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Monday, January 25, 2010
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If you were listening to the housing news last week, you probably heard a number of reports about lending changes that were announced by the Federal Housing Administration (FHA). While many of the news reports were confusing, the truth is pretty clear, and isn't as bad as some people may have heard.
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| Posted by dawnmitchell at 9:26 AM |
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Sunday, January 24, 2010
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At the heart of the President Barack Obama's ambitious plan to rescue the housing market is the conviction that restructuring distressed mortgages will keep struggling borrowers in their homes and help insert a floor beneath plummeting property values. With $75 billion dedicated to reworking troubled loans, that's a big bet?especially considering that a top banking regulator said last December that almost 53 percent of loans modified in the first quarter of 2008 went bad again within six months. But supporters argue that mortgage modifications need to be properly engineered to work?and many early ones weren't. To that end, the Obama administration on Wednesday unveiled fresh details on its plan to restructure at-risk loans and help as many as four million home owners avoid foreclosure. Here are seven things you need to know about Obama's loan modification program.
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| Posted by dawnmitchell at 3:39 PM |
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Monday, January 18, 2010
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The Top 12 GREEN Home Improvements that REALTORS Recommend to Home Sellers are:
Most of them are do it yourself projects.
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| Posted by dawnmitchell at 7:11 PM |
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Friday, January 15, 2010
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HOME Down Payment Assistance Program has been extended through March 31, 2010.
Program details include:
- Up to $20,000 available, based on borrower's income level and need
- Deferred loan program for first-time homebuyers with less than 80% of Area Median Income
- Finally Home! Homebuyer Education program completion required
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| Posted by dawnmitchell at 7:33 AM |
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Wednesday, January 13, 2010
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Cell Phone Numbers Go Public this month.
REMINDER..... all cell phone numbers are being released to telemarketing companies and you will start to receive sales calls.
...... YOU WILL BE CHARGED FOR THESE CALLS
To prevent this, call the following number from your cell phone: 888-382-1222.
It is the National DO NOT CALL list. It will only take a minute of your time.. It blocks your number for five (5) years. You must call from the cell phone number you want to have blocked. You cannot call from a different phone number.
HELP OTHERS BY PASSING THIS ON .. It takes about 20 seconds.
https://www.donotcall.gov/default.aspx
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| Posted by dawnmitchell at 11:48 AM |
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Tuesday, January 05, 2010
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Great game, great season... the perfect season!!!!! GO BSU!!!!
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| Posted by dawnmitchell at 9:48 AM |
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Last Tuesday the Case-Shiller Home Price Index for 20 cities came in UP a seasonally adjusted 0.4% for October. This was the fifth consecutive monthly increase for the index. Year-over-year, prices are still down 7.3%, but that's a less steep rate of decline than we've been seeing.
It looks like home prices could be stabilizing, though well below their peaks in most markets. This price decline, plus the dramatic drop in mortgage rates, have made homes more affordable than they've been in a long time. A writer for the Wall Street Journal compared home price index values, mortgage rates and average weekly earnings going back to 1987. The finding? On average, housing is as affordable now as it was in the mid-1990's, when homes were a real steal. Of course, this conclusion is based on average prices, so affordability may be greater or less in individual markets.
Christmas Eve, the Treasury lifted the limit on the money it can put into Fannie Mae and Freddie Mac to keep their net worth positive over the nex
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| Posted by dawnmitchell at 9:47 AM |
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Monday, December 28, 2009
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Last week presented us with divergent housing news. First, November Existing Home Sales came in UP 7.4%, at an annual rate of 6.54 million. This was way ahead of estimates and a 44.1% sales jump over a year ago. We had increases in all regions of the country, all due to single-family homes.
The median price went up to $172,600, down 4.3% from a year ago, but a big improvement from January, when prices were off 17.5% from the prior year. The supply declined to 6.5 months, as inventories fell to 3.52 million, their lowest level since December 2006. In the past three months, Existing Home Sales are up 28.5%. One more sign of housing market recovery came in a report that prices for homes financed with conforming mortgages increased 0.6% in October.
Now for the news in the other direction. November New Home Sales fell 11.3%, to an annual rate of 355,000. But November was an unusual month, with uncertainty over the tax credit slowing things down. New Home Sales are still UP 7.9% from January and inventories d
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| Posted by dawnmitchell at 7:58 AM |
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Sunday, December 27, 2009
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My family and I had a fabulous Christmas, as usual. It has been such a relaxing holiday. I am off to the spa for a massage. The first person to e-mail me back is invited to join me! Merry Christmas.
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| Posted by dawnmitchell at 8:33 AM |
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