Real Estate News
The real estate market is a busy place which can make it near impossible to keep up on everything that’s going on. Many real estate agents rely on the news to keep them informed about market trends and changes since they often effect the day to day business of professionals like yourself. This page is where you can find all of the latest news headlines for the always changing real estate industry.
Mortgage applications surge by record
Mortgage applications surged by the largest amount on record last week as a new Federal Reserve program pushed interest rates down to their lowest level in more than 3 years.
New crisis, in commercial real estate, looms
The full scope of the housing meltdown isn?t clear and already there are ominous signs of a new crisis ? one that could turn out the lights on malls, hotels and storefronts nationwide.
Affordable places to ride out the downturn
Earlier this month, unemployment hit a 20-year high, rising to 6.5 percent over the month before.
Mortgage rates fall, if you can get a loan
Mortgage rates fell for the second day in a row Wednesday, and could be heading toward levels home buyers and owners haven?t seen this year.
New home sales fall to slowest pace since 1991
Sales of new homes fell in October to the lowest point in nearly 18 years while the median price of a new home dropped to the lowest level since 2004.
Home prices tumble by record in 3Q
Home prices tumbled by the sharpest annual rate on record in the third quarter, according to two widely watched indexes released Tuesday, and the trend is expected to get worse.
Home prices tumble to 2004 levels
Sales of existing U.S. homes fell more than expected last month, as economic fears made buyers leery even though prices plunged to the lowest level in more than four years.
Freddie, Fannie suspend foreclosure actions
Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 U.S. households during the holiday season.
U.S. home construction at record low
A government report says construction of new homes plunged 4.5 percent last month to the lowest level on government records.
Homebuilder sentiment plunges to new low
The National Association of Home Builders says its housing market index plunged to another record low this month.
FDIC plan could help 1.5 million keep homes
Publicly breaking with the Bush administration, the FDIC proposed to use $24 billion in government funding to help 1.5 million American households avoid foreclosure.
Foreclosures spike 25 percent year-on-year
The number of homeowners caught in the wave of foreclosures in October grew 25 percent nationally over the same month in 2007, data released Thursday showed.
New breed of investor looks to housing market
Falling prices and rampant foreclosures are not the stuff of healthy housing markets. But to some real estate investors, the dismal market can signal that it is time to invest.
2009 commercial real estate outlook darkens
The 2009 outlook for the commercial real estate sector has turned suddenly bleak. Rents and vacancies at shopping centers and office buildings will suffer the most.
U.S. might widen foreclosure help program
The government may let more borrowers qualify for a $300 billion program designed to let troubled homeowners swap risky loans for more affordable ones, a top Bush administration official said Wednesday.
5 real estate markets most likely to rebound
It’s tough all over, but some say these 10 cities have the best ? and worst ? chances for speedy recoveries.
Homeowner denial: My home is gaining value
Despite dismal housing headlines and reports showing falling prices nationwide, owners in some once-hot areas still believe their home is gaining value or at least holding its own.
Number of first-time home buyers is increasing
Low home prices and excess supply helped drive a rise in first-time U.S. home buyers and reduce excess inventory, according to a study released Saturday by The National Association of Realtors.
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