Good news from the South, with the NY Times reporting that house sales are going well in New Orleans after Katrina: they write:
A surprisingly healthy real estate market in the New Orleans metropolitan area is proving to be one bright spot in an otherwise stagnant local economy. The market is not sizzling hot, at least […]

Real estate market speculation has been a favorite hobby of the media over the last several years, and every year at least one media outlet has predicted that a “bubble” will “burst.” Real estate prices have not popped and sunk to $0 in any market, though, in spite of those predictions.
John Mudd, a Realtor with […]

The bond market turned upside down this week in a move that may end up costing many people more to buy a home.
The phenomenon is called an inverted yield curve — when short term interest rates rise above long term rates — and it hasn’t happened for five years. What it could mean is increased […]

Rising mortgage rates tempered Southland home sales in November, but home prices continued to post substantial increases.
In the Chicago metropolitan area, home sales totaled 5,713 in November, down from 6,355 in October, according to the Illinois Association of Realtors.
Nationally, resales eased 1.7 percent last month, with existing homes selling at a seasonally adjusted annual rate […]

Arkansas First Mortgage and Loan Inc. has opened at 734 MC 7002 in Flippin. The business is owned by Robert Redmond and offers customers mortgages for residential and commercial properties, refinancing and debt consolidation.
Redmond said he has more than 20 years experience as the owner of a large insurance brokerage and have handled insurance and […]

The number of previously owned homes on the market rose last month to the highest level in more than 19 years, while sales fell for the second-consecutive month, raising concerns that a housing bubble might be about to burst.

The Daily Record says many economists said the increase in homes for sale was actually a sign […]

Mortgage rates generally fell this week with several key Hawaii lenders migrating to 5.75 percent, the low end of the current rate spectrum.
For 30-year home loans, Bank of Hawaii, American Savings Bank, Central Pacific Bank, Finance Factors, and Territorial Savings all quoted 5.75 percent this week. Most had charged more last week.
First Hawaiian Bank […]

Mortgage rates edged down this week, good news for people looking to buy a slice of the American dream – their own home.
The mortgage company Freddie Mac, in its weekly survey, reported that rates on 30-year, fixed-rate mortgages dipped to 6.22 percent for the week ending Thursday. That was down from last week’s average rate […]

The number of mortgage applications filed last week fell to the lowest level in more than three years, more evidence the U.S. housing market is stumbling.
The Mortgage Bankers Association’s index of applications to buy a home or refinance an existing mortgage declined 6.8 percent to 554.1 last week, from 594.6 a week earlier. The gauge […]

When the foreclosure of your home by your lending institution seems to be looming just around the corner, it can be a frightening and embarrassing situation. But if you happen to be facing foreclosure, it’s important for you to contact your lender, have an open, honest discussion about your difficulty, and then try to work […]