‘Realistic’ approach is needed in weak marketby Ellen James Martin-Universal Press Syndicate
Those who sell real estate recall those heady days just a few years ago, when competition over the best homes on the market – known as “showcase properties” – was robust. Multiple bids were common, and eager buyers submitted contract offers stripped of all [...]
‘Realistic’ approach is needed in weak market
by Ellen James Martin-Universal Press Syndicate
Those who sell real estate recall those heady days just a few years ago, when competition over the best homes on the market – known as “showcase properties” – was robust. Multiple bids were common, and eager buyers submitted contract offers stripped of all [...]
Fannie Mae and Freddie Mac will have lower limits on the size of loans they can buy.
WASHINGTON – People looking to buy more expensive homes next year will have fewer options to find financing because Fannie Mae and Freddie Mac will have lower limits on the size of loans they can buy.The changes, effective Jan. [...]
Senate Passes Foreclosure Rescue
WASHINGTON – A mortgage rescue to help hundreds of thousands of struggling homeowners avoid foreclosure and get more affordable, safer loans passed the Senate overwhelmingly Friday, but it faces a bumpy road amid continuing turmoil in the housing market.
The 63-5 vote reflected a keen interest by Democrats and Republicans to send election-year [...]
Pace of Decline In Home Prices Sets a Record
By JAMES R. HAGERTY and KELLY EVANSWall Street Journal
A closely watched gauge of U.S. home prices shows they are falling sharply across most of the nation, as a deepening slump in the housing market threatens to damp consumer spending.
Home prices in 10 major metropolitan areas in October [...]