National Real Estate Blog

Off the shores of Connecticut, lay two lighthouses that will go up for sale in the summer of 2014 for the price of a plan that will preserve the beacons.This is a two-step process, according to the National Historic Lighthouse Preservation Act of 2000.The first step is that the Straford Shoal Light [Read More]

Closing short sales has been quite a challenge for real estate professionals since the real estate industry has been struggling, however Fannie Mae has introduced a new tool to help ensure a fair sales price during the process. According to Jay Ryan, VP for real estate sales at Fannie Mae, Our objec [Read More]

While the economy is struggling across the nation, many consumers are looking for ways to cut costs.One significant area that can be reviewed is your home insurance policy.By making a few changes and tweaks here and there you could save yourself hundreds of dollars while improving your home value. A [Read More]

According to the Mortgage Bankers Association (MBA) report, mortgage applications dropped by 7.3%, applications for refinancing dropped 8% and the purchase index fell 4%.The Wall Street Journal reports that Low interest rates have attracted new buyers and persuaded many home owners to refinance thei [Read More]

Although home prices across the nation are still 29% below their peak, they jumped 8.1% during the 12 months that ended in January, according to the Standard & Poor's/Case Shiller 20-city home price index. The steady home price increases are enabling recovery in the housing industry in an effort t [Read More]

According to the summer 2012 Rent vs. Buy Report released by Trulia, buying homes is a better deal than renting considering all the top 100 cities across the country. The study included a comparison of homes for sale and homes for rent on the Trulia site between June 1st and August 31, 2012. T [Read More]

According to the National Association of Realtors (NAR) the Federal Housing Finance Agency (FHFA) is currently working with mortgage giants, Fannie Mae and Freddie Mac to create new guidelines that will expand the eligibility criteria for the short sale process. These new guidelines will inclu [Read More]

Homeownership is experiencing the lowest rates seen in 13 years, according to the U.S. Census Bureau Reports. The homeownership rate reached a record high of 69.2% during the second and fourth quarters of 2004, a sight not seen in 7 years. In June of this year they dropped to a low of 65.9%, in an a [Read More]

There is talk of the Obama Administration considering a plan that would not only take a large portion of the foreclosed homes off the market, but will provide more homes available to rent. This move is in an effort to prevent the drop of home values, according to the Wall Street Journal.Foreclosed h [Read More]

Existing home sales dropped in June by .08%, however home prices took a slight incline, according to the National Association of Realtors (NAR). The gains in the Midwest and the South offset the loss in the Northeast and West.According to Lawrence Yun, Chief Economist of NAR, Home sales had been tre [Read More]