Local and nationwide daily real estate related news from official sources and blogs of real estate professionals.
Chase Donates Inventory Homes to Wounded Vets
Posted February 21st, 2012 by Rummy Dhanoa
JPMorgan Chase announced it will donate at least 100 homes it owns to wounded military veterans as part of a program known as Operation Homefront.
30-Year Rates Continue to Hold at Record Lows
Posted February 17th, 2012 by Rummy Dhanoa
The 30-year fixed-rate mortgage, the most popular choice among home buyers, has remained at an all-time low of 3.87 percent for the past three weeks, Freddie Mac reports.
Bernanke: Low Rates Will Help Banks
Posted February 17th, 2012 by Rummy Dhanoa
"The purpose of the Federal Reserve's policy of low interest rates is to speed the economic recovery, which will increase loan demand and opportunities for profitable lending," Bernanke said at a community banking conference this week.
FSBO Site Founder Reaches Out to Real Estate Pros
Posted February 17th, 2012 by Rummy Dhanoa
"I want to have warm relations with agents," says the founder of ForSaleByOwner.com, who just launched a new online venture.
Housing Affordability Reaches New Records
Posted February 17th, 2012 by Rummy Dhanoa
It's a good time to buy. In fact, according to a nationwide housing index, a home buyer's purchasing power has never been better.
Housing Starts Post Highest Level in 3 Years
Posted February 17th, 2012 by Rummy Dhanoa
Housing starts rose 1.5 percent in January, led by a surge in apartment construction.
Top 10 States for Foreclosures in January
Posted February 17th, 2012 by Rummy Dhanoa
These states are still seeing a high number of foreclosures, which is dragging down housing prices.
A New Breed of Investors Steps Forward
Posted February 16th, 2012 by Rummy Dhanoa
"Mom and pop investors" are trying to capitalize on a depressed real estate market in the hopes of one day being able to cash in.
3 Ways to Spice Up an Open House
Posted February 15th, 2012 by Rummy Dhanoa
Want to increase buyer traffic at your next open house? Try these ideas.
Banks to Pay Military Members for Foreclosure Errors
Posted February 14th, 2012 by Rummy Dhanoa
Four banks say they will reimburse any military members found to have been wrongfully foreclosed upon during the last five years.
6 'Turnaround Towns' in Real Estate
Posted February 13th, 2012 by Rummy Dhanoa
Watch for these housing markets to soon take off, according to a new report by Realtor.com.
Squatters Busted With Surprising Finds in Miami Home
Posted February 10th, 2012 by Rummy Dhanoa
When a home falls into foreclosure and is left abandoned, you can never be too sure what you may come across. Authorities certainly weren't expecting this.
What You Need to Know About the Mortgage Settlement
Posted February 10th, 2012 by Rummy Dhanoa
A settlement announced this week among state and federal officials and the nation's five largest banks is the largest joint state-federal settlement in history against an industry. Here's what it means for home owners.
30-Year Mortgage Rates Hold at Record Lows
Posted February 10th, 2012 by Rummy Dhanoa
Most home buyers or refinancers have never been able to lock in rates this low.
Clarification Sought for Discrimination Protections
Posted February 10th, 2012 by Rummy Dhanoa
A measure before the NAR Diversity Committee seeks to clarify Article 10 of the Code of Ethics to align with HUD's new policy prohibiting discriminating on the basis of gender identity and sexual orientation.
Income, Job Gap Between Young and Old Widens
Posted February 10th, 2012 by Rummy Dhanoa
Young Americans have it rough. In fact, nearly 70 percent of the public says it's more difficult for young adults today than their parents' generation in finding a job, buying a home, and saving for the future.
See Who 'Unfriended' You on Facebook
Posted February 10th, 2012 by Rummy Dhanoa
Find out which clients or colleagues may have "unfriended" you on Facebook. It may be a sign that maybe it's time to revisit your social networking strategy.
4 Tips for Buying Smart With New Construction
Posted February 9th, 2012 by Rummy Dhanoa
Be sure to educate your buyers about some of the differences in buying "old" versus "new."
Agents Make Unexpected Finds in Foreclosures
Posted February 8th, 2012 by Rummy Dhanoa
Watch for skeletons in the closet ... literally.
'HARP 2.0' Could Help 6.7 M More Borrowers
Posted February 7th, 2012 by Rummy Dhanoa
Changes made to the Home Affordable Refinance Program could open the initiative up to almost twice the number of eligible borrowers.
For Renters, Market Likely to Get Pricier
Posted February 7th, 2012 by Rummy Dhanoa
Rising demand and a tightening supply is continuing to force both commercial and residential rents upward.
How to Play Defense Against Customer Objections
Posted February 7th, 2012 by Rummy Dhanoa
"Knowing how to effectively address your prospect's objections brings you closer to their final question, 'Where do I sign?'" says sales trainer John Boe.
List of Improving Housing Markets Grows
Posted February 7th, 2012 by Rummy Dhanoa
This month's index shows some markets that were particularly hard-hit during the housing downturn are starting to see signs of improvement.
More Deals Falling Through
Posted February 7th, 2012 by Rummy Dhanoa
A third of real estate professionals in a recent survey say their contracts were cancelled before making it to the closing table.
Obama's Housing Scorecard Shows Mixed Results
Posted February 7th, 2012 by Rummy Dhanoa
While inventories and foreclosures sales are down, the real estate market still faces a lot of challenges, according to the Obama administration's January Housing Scorecard.