Windsor, Conn. — While flood insurance is not mandatory for homeowners outside of a high-risk area, anyone can be financially vulnerable to floods. People outside of high-risk areas file more than 25% of NFIP claims and receive one-third of disaster assistance for flooding. Residential and commercial property owners who are not located in high-risk...
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Real estate licensees have five months remaining to earn 14 hours of continuing education (CE) credit before the State’s Real Estate Commission’s license renewal deadline of May 31, 2012. New licensees who received their licenses between Dec. 1, 2009 and Nov. 30, 2011, are required to take 14 hours of CE in specific, mandatory commission-developed...
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Most homeowners in the Northeastern United States did not think they needed to worry about their homeowner’s insurance covering damage from an earthquake; however, most homeowner’s insurance does not cover earthquakes. After the 2011 earthquake in Virginia, FEMA has issued the following statement: Common Misunderstandings Could Delay or Limit Your Assistance Virginia’s earthquake declaration has spanned five...
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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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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 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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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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Building Permits, Housing Starts, and Housing Completions or the letters indicate a document is in the Microsoft® Excel® Spreadsheet Format (XLS). To view the file, you will need the Microsoft® Excel® Viewer available for free from Microsoft®. or denotes a file in Adobe’s Portable Document Format. To view the...
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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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