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National Real Estate Blog

Finally Home prices have stabilized
Author: Support Services, e-PRO
Finally after 3 years, there has been reported the first increase of home prices of .03% in the April - June quarter. The long awaited bottom has arrived. I know that puts a smile on this face ;o) It is also reported the prices rose slightly in July as well. This shows the market has finally stabil [Read More]
Will the 8 000 Tax Credit Be Extended
Author: Support Services, e-PRO
The along with some economists and at least one lawmaker, argues that the U.S. government's soon-to-expire tax credit of up to $8,000 for first-time home buyers should be renewed as it did cause buyers to stimulate the economy. The National Association of Realtors says the credit resulted in 35 [Read More]
Sales Are Rising Inventory Less
Author: Support Services, e-PRO
Due to the current situation with the $8,000 tax credit for first time buyers and interest rates still low, and prices of homes really low, the National Association of Realtors reported that pending home sales rose 3.2 percent in July from June, and signed contracts have now risen for six consecuti [Read More]
Once Again Chinese Drywall rears its Ugly Head
Author: Support Services, e-PRO
Nine Florida homes tainted by the defective Chinese drywall are listed on the popular Realtor.com website at extremely low prices. The homes are priced at under $50,000, but are they worth it? Costs to repair and replace the Chinese Drywall are falling in the $100 thousand range, which does not inc [Read More]
Shorts Sales are still taking too long to close
Author: Support Services, e-PRO
Short sales have been seen as a way to reduce the large number of foreclosures by allowing homeowners to 'sell' their homes for less than the amount that is owed on mortgage, however the wait to contract on these real estate deals tends to be so long that the deals are falling apart, leadin [Read More]
Fannie Mae and Freddie Mac s future being discussed tomorrow
Author: Support Services, e-PRO
Restructuring of mortgage giants, Fannie Mae and Freddie Mac is being considered by the Obama Administration. This restructuring would remove hundreds of billions of dollars in troubled loans from the companies and would be handed over to new government-backed lenders. These lenders would take over [Read More]
home prices ups and downs
Author: Support Services, e-PRO
As we all know between 2000 and 2007 we all saw home prices increase alot,A reseach done by a company reported that california and florida led the nation in the highest increase between those years in a few counties, it also stated between 2007 and 2009 led the nation in the highest decreases with [Read More]
Home value increase for the first time in three years
Author: Support Services, e-PRO
In a monthly comparison during May, the financial data companies Standard & Poor and Case-Shiller showed an increase in home values for the first time in almost three years. According to David Blitzer, chairman of the index committee for Standard & Poor, "This could be an indication t [Read More]
Time Is Ticking
Author: Support Services, e-PRO
Your time to take advantage of the $8000. tax credit will be here before you know it. If you are a first time home buyer or have not owned a home in the past three years, you will qualify for up to $8000. in a tax credit. You must CLOSE by November 30, 2009 in order to qualify. Contact a Profess [Read More]
appraisalsl charles McMillan 2009 NAR president
Author: Support Services, e-PRO
During the past two months we have heard from many of you regarding problems with appraisals that are causing deals to be delayed or canceled altogether. I assure you that we on the NAR leadership Team are experiencing the same problems in our businesses. On monday June 29th,I will be in New York t [Read More]

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