National Real Estate Blog

The Obama Administration program, aimed at providing modifications to second mortgages, is starting to make progress.  The program, known as 2MP, offers incentives such as extending the term of loan to 40 years and lowering monthly payments, to qualified lenders, borrowers and investors alike [Read More]

The commercial real estate market was hit pretty hard during the economic crisis, however recently property prices are seeing a slight incline when compared to the fall of 2009.  Foreclosures still remain an issue in the commercial real estate market, yet according to Richard Parkus, Deutsche [Read More]

Many analysts are concerned for the housing market after the federal tax credit expires at the end of this month, but have no fear; more incentives are coming!   As existing home sales are on the rise, new home starts are starting to move again, however they are moving slowly.  Builders [Read More]

The Obama Administration devised a foreclosure prevention program, Home Affordable Modification Program (HAMP) that enabled troubled homeowners to reduce their mortgage payments to 31% of their pre-tax income.  After following the guidelines during the homeowner’s trial modification of t [Read More]

Fannie Mae made an announcement last week offering a six-month relief on mortgage payments to homeowners suffering with Chinese Drywall, in addition, the relief will not be recorded to the credit bureaus.  In response to the announcement, three US Senators have requested that the same relief b [Read More]

The time is drawing near for the expiration of the Home Buyer Tax Credit!  In an effort to stimulate the national housing market, Congress extended and amended the First Time Homebuyers Tax Credit from November of 2009 until the end of April of 2010 and to also include current homeowners looki [Read More]

Housing starts across the nation rose 1.6% in March, according to the Commerce Department; these stats mark a rise to the highest level seen since November of 2008.  Analysts believed the starts would rise to approximately 610,000 units; the actual 626,000 units were unexpected. The Commerce [Read More]

The National Flood Insurance Program (NFIP) has been extended through May of this year!  The program, which expired on March 28th of this year leaving many homeowners and potential homebuyers in limbo, was part of a larger bill that included an extension of COBRA health benefits and unemployme [Read More]

Unfortunately, with the rising number of foreclosures, come a rising number of vacant homes.  These vacant homes have become bait to scam artists looking for a quick buck!  Scam artists posing as landlords are luring prospective renters in and taking their cash deposits never to be heard [Read More]

If you think that waiting to buy a house in Hernando County on Florida's West Coast will get you a better deal, you need to start re-thinking. Affordable houses are moving off the market almost as quickly as they are coming on. Foreclosures, especially, move quickly and if you want the best dea [Read More]