National Real Estate Blog

Harry Reid, Senate Majority Leader, announced his intensions to extend the Homebuyers Tax Credit by three months, in order to allow homebuyers that might not meet the closing deadline of June 30th, some extra time.The Homebuyer Tax Credit, a government run program that offered up to $8,000 in tax cr [Read More]

Rates on a 30 year fixed rate mortgage dropped to 4.72% this week to the lowest level of 2010, according to mortgage giant, Freddie Mac. Freddie Mac collects rates from lenders across the nation Monday through Wednesday, as rates are closely tied in with long-term treasury bonds they can fluctuate s [Read More]

The existing home sales rose once again last month according to the National Association of Realtors (NAR).  Sales increased 7.6% in a monthly comparison with March and 22.8% in an annual comparison with 2009, increasing consumer confidence. Lawrence Yun, Chief Economist at NAR, stated " [Read More]

Housing starts jumped 5.8% nationally in April 2010, the month that the Homebuyers Tax Credit expired, according to the U.S. Commerce Department.According to Bob Jones, the Chairman of the National Association of Home Builders (NAHB), "While some of the starts activity noted in today's report reflec [Read More]

Rates on a 30 year fixed rate mortgage has dropped drastically, according to mortgage giant Freddie Mac. Coming in at an even 5%, these rates are lowest the market has seen since the end of March this year.Many economists feared the worst when the FED program that pumped $1.25 billion into mortgage [Read More]

Fannie Mae and Freddie Mac purchase mortgages from lenders and then turn around and sell them to investors with a "guarantee against default". Although, the government purchased Fannie Mae and sibling company Freddie Mac in 2008, keeping Fannie Mae in business has cost them $126 billion to date. Fan [Read More]

When purchasing a new home, the sales price of the home appears to be the number that sticks out in most people’s mind, however that number can lead to a false impression of what it will cost to purchase a new home. There are many other fees that can be hidden or plain just not thought of whe [Read More]

Home sales are rising and unemployment benefit claims are dropping; sounds like a recipe for economic recovery! After three consecutive months of declining numbers on the sales of previously occupied homes, March of 2010 saw a significant rise in sales, according to the National Association of Re [Read More]

Today is Earth Day and its time to celebrate .  Using Earth friendly items around your home increases the selling opportunity and also helps with environmental issues.  Lets start with solar power.  Solar power is now becoming more affordable nationally across the board.  You ca [Read More]

Lawn maintainence while a property is up for sale is one of those things that everybody hates, no one knows who is supposed to do it, and is an all round pain in the butt.  One of the things I would do is hire a reputable lawn care company.  Fertilize the yard and kill the weeds.  If [Read More]