by admin | Oct 8, 2008 | News
WASHINGTON – Oct. 8, 2008 – Pending home sales activity surged as buyers took advantage of low home prices and affordable interest rates, according to the National Association of Realtors® (NAR). The Pending Home Sales Index (PHSI), a forward-looking indicator based...
by admin | Oct 6, 2008 | News
SPRINGFIELD, Ill. – Oct. 6, 2008 – Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. (who now owns Countrywide Financial Corp.) has agreed to modify tens of thousands of loans to keep people in 11 states from losing their homes, the Illinois...
by admin | Oct 3, 2008 | News
WASHINGTON – Oct. 3, 2008 – Rates on 30-year mortgages have risen for a second straight week, climbing to the highest level in a month. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.10 percent this week, up slightly...
by admin | Oct 2, 2008 | News
WASHINGTON – Oct. 2, 2008 – A new program rolled out by HUD yesterday could help more homeowners avoid foreclosure. Under the program, the lender of an existing subprime mortgage forgives part of the debt as if it’s a short sale, and the balance of the mortgage is...
by admin | Sep 28, 2008 | News
Home sales in September were up 51% but values continued to sink as the median price fell by 22%, the Florida Association of Realtors reported. The dramatic rise in sales may have been little comfort for the industry as home values fell from $233,800 in September 2007...
by admin | Sep 28, 2008 | News
The Orlando real estate market continue to show signs of improvement with a 4.6% increase in existing home sales in November however the median sale price fell by 29% from the previous year. 1,076 existing home sales was 43.6% less than 1,545 which sold in October and...
