Category: Market News

State forecasts property value increases

TALLAHASSEE, Fla. – Aug. 4, 2011 – In a sign that Florida’s housing market may be on the road to recovery, the state’s top economist expects an increase in school property tax rolls next year of 1.3 percent. Though that…

Wealthy Americans upgrade to pricier primary homes

NEW YORK – July 13, 2011 – Amid still-depressed housing numbers that dominate headlines, a new survey by the independent New York City-based Luxury Institute and the Institute for Luxury Home Marketing finds that high net-worth U.S. homeowners are taking…

NAR asking homeowners for help

WASHINGTON – July 11, 2011 – Starting today, the National Association of Realtors® is contacting 6 million consumers nationwide by email. Those consumers will be asked to participate in a Consumer Call for Action regarding the Qualified Residential Mortgage (QRM)…

Unemployed homeowners get more relief

Under the policy changes, mortgage companies collecting payments on Federal Housing Administration (FHA)-backed loans will be required to offer 12 months of forbearance for qualified unemployed borrowers, the White House said in a release. Out-of-work borrowers with these loans now…

U.S. bill would reorganize Fannie/Freddie

WASHINGTON – July 8, 2011 – The National Association of Realtors® (NAR) announced support yesterday for plan to reorganize the secondary mortgage market, which includes Fannie Mae and Freddie Mac. The secondary market buys loans originated by local lenders, which…