The Federal Aviation Administration (FAA) has issued proposed regulations governing drones, opening the door to some commercial uses (including those sought by real estate brokers) but leaving it closed, for… Read More »
The financial pendulum has swung again, making buying a home more affordable than renting in a majority of major housing markets for the first time in nearly a decade. That… Read More »
More than two-thirds of the 3,600 counties responsible for recording mortgage documents nationally are now able to handle that process electronically. And much of that progress has come in the… Read More »
Federal Housing Finance Agency Director Mel Watt insists that loans with low (3 percent) down payments, which Fannie Mae and Freddie Mac will now be able to purchase, are no… Read More »
Since the economic downturn and well into the housing recovery, real estate industry executives have been blaming unduly conservative appraisals for scuttling home sales. But the gap between what owners… Read More »
President Obama covered a lot of domestic and foreign policy ground in his state-of-the-union address, but one topic was conspicuously absent: Housing. The President referred to housing policy only indirectly… Read More »
Sales of new homes rebounded smartly in December after sinking in November) for the second consecutive month) to the lowest level since July of last year. December sales by contrast,… Read More »
Foreclosure rates are declining nationally but foreclosure times aren’t, at least not much. It took an average of 604 days to process foreclosures in the fourth quarter, down only slightly… Read More »
Stricter underwriting guidelines that are making it more difficult for prospective home buyers to qualify for mortgages are also leading more of them to lie on their loan applications. That… Read More »
The year began with a strong jolt of positive news: Employers added 252,000 jobs in December, beating estimates, and the unemployment rate declined to 5.6 percent, its lowest level since… Read More »