard to predict. It is also hard to predict what that end will look like. However, it is hard to escape the sense that some things will change forever. But what? Will law and order, if you can call this that, descend into chaos? Will nations withdraw from the global economy and seek self-sufficiency and protectionism? Will complex monetary systems that allow insider manipulation be replaced by barter? Will Brad and Angelina ever tie the knot? These are the great questions of our time.
RISMEDIA, April 28, 2009-Over the last 12 months or so, many real estate agents have been forced to reinvent their businesses. Many real estate agents understand the need to change, but don't know where to start or how to do it. This article will show you how to quickly reinvent ...
RISMEDIA, April 28, 2009-Bank of America introduced its Bank of America Home Loans brand at locations nationwide and unveiled new tools through which homebuyers and homeowners will find greater clarity in the home finance process. The Clarity CommitmentTM, a single, one-page loan summary clearly presents to borrowers their interest rate, ...
