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NEW YORK – Dec. 6, 2010 – McMansions are rapidly becoming the housing equivalent of harvest gold appliances as more Americans opt for smaller residential footprints, according to a consumer lifestyle survey. In the Relocation.com lifestyle
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WASHINGTON – Nov. 24, 2010 – The 1.1-million-member National Association of Realtors (NAR) is calling on Fair Isaac Corp., developer of the FICO score, to take immediate action to mitigate the negative impact on consumers when banks suddenly
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The pace of the national recovery is moderating and the lift spurred by nearly $800 billion in federal stimulus spending is fading, but there are several promising signs that growth will continue, including in Florida, a leading national fiscal analyst
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Pending home sales slip - modest recovery in 2011 NEW ORLEANS - November 5, 2010 - Pending home sales dropped out after two monthly increases, signaling an uneven recovery entering the year 2011 with few near term disruptions from the foreclosure moratorium,
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With foreclosures a large share of property sales in some areas, appraisers continue to factor in the sale price of foreclosed properties when setting values of regular properties. Appraisers are aware the practice isn’t ideal, but in some markets
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Mortgage rates for 30 years found the lowest in decades, and prices for 15 years, the loans fell to their lowest point in nearly 20 years. Mortgage buyer Freddie Mac said Thursday the average 30-year fixed loan fell to 4.32 percent, the lowest record
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October 1, 2010 - Congress has extended a policy that allows housing market expensive real estate, mortgages backed by the government to guarantee nearly $ 730,000. The legislators of the Congress voted to maintain the maximum amount of loans guaranteed
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A number of factors have contributed to the decline in home sales nationally and in Florida in particular, but the growing importance of foreign buyers has offset some of the damage. About two of three real estate agents of the state had at least one
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TALLAHASSEE, Fla. – Sept. 8, 2010 – Citizens Property Insurance Corp. asked state regulators Tuesday for a premium increase, in part because sinkhole costs are swallowing up more and more of the company’s money. The company is asking
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“The government program as currently structured is petering out. It is taking in fewer homeowners, more are dropping out and fewer people are ending up in permanent modifications,” said Mark Zandi, chief economist at Moody’s Analytics.
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According to the latest housing statistics from Florida Realtors, sales of existing single-family homes in Florida rose 21% in second quarter 2010 compared to the same period a year earlier. A total of 51,564 existing homes sold statewide in 2Q 2010;
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Fannie Mae announced the launch of KnowYourOptions.com , a new consumer education website that outlines the choices available to homeowners who are struggling with their mortgage payments and high mortgage rates, and provides guidance on how they can
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The National Association of Realtors reported that existing home sales fell last month to a seasonally adjusted annual rate of 5.37 million units, down from 5.66 million in May. Sales year-over-year were up 9.8% but down 5.1% in June. "The housing
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According to Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the 30-year fixed-rate mortgage (FRM) averaged 4.58$ with an average 0.7 point for the week ending July 1, 2010. This is down from last week when it averaged 4.69%. Last year
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According to the National Association of Realtors , existing-home sales remained at elevated levels in May on buyer response to the tax credit, characterized by stabilizing home prices and historically low mortgage interest rates. Gains in the West and
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