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Housing Affordability Rises to Highest Level in Four Years

WASHINGTON – Nov. 19, 2008 – With home prices decreasing and interest rates holding at historically low levels, the number of potential homebuyers nationwide who can afford to buy new and existing homes has reached the highest level in more than four years, according...

Freddie Seeks Government Aid After $25.3 Billion Loss

WASHINGTON – Nov. 17, 2008 – Freddie Mac is asking for an initial injection of $13.8 billion in government aid after posting a massive quarterly loss. The mortgage finance company is making the first request to tap the $200 billion promised by the Treasury Department...

HUD Announced New Permanent FHA Mortgage Loan Limits

WASHINGTON – Nov. 13, 2008 – U.S. Department of Housing and Urban Development (HUD) Secretary Steve Preston today announced the new Federal Housing Administration (FHA) mortgage loan limits for single-family homes as prescribed by the Housing and Economic Recovery Act...

Homeowners Cling to False Optimism About Own Home

TAMPA, Fla. – Nov. 13, 2008 – The housing market may have bust, but many homeowners are still living in a bubble. Despite dismal housing headlines and reports showing falling prices nationwide, owners in some once-hot areas still believe their home is gaining value or...

Florida’s Existing Home Sales Increase in Third Quarter 2008

ORLANDO, Fla., Nov. 13, 2008 – Sales of existing single-family homes in Florida rose 5% in third quarter 2008 compared to the same period last year, according to the latest housing statistics from the Florida Association of Realtors® (FAR). A total of 33,203 existing...

HUD Announces New Permanent FHA Mortgage Loan Limits

WASHINGTON – Nov. 12, 2008 – U.S. Department of Housing and Urban Development (HUD) Secretary Steve Preston today announced the new Federal Housing Administration (FHA) mortgage loan limits for single-family homes as prescribed by the Housing and Economic Recovery Act...