National Real Estate Blog

Mortgage rates on a 30-year fixed rate mortgage jumped again for the second consecutive week, according to mortgage giant, Freddie Mac.Rising to 4.80% from 4.74% the week before, the rates are expected to continue the upward trend. Although, even with the remarkable low mortgage rates, sales fell 4. [Read More]

According to the National Association of Realtors (NAR) Pending Home Sales Index (PHSI), pending home sales jumped a little bit higher during the month of December by 2% in a monthly comparison.The Pending Home Sales Index reflects only contracts NOT closings, making the index and indication of what [Read More]

Existing home sales (completed transactions) jumped across the nation in December in an annual comparison, according to the National Association of Realtors (NAR). The 12.3% rise marked the 5th time in the last 6 months that sales have increased.December was a good finish to 2010, when sales fluctua [Read More]

Personal bankruptcy filings jumped 40% last year in South Florida in an annual comparison, according to the US Bankruptcy Court in Miami, totaling 34,579 just in Broward, Palm Beach and Miami-Dade counties alone!Although South Florida has ranked high in the amount of bankruptcy filings for 2010, the [Read More]

Pending home sales rose in November for the fourth time since the summer of 2010! According to the National Association of Realtors (NAR), the 3.5% increase in the number of Americans that signed contracts to buy homes rose in the west and Northeast but dropped in the South and Midwest.In a yearly c [Read More]

Applications for mortgage loans fell to the lowest level in almost a year, according to The Mortgage Bankers Association.? The seasonally adjusted index of mortgage applications revealed a decrease of 18.6%, which reflects the lowest level seen since the first week in January of 2010. The seasonal [Read More]

According to MSNBC, during the month of November, more homebuyers purchased previously owned homes than new homes. Although this rise reflects the 3rd increase in 4 months, 2010 is turning out to be the worst year for homes sales in over a decade.The national median sales price of homes sold in Nove [Read More]

According to experts the housing market is expected to remain in disrepair for years to come. However, not all markets are equally troubled; some markets are expected to see improvement while others will continue to struggle with foreclosures, high mortgage rates and distressed properties.Rick Sharg [Read More]

New property appraisal guidelines have been released by the FED, the Office of the Comptroller of the Currency, the office of Thrift Supervision, the Federal Deposit Insurance Corp. (FDIC) and the National Credit Union Administration.Setting a standard, the new guidelines require that banks not tell [Read More]

Due to the record low mortgage rates, 95% of the borrowers across the nation opted on a fixed-rate mortgage during the third quarter, according to the US Federal Loan Mortgage Corp.Mortgage rates have continued to drop since the spring of this year, when the European Debt Crisis forced investors to [Read More]