National Real Estate Blog

Finally after 3 years, there has been reported the first increase of home prices of .03% in the April - June quarter. The long awaited bottom has arrived. I know that puts a smile on this face ;o) It is also reported the prices rose slightly in July as well. This shows the market has finally stabil [Read More]

The along with some economists and at least one lawmaker, argues that the U.S. government's soon-to-expire tax credit of up to $8,000 for first-time home buyers should be renewed as it did cause buyers to stimulate the economy. The National Association of Realtors says the credit resulted in 35 [Read More]

Due to the current situation with the $8,000 tax credit for first time buyers and interest rates still low, and prices of homes really low, the National Association of Realtors reported that pending home sales rose 3.2 percent in July from June, and signed contracts have now risen for six consecuti [Read More]

Nine Florida homes tainted by the defective Chinese drywall are listed on the popular Realtor.com website at extremely low prices. The homes are priced at under $50,000, but are they worth it? Costs to repair and replace the Chinese Drywall are falling in the $100 thousand range, which does not inc [Read More]

Short sales have been seen as a way to reduce the large number of foreclosures by allowing homeowners to 'sell' their homes for less than the amount that is owed on mortgage, however the wait to contract on these real estate deals tends to be so long that the deals are falling apart, leadin [Read More]

Restructuring of mortgage giants, Fannie Mae and Freddie Mac is being considered by the Obama Administration. This restructuring would remove hundreds of billions of dollars in troubled loans from the companies and would be handed over to new government-backed lenders. These lenders would take over [Read More]

As we all know between 2000 and 2007 we all saw home prices increase alot,A reseach done by a company reported that california and florida led the nation in the highest increase between those years in a few counties, it also stated between 2007 and 2009 led the nation in the highest decreases with [Read More]

In a monthly comparison during May, the financial data companies Standard & Poor and Case-Shiller showed an increase in home values for the first time in almost three years. According to David Blitzer, chairman of the index committee for Standard & Poor, "This could be an indication t [Read More]

Your time to take advantage of the $8000. tax credit will be here before you know it. If you are a first time home buyer or have not owned a home in the past three years, you will qualify for up to $8000. in a tax credit. You must CLOSE by November 30, 2009 in order to qualify. Contact a Profess [Read More]

During the past two months we have heard from many of you regarding problems with appraisals that are causing deals to be delayed or canceled altogether. I assure you that we on the NAR leadership Team are experiencing the same problems in our businesses. On monday June 29th,I will be in New York t [Read More]