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National Real Estate Blog

Home Building Projects Decline
Author: Support Services, e-PRO
A government report on Wednesday, April 16, 2008 stated that home building projects that were started in March of 2008 fell by 11.9 percent to a lower-than-expected annual rate while building permit activity, was off 5.8 percent. The Commerce Department said that the housing starts set an annual p [Read More]
Foreclosure Continue to Rise
Author: Support Services, e-PRO
Real estate data firm RealtyTrac said on Tuesday, April 15, 2008 that home foreclosure filings rose 57 percent in the 12 month-period ending in March, 2008 and that bank repossessions rose to 129 percent from a year ago, as homeowners struggle to make mortgage payments. For the month of March, for [Read More]
Faltering House Market is Leaving Homeowners Stranded
Author: Support Services, e-PRO
At the new community of Seapine Estates, in Egg Harbor Township, NJ, the Pennsylvania builder went bankrupt last summer and ceasing work, leaving open foundations and unfinished homes. This has left the community wide open to invite outsiders in to dump trash, spray graffiti and race cars up and do [Read More]
Bank Repossessions Still Rising
Author: Support Services, e-PRO
A research report showed Tuesday, March 15, 2008 that although the bank repossessions went sky high last month it has yet to reach a stopping point as many troubled homeowners have given up and left their homes. The amount of adjustable-rate loans changing to higher rates will peak in May and June [Read More]
Housing Crisis a Global Epidemic
Author: Support Services, e-PRO
The collapse of the housing market in the United States is spreading into a global problem, with real estate prices dropping from the Irish countryside and the Spanish coast to Baltic seaports and even parts of northern India. This global slowdown, which has increased in the recent months, is wobb [Read More]
The Associated Press Poll Results
Author: Support Services, e-PRO
A poll showed on Monday, April 14, 2008 that a growing majority of home buyers say that they won't buy a home anytime soon this is the latest sign of increasing pessimism in regards to the nation's housing crisis. The Associated Press-AOL Money & Finance poll discovered that more than [Read More]
Senate Passes Bill to Help in the Housing Crisis
Author: Support Services, e-PRO
On Thursday, April 10, 2008, the senate passed a bipartisan package of tax breaks and other steps geared towards helping businesses and homeowners survive the housing crisis. The measure passed by an impressive 84-12 vote, but even its supporters acknowledge that it’s too much i [Read More]
Mortgage Rates Remain Unchanged
Author: Support Services, e-PRO
Rates on 30-year mortgages did not change this week, they are still remaining at the highest level since mid-March, 2008. Freddie Mac, a mortgage company, reported Thursday, March April 10, 2008 that 30-year fixed-rate mortgages are averaging 5.88 percent this week, which remains unchanged from la [Read More]
Pending Home Sales Fall 1 9 Percent
Author: Support Services, e-PRO
The National Association of Realtors stated that pending U.S. home sales fell in February, 2008 to the lowest reading since the index began in 2001. The trade group’s seasonally adjusted index of pending sales for existing homes fell to 84.6 from January 2008's revised readin [Read More]

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