Anyone looking for a definitive answer to the question about the outlook for the 2009 real-estate market need look no further than Inman News to see why one isn't in the offing.
In the afternoon edition of today's Inman "Daily Headlines," the first two items are Read More
I got an e-mail recently from Dave Erickson, past president of the Washington Association of Mortgage Brokers, who wants prospective homebuyers to know that there's mortgage money out there and rates have been going in the right direction for borrowers. Here's his e-mail:
Did you know? Rates have fallen around 1% for a 30 year rate over ...Read More
This is one of those weeks when home-sales reports make my head spin around. Three reports came out Monday; one, yesterday; and one, today. That I know of. There are probably more I don't know about. I'm sure some of you can keep them straight, but for the rest of you -- and mostly me -- I'll recap and give you a little insight about each report...Read More
Fannie Mae and Freddie Mac are suspending foreclosures for the holiday season -- Nov. 26 through Jan. 9 -- while lenders ready a new loan-modification program aimed at preventing reducing the number of foreclosures by allowing homeowners to refinance into loans with more favorable terms.
The two government-sponsored enterprises own or gu...Read More
The Comptroller of the Currency (I want a cool title like that) sent out this press release. Seems that the man himself, John Dugan, defended the 31-year-old Community Reinvestment Act (CRA) yesterday in a speech to the Enterprise Annual Network Conference in Baltimore.
Thank God. Windermere Real Estate finally upgraded its Web site, and I, for one, am grateful.
The upgrade makes it easy to "cruise" a neighborhood to check out its listings. You can zoom in to check out listing in a particular area you might like to call home. After you plug in search criteria, yo...Read More
No, not this writer. I'm talking about columnist Jon Lansner, who writes about real estate at the Orange County Register.
He says the government should double the mortgage-interest deduction, which would give homeowners a $2 deduction for every $1 they pay in mortgage interest. Check it out Read More
"Kung Fu Panda" was not available at my local video store, and I couldn't watch "Stick It" or "Over the Hedge" again, so I had to rent something else for a Saturday move night. The famiy-oriented choices were slim, and I settled for the only one I could find: "Kit Kittredge: An American Girl."
Sweet movie, really, but it scared the crap ...Read More
Last month's foreclosure numbers from RealtyTrac rocketed into the stratosphere, more than tripling in King County from September and from the previous October. Definitely depressing news after September's positive numbers.
Specifically, 935 homes in King County were issued a "notice of trustee sale," which means auction dates were set f...Read More
From elizabeth Rhodes, reporting from the National Association of Realtors conference in Orlando:
ORLANDO, Fla. -- You'd think that all those "Lifestyles of the Rich and Famous" kitchens and bathrooms would sell themselves, but no. Million-dollar homes are languishing on the market as long -- or longer -- than their more moderately price...Read More