 Latest News and Information
For current news about real estate investment trends, locally and nationally, we recommend the following information:
- Mortgage applications more than double
Mortgage applications more than doubled last week, a mortgage bankers' group said Wednesday, as government bailouts led to sinking interest rates that made refinancing especially more attractive. - Step up foreclosure prevention
The nation's top banking regulator warned Tuesday that help for troubled homeowners is failing to keep pace with the foreclosure crisis. - Home sellers suffer amid wave of foreclosures
Selling a home in this market is hard enough. Competing in a neighborhood flooded with foreclosed homes that are heavily discounted is nearly impossible. - Freddie Mac mulls reverse stock split
Read full story for latest details. - Home renovations on sale
If you're struggling to see a silver lining in the beaten-down real estate market, consider this one: It may be a rotten moment to sell your house, but if you've postponed a much needed renovation project on your home - replacing a rotting deck, repairing a leaky roof or updating an antiquated bathroom - now just might be the best time in years to tackle that task. - Latest home prices - first quarter
Single-family home prices dropped 7.7% in the first quarter in the largest year-over-year decline since the National Association of Realtors began reporting prices in 1982. - Where home prices are headed next
The housing implosion is nowhere near over. In 75 of the 100 top U.S. cities, prices are expected to fall in the next 12 months according to Fiserv Lending Solutions. - Meltdown warning ignored
Read full story for latest details. - Mortgage fraud incidents up 45%
Read full story for latest details. - Mortgage rates plummet
Mortgage rates fell sharply yesterday after the administration announced that it will pump another $800 billion into credit markets to free up frozen consumer and mortgage lending. - New home sales near 18-year low
Sales of newly constructed homes slumped in October to an annual rate not seen since 1991, according to government figures released Wednesday. - Home prices in record decline
The home price plunge stayed on a record pace this summer, according to a widely watched gauge of national real estate markets released Tuesday. - Record number of borrowers get mortgage help
Mortgage lenders helped save a record 225,000 at-risk mortgage borrowers from losing their homes during October, according to a report issued Tuesday by a coalition of lenders, mortgage servicers, investors and counselors assembled to fight the foreclosure plague. - Existing home sales tumble
Sales of existing homes fell in October and prices continued to decline as potential buyers remain sidelined by the weak economy, according to a real estate group's report issued Monday. - Beauty without utility bills
Few homeowners can get excited about a costly maintenance project. But when John and Anne Harrison needed to put a new roof on their 50-year-old Oahu, Hawaii home four years ago, they saw an opportunity. - No job, bad mortgage - out of luck
All the foreclosure prevention plans announced to date will do little to help the next wave of delinquent homeowners, who can't make their monthly payments because they've lost their jobs. - U.S. tries new tack on housing
The Bush administration said Wednesday that it was changing its nearly-moribund mortgage rescue plan in an effort to spark more lenders and homeowners to participate. - Fannie and Freddie suspend foreclosures
Mortgage giants Fannie Mae and Freddie Mac have directed their network of servicers to halt all foreclosure and eviction proceedings between Nov. 26 2008 and Jan. 9, 2009, meant to give a recently announced rescue plan time to work. - Mortgage rescue or rip off?
If mortgage lending was the Wild West during the boom years, foreclosure-prevention counseling is the lucrative new frontier of the bust.
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