Getting Ready for Your Home Appraisal By Paige Tepping RISMEDIA, July 16, 2010–Home appraisals are a necessary step in the process of selling or refinancing your home. While many homes today aren’t worth as much as they were when they were bought, it is crucial for homeowners to be realistic when it comes to getting [...]
Relatively few of the pages of legislation touch on real estate finance directly. Much of the bill addresses the way hedge funds, banks, and other financial services companies are regulated. One of its centerpieces is the new Financial Stability Oversight Council, which will have the job of issuing alerts when it sees lending practices becoming [...]
Mortgage Rates Stay Put Rates on conventional mortgage loans were essentially flat this week, according to Freddie Mac. The average rate for 30-year fixed mortgages didn’t move from last week’s record-low figure of 4.57 percent. Also, rates on 15-year fixed mortgages reached a new record low this week, falling slightly to 4.06 percent from 4.07 [...]
Make Your House FHA-Loan Friendly Know the basics of FHA loan rules and you stand a better chance of selling your house or condo. Read 6 Reasons to Reduce Your Home Price While you’d like to get the best price for your home, consider our six reasons to reduce your home price. Read 7 Tips [...]
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The Senate passed HR 5623, which extends the mandatory closing date to qualify for the homebuyer tax credit. The contract deadline does not change – homebuyers must have a contract signed by April 30, 2010 (an exception for active duty military) – but the previous closing deadline of June 30, 2010, has been extended to [...]
The National Association of Realtors estimates that for each day Congress delays, 1,400 sales are tied up. In Florida, it’s affecting about 175 deals a day. The flood insurance program expired May 31. Since then, some lenders have been willing to accept binders, or promises, to write flood insurance policies as soon as Congress reauthorizes [...]
ORLANDO, Fla., June 22, 2010 – Sales of existing homes in Florida rose 18 percent in May, marking 21 months that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors®. A total of 16,745 single-family existing homes sold statewide last month compared to 14,172 homes sold [...]
Builders see returning Fla. market ORLANDO, Fla. – June 17, 2010 – Florida, viewed by economists as a hot spot of the country’s housing and mortgage meltdown, is having a pickup in builder interest and activity. Sensing a pending recovery in some of the state’s markets – including Orlando, Jacksonville, and Tampa – builders are [...]