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June 2010 - Posts
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Daily Real Estate News | June 29, 2010 | addthis_pub = 'rmostaff'; addthis_logo = 'http://www.addthis.com/images/yourlogo.png'; addthis_logo_background = 'EFEFFF'; addthis_logo_color = '666699'; addthis_brand = ''; addthis_options = 'delicious, digg, Read More...
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Daily Real Estate News | June 28, 2010 Up to 180,000 home buyers will lose their tax credit through no fault of their own if Congress fails to pass an extension to the home buyer tax credit by June 30 when the closing deadline expires. Included in that Read More...
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Daily Real Estate News | June 24, 2010 In the wake of a slowing real estate market, the Federal Reserve said Wednesday that the economy is “proceeding” and pledged to hold interest rates at record low, near zero rates. One piece of good news, Read More...
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Daily Real Estate News | June 22, 2010 addthis_pub = 'rmostaff'; addthis_logo = 'http://www.addthis.com/images/yourlogo.png'; addthis_logo_background = 'EFEFFF'; addthis_logo_color = '666699'; addthis_brand = ''; addthis_options = 'delicious, digg, favorites, Read More...
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Daily Real Estate News | June 21, 2010 Expiration of the National Flood Insurance Program is leaving home buyers high and dry. Congress still hasn’t voted to extend the National Flood Insurance Program, which expired June 1. It provides most of Read More...
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Daily Real Estate News | June 18, 2010 The U.S. Justice Department said yesterday that it had charged 1,215 people over the last three years in mortgage fraud cases that resulted in estimated losses of $2.3 billion. In a little more than three months, Read More...
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Daily Real Estate News | June 18, 2010 Interest on five-year adjustable-rate mortgages averaged 3.89 percent for the week ended June 17, the lowest level since Freddie Mac began tracking the statistic in January 2005. One-year Treasury-indexed ARMs also Read More...
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Daily Real Estate News | June 18, 2010 Unrealistic buyers are ruining the deal for sellers who are unwilling to make extreme concessions, some real estate practitioners complain. ''We see buyers who must have learned their moves from the World Read More...
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Daily Real Estate News | June 17, 2010 The U.S. Senate voted Wednesday to extend the home buyer tax credit closing deadline to Sept. 30, giving an estimated 180,000 buyers who met the contract deadline of April 30 extra time to close the transaction. Read More...
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Daily Real Estate News | June 15, 2010 Anyone trying to rent or sell a property on the Gulf Coast should keep these issues in mind. • Don’t panic . The next few months could be difficult, but this too shall pass. • Be forthright . Address Read More...
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Daily Real Estate News | June 15, 2010 Some experts are saying that the next big real estate problem could be a shortage of homes. Only 672,000 new homes were started in April. That’s less than half the number needed to meet the country’s Read More...
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Daily Real Estate News | June 16, 2010 State Farm, the nation’s largest insurer of homes, is opting out of the National Flood Insurance program. The company blamed severing its relationship with the flood insurance program on the government’s Read More...
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Daily Real Estate News | June 16, 2010 For the first time in more than a month, the number of mortgage applications to purchase homes rose last week. On an adjusted basis, the Mortgage Bankers Association purchase index increased 7.3 percent compared Read More...
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Daily Real Estate News | June 14, 2010 Some recovery in the labor market and record low mortgage rates could help offset some of the pressures on the housing market, according to a new study released by the Joint Center for Housing Studies at Harvard Read More...
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Daily Real Estate News | June 14, 2010 To help create more affordable housing opportunities for public and private sector workers in the Southeast, the National Association of REALTORS ® has partnered with the National Housing Conference to host a Read More...
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Daily Real Estate News | June 7, 2010 A small survey of first-time home buyers found that more than half of the families were surprised at how expensive it was to own a home, even though 88 percent believed they had done a good estimate of the costs. Read More...
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Daily Real Estate News | June 8, 2010 In a June 7 question-and-answer session at the Woodrow Wilson International Center for Scholars, Federal Reserve Chairman Ben Bernanke predicted a slow economic recovery, with unemployment rates in the double digits Read More...
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Daily Real Estate News | June 10, 2010 Two Connecticut real estate practitioners are scheduled to be sentenced in August to time in federal prison after pleasing guilty to fraud in a scheme that involved short sales. The practitioners admitted to engaging Read More...
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Daily Real Estate News | June 9, 2010 A report analyzing national mortgage fraud risk in the first quarter of 2010 says it has increased by 4 percent compared to the fourth quarter of 2009 and is up 11 percent from the first quarter a year ago. Other Read More...
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Daily Real Estate News | June 11, 2010 The National Association of REALTORS® today expressed thanks on behalf of America’s homebuyers to three Senators for introducing a measure to extend the present home buyer tax credit closing deadline to Read More...
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Daily Real Estate News | June 4, 2010 Interest on 30-year fixed home loans averaged 4.79 percent this week -- up slightly from 4.78 percent a week ago but still near historic lows. The average rate on 15-year fixed loans hit a record low of 4.2 percent, Read More...
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Daily Real Estate News | June 3, 2010 | Builders, designers, and architects say now is a great time to build a new custom home or remodel an existing one. Not only are there plenty of unemployed and under-employed workers available, but also property Read More...
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Daily Real Estate News | June 1, 2010 Companies are changing and expanding relocation policies to accommodate employees who otherwise are refusing transfers because they don’t believe they will be able to sell their homes for enough money. Worldwide Read More...
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Daily Real Estate News | May 25, 2010 There still isn’t enough private capital in the home loan market – a sign of a “very sick system,” said Federal Housing Administration Commissioner David Stevens, who spoke to the Mortgage Read More...
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Daily Real Estate News | May 26, 2010 Borrowers eager to lock in a very low-rate mortgage should apply in the next day or two, says Bankrate.com mortgage analyst Holden Lewis. Rates haven’t been this low since the 1950s, he says, adding that rates Read More...
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Daily Real Estate News | May 27, 2010 Sales of new homes jumped in April, climbing 14.8 percent to a seasonally adjusted rate of 504,000 last month, up from 439,000 in March, the U.S. Commerce Department reported Wednesday. Sales were up 47.8 percent Read More...
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