Category Archives: general

More Home Owners Walk Away

A growing number of home owners in Arizona, California, Florida, and Nevada—where prices have fallen the most—are walking away from their properties. They are leaving the deal behind not because they can’t pay but because they don’t want to. A … Continue reading

Posted in Foreclosures, general, Housing Market News Update, mortgage, New York Real Estate | 1 Comment

Exterior Remodeling: Best Bang for Your Buck — New York Real Estate

Despite a slow market and a slight decrease in the resale value of most remodeling projects, REALTORS® report that the smartest home improvement investments may also be some of the least expensive. Results from the 2009 Remodeling Cost vs. Value … Continue reading

Posted in Foreclosures, general, Home Renovations, Housing Market News Update, mortgage, New York Real Estate, Short Sales | Leave a comment

4 out of 10 Recent Buyers Used FHA Loans — New York Real Estate

According to the most recent REALTORS® Confidence Index, 39 percent of recent buyers purchased a home with a Federal Housing Administration-insured loan. REALTORS® who took part in the November survey also reported that the number of first-time home buyers continued … Continue reading

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Mortgage Volume Rises Slightly — New York Real Estate

Mortgage applications were up 0.3 percent last week compared to the previous week on both a seasonally adjusted basis and on an unadjusted basis, according to the Mortgage Bankers Association weekly survey. The increase was in refinances, which rose 0.9 … Continue reading

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Green Mortgages Save Money And The Environment

Environmentally-friendly mortgages offer the potential of  lower utility bills, easier credit and the ability to borrow more. This peace of mind will make your mortgage cheaper and ultimately more comfortable. If you’re shopping for a mortgage, one option you may … Continue reading

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New FHA Guidelines Could Aid Condo Sales

New Federal Housing Administration condo-loan guidelines that took effect Dec. 8 could make it much easier for condo buyers to get a loan. Under previous guidelines, half the units in a new condo development had to be sold before the … Continue reading

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Geithner Says TARP Will Be Extended

Treasury Secretary Timothy Geithner told Congress on Wednesday that the government’s financial bailout program, Troubled Asset Relief Program (TARP), will be extended until Oct. 3, 2010. “The recovery of our financial system remains incomplete and near-term shocks to that system … Continue reading

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