Month: February 2012

Gov’t to Put Up Foreclosed Homes for Rent

The Federal Housing Finance Agency (FHFA), the agency that regulates Fannie Mae, Freddie Mac and 12 Federal Home Loan Banks, has invited investors to participate in its foreclosure-to-rental pilot program. Specifically, FHFA has invited investors to purchase approximately 2,500 Fannie Mae foreclosed properties with the condition that these purchased properties must be rented out for …

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Home Sales Increase Yet Again in Jan. 2012, NAR Reports

Rising rents, bargain home prices, record-low mortgage interest rates, pent-up household formation and sustained job creation are the elements that sustained the uptrend in home sales in the first month of this year, this according to the recent report of the National Association of Realtors (NAR). “The uptrend in home sales is in line with …

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Home Buying More Affordable Today Than in the Last 20 Years

Buying a home is more affordable today than in the last two decades, this according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). NAHB/Wells Fargo HOI data shows that 75.9 percent of all existing and new homes sold in the fourth quarter of last year were affordable to families earning …

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College Loans Hurt Potential First-time Homebuyers

Outstanding student loans in the U.S. are now close to $1 trillion, this  according to the latest report of Bloomberg. “As outstanding student debt approaches $1 trillion, it’s one more reason record-low interest rates aren’t doing more to boost housing,” said Bob Willis of Bloomberg. In a press statement, William E. Brewer, Jr., president of …

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About 50,000 Maryland Homes have been Foreclosed Since 2006

Based on the data of CoreLogic – a leading provider of real estate information and analytics, close  to 50,000 homes in Maryland have been foreclosed since 2006. Since January 2006 – the last days of the U.S. housing bubble, about 49, 600 homes in Maryland have been foreclosed by banks or mortgage servicers. This means …

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