National Real Estate Blog

While the economy is struggling across the nation, many consumers are looking for ways to cut costs.One significant area that can be reviewed is your home insurance policy.By making a few changes and tweaks here and there you could save yourself hundreds of dollars while improving your home value. A [Read More]

According to the Mortgage Bankers Association (MBA) report, mortgage applications dropped by 7.3%, applications for refinancing dropped 8% and the purchase index fell 4%.The Wall Street Journal reports that Low interest rates have attracted new buyers and persuaded many home owners to refinance thei [Read More]

Although home prices across the nation are still 29% below their peak, they jumped 8.1% during the 12 months that ended in January, according to the Standard & Poor's/Case Shiller 20-city home price index. The steady home price increases are enabling recovery in the housing industry in an effort t [Read More]

According to the summer 2012 Rent vs. Buy Report released by Trulia, buying homes is a better deal than renting considering all the top 100 cities across the country. The study included a comparison of homes for sale and homes for rent on the Trulia site between June 1st and August 31, 2012. T [Read More]

According to the National Association of Realtors (NAR) the Federal Housing Finance Agency (FHFA) is currently working with mortgage giants, Fannie Mae and Freddie Mac to create new guidelines that will expand the eligibility criteria for the short sale process. These new guidelines will inclu [Read More]

Homeownership is experiencing the lowest rates seen in 13 years, according to the U.S. Census Bureau Reports. The homeownership rate reached a record high of 69.2% during the second and fourth quarters of 2004, a sight not seen in 7 years. In June of this year they dropped to a low of 65.9%, in an a [Read More]

There is talk of the Obama Administration considering a plan that would not only take a large portion of the foreclosed homes off the market, but will provide more homes available to rent. This move is in an effort to prevent the drop of home values, according to the Wall Street Journal.Foreclosed h [Read More]

Existing home sales dropped in June by .08%, however home prices took a slight incline, according to the National Association of Realtors (NAR). The gains in the Midwest and the South offset the loss in the Northeast and West.According to Lawrence Yun, Chief Economist of NAR, Home sales had been tre [Read More]

The Federal Trade Commission (FTC) has announced that they will NOT enforce a majority of the provisions of the Mortgage Assistance Relief Services (MARS) rule against real estate licensees.Real estate licensees that are affected by the stay are defined by the FTC as: those who are licensed and in g [Read More]

Over 2 million homeowners that were in the process of foreclosure or actually foreclosed upon during 2009 or 2010 can receive a second chance for their case to be reviewed. Homeowners that may be eligible will receive a letter from their lender explaining their rights. In an effort to find homeowner [Read More]