This Month in Real Estate November 2009 Commentary Budding signs of recovery continued last month. The encouraging news arrived in a number of closely followed economic indicators. On Thursday, October 29, the U.S. Commerce Department stated the country’s recession has officially ended, at least as leading data indicates. U.S. GDP expanded 3.5 percent in the third [...]
The Federal Housing Administration is giving the condo market something it hasn’t had for a while – a little breathing room. Last week, the FHA, the federal agency that insures low-downpayment home loans for private lenders, said it was relaxing its building underwriting guidelines as a way of helping the struggling sector ride out the [...]
One in 20 Americans say they plan to buy a home within the next year, and they’re most likely to be 34 years old or younger and living in the South or West, according to a survey released Wednesday. Roughly a quarter of potential buyers said the No. 1 reason they would buy now is [...]
Here are some of the most frequently asked questions on the changes to the Homebuyer Tax Credit Question: Existing homeowner credit: Must the new house cost more than the old house? Answer: No. Thus, for example, individuals who move from a high cost area to a lower cost area who meet all eligibility requirements will [...]
WASHINGTON – Nov. 4, 2009 – Two more large investment companies have together raised enough money to join with the government in buying toxic assets held by banks so they can resume more normal lending to support an economic recovery. The Treasury Department said Tuesday that New York-based Angelo, Gordon & Co. LP and Norwalk, [...]
More than 100 arrested for mortgage fraud TAMPA, Fla. (AP) – Nov. 4, 2009 – A federal prosecutor says a crackdown on organized mortgage fraud this year has yielded 105 arrests from Jacksonville to Fort Myers. A. Brian Albritton, the U.S. attorney for Florida’s middle district, announced the results of the nine-month investigation at news [...]