Hispanics Projected = Mega-Consumer in Housing Market With Hispanics as the largest minority group in the U.S., mortgage industry professionals should also expect Latinos to be key players when it comes…
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Banks Foreclosing On Churches In Record Numbers Banks are foreclosing on America’s churches in record numbers as lenders increasingly lose patience with religious facilities that have defaulted on their…
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NAR - Pending Home Sales Up Pending home sales are on an upward trend, which has been uneven but meaningful since reaching a cyclical low last April, and are well above a year ago, according to the National…
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FHA defaults Rise Defaults on Federal Housing Administration (FHA) mortgages increased in December for the ninth-straight month. More than 711,000 FHA-backed home loans were in default at Dec. 31, nearly…
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US Treasury Forcing Principal Forgiveness "Late Friday the US Treasury Department announced a major expansion of its Home Affordable Modification Program (HAMP). The three-year-old program has been largely…
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Mortgage Rates Reverse Course Freddie Mac reported Thursday that mortgage interest rates have done a 180 and are now starting to climb, buoyed by positive housing data over recent weeks which show the…
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Real Estate Market Update – December 2011 The closed median home price on Long Island, which includes Nassau, Suffolk, and Queens, in December 2011, was $336,000 representing a 6% decline over the year…
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Existing-home sales continued on an up trend in December, rising for three consecutive months and remaining above a year ago, according to the National Association of Realtors. The latest report shows…
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O.K. As an agent, I see alot of different types of properties. Co-ops, houses, condo's, etc. I work with all different types of buyers too. I also have come across all different types of sellers. as an…
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New York AG Allots $1M to Foreclosure Prevention Following an expiration of federal funding for foreclosure prevention in New York, the state’s Attorney General Eric Schneiderman allotted $1 million…
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Fannie Mae - Predicts 'Moderate Growth' in 2012 The U.S. economy is projected to grow 2.3 % for the year, according to Fannie Mae’s Economics & Mortgage Market Analysis Group. Growth will be affected…
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Real Estate Market Update – December 2011 The closed median home price on Long Island, which includes Nassau, Suffolk, and Queens, in December 2011, was $336,000 representing a 6% decline over the year…
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Unemployment Rate Falls to 8.5% The nation’s unemployment rate continues to trend down. It slipped to 8.5 % during the month of December as the economy added 200,000 new jobs, the U.S. Department of…
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LANDLORDS OF COMMERCIAL RETAIL PROPERTIES SHOULD BE KEPT IN THE LOOP ON CURRENT MARKET CONDITIONS. AS THE YEAR WINDS DOWN IN 2011, MANY LANDLORDS HAVE LOST EXTREME AMOUNTS OF RENT DURING THE PAST YEAR…
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It is difficult to decide which better describes the leadership tactics of Washington these days. Is it a Broadway performance of Samuel Beckett’s play “Endgame” with Hamm, Clov, Nagg & Nell…
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Home sales rose 1.4 % Nationally in October from September levels to a seasonally adjusted annual rate of 4.97 million and were up 13.5% from the 4.38 million level of October 2010. Pre-foreclosure…
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“Profit occurs when preparation and experience meet opportunity."When it’s time to sell, you must be confident that every element of negotiating the best terms and the highest price has been set before…
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Make HARP Available to High Equity Borrowers – Senators Pushing For It While the newly revised Home Affordable Refinance Program (HARP) includes several provisions aimed at widening the program’s reach,…
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Government Issues Housing Data Treasury has released a new progress report on its Making Home Affordable initiative, covering all the “H” acronyms – HAMP, HARP, and HAFA. Since the program started…
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