National Real Estate Blog

HOMEBUYER TAX CREDIT? The US Senate will be voting Tuesday, it appears. The stimulus package they will be voting on includes a $15,000 home buyer tax credit (or 10 percent of a home's selling price, whichever is less) This credit would apply to all buyers of a principle residence home. The cu [Read More]

Freddie Mac announced on Friday, January 30, 2009 that they will begin to offer leases to renters that are facing eviction as a result of foreclosure and will also put a halt on evictions through February of 2009. The leases will be on a month to month basis allowing these tenants that have paid th [Read More]

Fannie Mae is testing a small pilot program in Orlando, Orange County, Florida in order to speed up real estate short sales. Orlando, Florida has risen above the larger real estate markets in Florida to become one of the leading areas for single family home resales during the last year. The pilot [Read More]

Good news! Good news! It appears that due to the low interest rates, the United States mortgage applications are on the rise! During the first week of 2009, refinance applications rose to the highest level since 1993! Since Fed has committed themselves to buying mortgage-backed securities, the int [Read More]

According to CNN Money, the total loss of jobs during the year of 2008, was an incredible 2.6 million, the highest that it has been since 1945 at the end of WWII! Although many still believe that lowering interest rates on mortgages will stimulate the real estate market, which will in turn boost th [Read More]

The amount of applications filed for residential mortgages in the United States has dropped again. This could be a direct result of the discussions that the Fed is having in regards to buying billions of dollars in mortgage-backed securities in order to lower the mortgage interest rates again. It c [Read More]

It looks as if Renters DO have rights after all, well, at least they do now! According to CNNMoney, Fannie Mae is willing to sign close to 4,000 new leases for tenants living in foreclosed homes that are looking at eviction notices. All the details are not being announced at this time, however a ne [Read More]

On Thursday, May 8, 2008, the House passed a homeowner rescue plan that will provide cheaper, government-backed mortgages to half a million borrowers and has plans to bolster an economy crippled by the housing crisis. Ignoring the veto threats from President Bush, the House approved the measure by [Read More]

Housing prices dropped in February 2008 at the fastest rate ever recorded, a widely watched index showed on Tuesday, April 29, 2008. The index showed that the housing slump is gaining momentum and showing no signs of letting up. The Standard & Poor’s/Case-Shiller home price [Read More]

In March of 2006 the home sales in Tampa-St. Petersburg-Clearwater were taking a plunge of 26 percent. During that time, Ocala, Tallahassee, Gainesville and Jacksonville were still on an upward rise of home sales. However, those cities couldn't keep themselves from the drop of the housing mark [Read More]