Source: Wall St. Journal First-time home buyers only made up 29 percent of sales of previously owned homes in October, and these buyers have represented less than 30 percent of all buyers in 18 of the last 19 months. However, according to Lawrence Yun, chief economist for the National Association of REALTORS®, some growth is […]
HUD No. 13-167 HUD Public Affairs (202) 708-0980 Treasury Public Affairs (202) 622-2960 FOR RELEASE Friday November 8, 2013 OBAMA ADMINISTRATION RELEASES OCTOBER HOUSING SCORECARD Providence, Rhode Island housing market continues to show signs of significant improvement WASHINGTON- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today […]
The California housing market had a decent performance in 2013 so far. For the first nine months of 2013, sales of existing single-family detached homes were down 3.2 percent when compared to the same period of last year. This decline in sales was attributed partially to the hike in interest rates in recent months, as […]
October 2013 U.S. Economic and Housing Market Outlook MCLEAN, VA–(Marketwired – Oct 22, 2013) – Freddie Mac (OTCQB: FMCC) released today its U.S. Economic and Housing Market Outlook for October showing that the federal government shutdown, debt ceiling issues, and the slowing economy — including the severely depressed level of new home construction — are […]
California real estate markets in 2013 have so far been riding on a fast and furious road to recovery. Housing prices rose precipitously in some markets, particularity in the Bay Area, that some experts even started talking about reoccurrence of a bubble. Dramatic increase in prices however was largely driven by lack of available inventory […]
A recent California court decision, Dromy v. Lukovsky, permitted the real estate agent to hold open houses at a tenant-occupied property. Here are the details: – Licensed real estate agent’s shall be entitled to hold two open houses per month. – May be held on weekend days between 1:00pm and 4:30pm. – Seller’s agent shall […]
According to the Saturday edition of the Hi-Desert Star, the Super Walmart at the corner of Hwy 62 and Avalon should be open for business in June.
WASHINGTON–Payments to 4.2 million borrowers are scheduled to begin on April 12 following an agreement reached by the Office of the Comptroller of the Currency and the Federal Reserve Board with 13 mortgage servicers.The agreement, which was reached earlier this year, provides $3.6 billion in cash payments to borrowers whose homes were in any stage […]