Freddie Mac’s new Standard Short Sale program has been underway for three months, but the program is finally gaining in notoriety. The GSE has been working overtime to get the word out about the program in order to grow it and bring attention to the...
Whether you’re purchasing a home for the first time or the fifth time, your inspection is one of the most important parts of the transaction. There are a number of things a real estate inspection covers, including reviewing the home in its entirety to shield...
According to a new report, most U.S. consumers fall short when it comes to reviewing their credit reports on an annual basis. When it comes to purchasing a big-ticket item like a home or a car, most people realize just how big of a part...
The Consumer Financial Protection Bureau’s (CFPB) recently unveiled their new qualified mortgage (QM) rule, which was created to protect both consumers and lenders. The Ability-to-Repay rule goes into effect in January 2014 and specifies that all new mortgages must comply with basic requirements that protect...
2012 is a thing of the past, but the end of the year brought good news with regard to the real estate industry. And the general mood is a good one. When asked about how home prices in their local market might rise as part...
Some large real estate brokerages are moving away from national real estate portals who use advertisements to help pay the bills. With so much going on for the consumer on these sites, brokerages are getting fed up and want to give their customers a better...
Home prices have continued to climb over the past year, helping some homeowners with negative equity finally bring their heads above water. Economists are hopeful that negative equity will continue to shrink in the coming months. In a recent report by Capital Economics, they said,...
A surge in demand has helped to drive prices higher, but has also diminished the supply of homes. In October, inventory was down 1.4% from the previous month, and 2.14 million homes were listed for sale. Many sellers are realizing that the market has shifted...
It’s amazing to think that in just a few short weeks, it will be time to ring in 2013. Before that happens, many people are finalizing their holiday shopping. Black Friday and Cyber Monday were, again, some of the biggest shopping days ever, so it...
One specific provision in California’s Homeowner Bill of Rights could be the reason California has seen a spike in cancellations of foreclosures. Although the Homeowner Bill of Rights doesn’t go into effect until 2013, the state has already seen a surge in foreclosure cancellations. According to...
