Monthly Archives: March 2009

Mortgage applications spiked last week as a result of the record low interest rates. This fueled demand for home refinance loans. Mortgage applications increased a whopping 32.2% for the week ending March 20th. Refinancing accounted for nearly 80% of all … Continue reading →

In February, new construction home sales increased to 337,000 units from 322,000 in January. This represents an increase of 4.7%. This was the first increase in new construction sales since July, 2008. Affordability undoubtedly played a pivotal role in the … Continue reading →

For the month of February, the National Association of Realtors said that existing home sales rose to 4.72 million units, up 5.1% from a rate of 4.49 million in January. Economists had expected existing home sales to decline to 4.45 … Continue reading →

Local gallery, Arts on the Park, will be hosting a benefit concert this Friday, March 13th. The popular group, The Sofa Kings, are headlining the event that starts at 7 p.m. Tickets are $15 for members of Arts on the … Continue reading →

Like searching the web for new property listings? Statistics indicate you are a part of a growing segment of consumers that make their initial property research online. Recent studies indicate that 97% of buyers search for real estate information on … Continue reading →

Effective March 1st, Fannie Mae (which guarantees approximately half of the $12 TRILLION of the United State’s mortgage market) loosened loan restrictions on real estate investors & secondary home buyers. This move is seen as a major coup for real … Continue reading →

National filings of foreclosure exceeded 3 million in the 2008. Sound like a lot? Let’s put this into some context. That figure represents a staggering 81% increase from the already trying year in 2007. What’s even worse that that is … Continue reading →

The National Association of Realtors has reported that the Housing Affordability Index jumped 13.6% in January to a record high of 166.8. Another sign that buyers bold enough to jump into the market will be rewarded. Not to mention the … Continue reading →

The national unemployment rate has climbed to 5.8%. Citigroup has announced however that it plans on lowering payments for those recently unemployed. The bank, which is now 36% owned by the federal government, established the Homeowner Unemployment Assist program, which … Continue reading →

According to statistics released by the National Association of Realtors, The PENDING HOME SALES INDEX dropped to 80.4 in January from 87.1 in December. This represents a dip of nearly 8%. This is the lowest it has been since 2001. … Continue reading →