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National Real Estate Blog

Some of the Hardest Hit Areas are showing signs of Improvement
Author: Support Services, e-PRO
Several of the hard hit real estate market areas are on the road to recovery, according to the National Association of Realtors (NAR).Areas such as the Los Angeles-Long Beach metropolitan area, which was once one of the worst hit areas, has now become the third most searched market in the first thre [Read More]
Applications for the NAR Good Neighbor Awards are being accepted
Author: Support Services, e-PRO
Applications for the 12th Annual REALTOR Magazine Good Neighbor Awards are now being accepted by The National Association of Realtors (NAR). The awards serve to recognize realtors for their "dedication to volunteer service". The November issue of REALTOR Magazine will announce 5 winners to be recogn [Read More]
Pending Homes Show a Slight Decline in January
Author: Support Services, e-PRO
Although the pending home sales declined again in January, they still remain 20.6% above the low in June of last year, according to the National Association of Realtors (NAR).The Pending Home Sales Index is a indicator of the future of the real estate market. The data collected for the Pending Home [Read More]
New FTC Rules Could Effect Short Sales Negotiations
Author: Support Services, e-PRO
The Federal Trade Commission (FTC) has implemented new rules that could have an impact on short sale transactions. These rules, also known as the MARS rules (Mortgage Assistance Relief Services), could require disclosures to potential home buyers that are negotiating a short sale or advertise short [Read More]
For Sale By Owners are Becoming Rare
Author: Support Services, e-PRO
According to the National Association of Realtors (NAR), for-sale-by-owners (FSBO) have dropped to the lowest level seen over the last year. FSBO sellers only make up 11% of the market, down 2% since 2009. Real estate transactions are becoming more complex and in some cases too difficult for an unre [Read More]
Mortgage Rates Dropped again this Week
Author: Support Services, e-PRO
When the Obama Administration announced its $3.7 trillion budget request, the Treasury yields took a small dip. As mortgage rates are so closely tied in with long term Treasury Bonds the rates dipped as well.Rates on a 30 year fixed rate mortgage fell this week to 5%, according to mortgage giant, Fr [Read More]
Mortgage Rates Rise again
Author: Support Services, e-PRO
As Treasury bond yields continue to increase so do the average mortgage rates on a 30 year fixed rate mortgage. The rates rose this week to 4.81% from 4.80% last week, according to mortgage giant Freddie Mac. The rates have continued to rise after hitting a low of 4.17 in November, which marked the [Read More]
Hope Now Data on Foreclosure Modifications
Author: Support Services, e-PRO
Lenders modified 1.76 million permanent loans for homeowners in 2010 thanks to lender in-house policies as well as the federal government's Home Affordable Modification Program (HAMP).It still remains unclear how many of the in-house modifications received are still current, however 1 out of every 5 [Read More]
Mortgage Fees are Rising
Author: Support Services, e-PRO
Although home prices are low and mortgage rates are low, the price of actually getting a mortgage is rising! Mortgage giant, Freddie Mac and sister company, Fannie Mae are raising the risk fees that they charge lenders on loans that they buy for resale to investors, for the first time in two years. [Read More]
Foreclosure Rates are Still Climbing
Author: Support Services, e-PRO
As unemployment rises, so does the number of foreclosures across the nation. U.S metropolitan areas that were once "relatively insualated" from foreclosures such as Chicago, Houston and Seattle, are now witnessed a growing number of foreclosures hitting the market.In a total count, the foreclosure a [Read More]

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