National Real Estate Blog

During the weekend of June 4-5, 2011, the National Association of Realtors (NAR) will be hosting the Realtor Nationwide Open House! This event will provide an opportunity for Realtors to hold open houses in local neighborhoods across the globe armed with guidance and insight into both the social as [Read More]

Mortgage rates on a 30-year fixed rate mortgage continue to fall into the seventh consecutive week, according to mortgage giant, Freddie Mac. Falling to 4.55% from 4.60% the week before, the low mortgage rates have done very little to boost the struggling real estate market.Many potential homebuyers [Read More]

Home prices across the nations major metro areas has fallen to the lowest level seen in over 5 years!According to the Standard & Poor's/Case-Shiller 20-city index, home prices fell in 18 of the metro areas from February to March of this year, they only rose in Seattle and Washington, D.C. A dozen ci [Read More]

The rental market is growing, as many Americans are unable to afford to purchase a home, has just lost a home to foreclosure or just plain doesn't want one. Currently, nearly 38 million households are renters.The number of homeowners across the nation is at the lowest point seen in over a decade. On [Read More]

The average rate on a 30-year fixed rate mortgage dropped to the lowest point of 2011 this week, according to mortgage giant Freddie Mac.Dropping to 4.61% from 4.63% the week before, these low rates still are not enough to help jumpstart the struggling real estate market. High unemployment, continua [Read More]

Construction of new homes dropped again in April, with 10.6% fewer new homes than in March, according to the Commerce Department, which marks a 25% decline in an annual comparison.The real estate market is struggling due to high employment, tight lending standards and continually dropping home price [Read More]

Although the mortgage rates are hitting not only the lows for the year, but possibly the decades, it's just not enough incentive for potential home buyers and refinancers. The lack of confidence in the economy, including the job market, is keeping people from making that big purchase.Mortgage giant, [Read More]

In an annual comparison, less homeowners across the nation had their homes repossessed in April, according to the foreclosure listing firm, RealtyTrac, Inc.Lenders repossessed 69,532 homes last month, which shows a 5% decline from March and a 25% decline from April of last year. The declines are not [Read More]

The Census Bureau reported that the US homeownership rate fell from 67.1% to 66.4% the first quarter in an annual comparison. This rate is lowest that has been seen in over a decade. The midwest saw the highest rate, followed by the south, the Northeast and the west. According to reports, Americans [Read More]

Pending home sales jumped again in March by 5.1%, according to the National Association of Realtors (NAR). The Pending Homes Sales Index (PHSI) is a brief glance into the future of real estate based on the amount of contracts that were signed, not closings. Closings normally occur within a month or [Read More]