Existing-home sales continued on an uptrend in December, rising for three consecutive months and remaining above a year ago, according to the National Association of Realtors®.
The latest monthly data shows total existing-home sales1 rose 5.0 percent to a seasonally adjusted annual rate of 4.61 million in December from a downwardly revised 4.39 million in...
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Real Estate And Mortgage News
- Pending Home Sales Decline in December, Remain Above a Year AgoAfter reaching a 19-month high, pending home sales eased in December but stayed above year-ago levels. […]
- Homeownership Matters to NationPresident's speech supports homeowners and struggling housing market. […]
- Looking Mortgage Fraud in the FaceBy VP Joan Ferenczy Mortgage fraud doesn't look like a TV crime scene with yellow tape and flashing lights. It generally doesn't show up on security camera footage or in the sort of dramatic photos that make the front page or go viral on the Internet. That's because mortgage fraudsters, like any predators, rely on camouflage to hide their inte […]
- December Existing-Home Sales Show UptrendExisting-home sales continued on an uptrend in December, rising for three consecutive months and remaining above a year ago. […]
- HUD charges owner and manager of Milwaukee rental home with discrimination for denying the home to a mother of two because she has disabilities.HUD charges owner and manager of Milwaukee rental home with discrimination for denying the home to a mother of two because she has disabilities. Read the charge […]
The Economy
- New Residential ConstructionPrivately-owned housing starts in December 2011 were at a seasonally adjusted annual rate of 657,000. This is 4.1 percent (+/- 11.6%)* below the revised November 2011 estimate of 685,000. December 2011: -4.1 % change November 2011: +9.1 % change […]
FEMA
- Public Invited To Comment On Cleveland Co, OK Preliminary Flood MapsDENTON, Texas -- After months of collaboration and the continuous sharing of information resulting in preliminary flood maps, officials with Cleveland County and the Federal Emergency Management Agency (FEMA) are now asking the public to participate in a 90-day comment period. […]
- Common Misunderstandings Could Delay or Limit Your AssistanceMIDLOTHIAN, Va. -- Virginia's earthquake declaration has spanned five months and much of central Virginia. News outlets in and around the disaster area diligently spread the Federal Emergency Management Agency (FEMA) message, but often residents hear second-hand information, rumors and half-truths about how to get access to the assistance programs avail […]
- Changing Weather May Reveal Earthquake Chimney DamageMIDLOTHIAN, Va. -- Masonry chimneys and fireplaces are especially vulnerable to earthquake damage, and many Virginia residents experienced such damage firsthand. The Federal Emergency Management Agency's (FEMA) inspectors have visually inspected nearly 4400 homes and in nearly 30% of those visits, inspectors suspected chimney damage. […]
Existing-Home Sales Show Uptrend
Homebuyer’s First Steps
Mortgage rates are at 50-year lows – the 30-year fixed-rate mortgage averaged 3.95 percent at the close of 2011 – making homeownership more affordable than ever for families with a stable income and good credit. But before you begin house hunting in earnest, it’s important that you get the facts about buying a home...
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Montgomery County Real Estate
Montgomery County Recorder of Deeds NANCY J. BECKER is urging recorders/registers of deeds across state and the country to withdraw public money from any banks affiliated with the Mortgage Electronic Registry System (MERS), which she claims is undermining the practice of accurate land recording.
In recent years, mortgages have been assigned and...
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The Future Of Housing
Six Key Principles for the Future of the Housing Finance Market
By Feddie Mac CEO Ed Haldeman
Freddie Mac was chartered by Congress in 1970 with a public mission to stabilize the nation’s residential mortgage markets and expand opportunities for homeownership and affordable rental housing. Our statutory mission is to...
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New Residential Construction
Building Permits, Housing Starts, and Housing Completions
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Existing Home Sales
Washington, DC, November 21, 2011
Existing-home sales improved in October while the number of homes on the market continued to decline, according to the National Association of Realtors®.
Total existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 1.4 percent to a seasonally adjusted annual rate of 4.97 million in October...
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Houses for Sale by the U. S. Government
The HomeSales.gov web site provides current information about single family homes for sale by the U.S. Federal Government. These previously owned homes are for sale by public...
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Flood Insurance Reform
“The National Association of Realtors® is pleased that a continuing resolution passed by Congress today included a short-term extension of the National Flood Insurance Program, but still believes a longer term extension is needed to ensure access to affordable flood insurance for millions of homeowners.
“As the leading advocate for homeownership...
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New Residential Home Sales
New home sales and existing home sales are released each month at about the same time. Many comparisons are made between the two series, but before doing any comparisons, one must be aware of some definition differences that affect the timing of the statistics.
The Census Bureau collects new home sales based upon the following...
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Making Homes Affordable
The Advertising Council, in partnership with the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development (HUD), announced today the launch of a national public service advertising (PSA) campaign designed to encourage homeowners who are struggling with their monthly mortgage payments to learn about the Making Home Affordable Program....
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How Do I Identify Loan Officers?
The loan origination business was like the wild west. Now, there is a new sheriff in town:
WASHINGTON (Reuters) – Mortgage loan originators will have to be fingerprinted and sign up to a central registry to do business in future, according to final rules issued on Wednesday by the Federal Reserve and other regulators.
The...
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International Interest in U.S. Homeownership
The following article is part of a long term study The Golden Rule’s Social Justification.
ARTICLE
International home buyers are increasingly attracted to property in the U.S., according to the National Association of Realtors®’ 2010 Profile of International Home Buying Activity. Several factors, including the strength of the dollar, the value and desirability of U.S. real...
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Greater Philadelphia Region
- Benefit Dinner For Occupy PhiladelphiaYou are invited to a dinner to benefit Occupy Philadelphia Friday, February 10, 2012 6:00 p.m. at the Friends Center 1501 Cherry Street, Philadelphia *a children’s program will be provided. Hundreds, perhaps thousands, of Philadelphians have quietly supported Occupy Philadelphia from the background. Though the encampment has been disbanded for the winter, Oc […]
- Philadelphia Orchestra 155th Anniversary ConcertThe Philadelphia Orchestra returns once again for a performance in the magnificent Academy of Music for the 155th Anniversary Concert on Saturday, January 28, 2012. Music Director Designate Yannick Nézet-Séguin will make his Academy of Music debut conducting The Philadelphia Orchestra, with special guests multiple Grammy Award-winners singer/pianist Diana Kr […]