The forward-looking index, based on contracts signed, rose 6.3 percent in December. Big gains in the South and Midwest offset modest declines elsewhere, according to the latest NAR report.
How to Find Money to Invest in Real Estate
Talk to local, rather than national, banks first. They’re more likely to understand your business. Detailed documentation of the project’s income potential, as well as the time, money and sweat equity you’ve already put in, are essential.
Obama Promises More Low-Cost Mortgages
President Barack Obama on Saturday said reducing mortgage costs would be a key part of his plan to improve the economy.
States Step Up Foreclosure Relief Efforts
More than 30 states have adopted rules governing predatory lending, and many others have embraced foreclosure intervention or prevention programs to help keep more home owners in their homes.
Mortgage Rates Inch Up This Week
However, Freddie Mac’s chief economist expects short-term rates to remain low due to the Federal Reserve’s recent cut in the discount and federal-funds rates.
Crafting a Foreclosure Bailout No Slam-Dunk
Government officials are crafting a $40 billion plan to help delinquent home owners avoid foreclosure, but they want to make sure the plan isn’t too attractive.
Consumers Want Federal Oversight of Lending
More than half of consumers surveyed by National Association of Realtors, said they favor the government taking a more active role overseeing the mortgage and lending business.
Best Cities to Retire on a Budget
Forbes magazine analyzed housing affordability, inflationary pressures, and medical care to find the top cities for retirees.
AFFORDABILITY IS KEY
Despite these challenging economic times, existing home sales will be rising. Why? The answer, in a word: affordability.
Currently, this is the most important factor driving home sales. Lawrence Yun explains further in his forecast.
Developers plan project along Broward Boulevard west of I-95 in Fort Lauderdale
Despite skeptics and a free-falling economy, the developers say they’re moving ahead with plans to reshape nearly 100 acres along Broward Boulevard, just west of Interstate 95 in Fort Lauderdale.