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Brought to you by Kris Ruthford and Distinctive Homes & Properties. For more information on Pristine Place real estate call Kris at Cell: 352-277-6106.
| Trends in buying and selling real estate |
The Real Estate Journal
Condo-Hotel Buyers See Investments Sour
Many investors who purchased condo hotel rooms during the real-estate boom are wishing they hadn't. Some frustrated owners are bringing these projects to the attention of regulators.
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Five Questions to Ask Before Remodeling
Before you redo your home make sure you know how big a renovation you can afford and how long you will remain in your residence.
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Mortgage Relief Programs Aren't Helping Much
Up until now, state efforts to help distressed homeowners refinance have had negligible results. A new federal bill may give them additional tools.
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Selling History By the Square Foot
In a backlash against vinyl-clad McMansions developers are creating communities with houses that look like they were built centuries ago, but with modern trappings.
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FHA Loans Grow Costly As Banks Add Fees
Lenders that make loans insured by the Federal Housing Administration are adding costs and restrictions that make those mortgages more expensive for consumers and less widely available.
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States Move Fast On Mortgage Aid
Local governments are acting more aggressively to help homeowners avoid foreclosure, frustrated by what they view as the federal government's inadequate response to the mortgage crisis.
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Fine Tuning the Picture On the Foreclosure Mess
It's not always easy to get an accurate sense of how many foreclosures there actually are and which U.S. locales are the hardest hit. June Fletcher explains why.
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| Real Estate and Mortgage News |
RealNews
Record drop in home prices and consumer confidence at record low
S&P reported another big drop in its Case Shiller Home Price Index, which covers the top 20 metropolitan areas in the US and the Conference Board reported that US consumer confidence fell to a record low. 14 of the 20 cities indexed had annual declines of more than 10% from October 2007 to October [...]
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Interest rates at 37-year low
Freddie Mac and the Mortgage Bankers Association are both reporting 30-year rates near 5% and 15-year Fixed Rate Mortgage (FRM) rates below 5% for a second week. Buyers have responded aggressively to the lower rates, with mortgage applications for home purchases up more than 10% last week.
With prices dropping in both the existing home and [...]
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Mortgage rates below 5%
The Mortgage Bankers Association and Freddie Mac both reported good news for those needing to refinance mortgages and those with resetting ARMs with the MBAA reporting an average 15-year Fixed Rate Mortgage (FRM) rate below 5% and Freddie Mac reporting a 1-year ARM rate below 5% and 15-year FRM rates below 5%. Even 30-year FRM [...]
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Creative Financing: Help During the Housing Downturn
With home prices falling in many parts of the country, sales slower than normal in other parts and mortgage standards higher than any time since the late ’80s, buyers and sellers can both benefit from creative financing - owner finance, lease options, lesser known grant and loan programs, and more. Buyers stand to benefit [...]
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Mortgage rates drop, housing news mixed this week
This week brought more muddled news for the housing market. Both Freddie Mac and the Mortgage Bankers Association reported drops in Fixed Rate Mortgage (FRM) rates and increases in Adjustable Rate Mortgage (ARM) rates this week. Last Friday, the Mortgage Bankers Assocation reported mortgage delinquency rates at an all time high, two days [...]
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The best sign yet - Record jump in mortgage applications
The Mortgage Bankers Association reported a record weekly increase in mortgage applications as rates fell on long term Fixed Rate Mortgages (FRM) last week. Freddie Mac reported rates down for the week ending December 3, as well, though the rates were higher than the MBAA reported rates from the week ending November 28, possibly indicating [...]
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Foreclosure freezes announced amid mixed housing news
The housing news this week has been a mixed bag, with good news on interest rates and a decline in new housing starts offset by a drop in new mortgage applications and with Freddie Mac and Fannie Mae following the lead of Citigroup, JP Morgan Chase and Bank of America in announcing a foreclosure freeze.
Thursday [...]
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| News for Homebuyers and Sellers |
Inman News
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