New Home Sales Sink Again Sales of newly constructed homes fell 10% in January, sinking to the lowest level on record. The U.S. Census Bureau reported that new home sales fell to a seasonally adjusted annual rate of 309,000 in January from a revised 344,000 in December. It was the lowest level since the Census […]
FHA Raises Loan Limits
FHA Raises Loan Limits The Federal Housing Administration (FHA) single-family loan limits have been revised as a result of the American Recovery and Reinvestment Act of 2009 (ARRA) and are now available online. The new loan limits, reflecting an increase from $625,500 to a maximum of $729,750, are effective for those loans for which credit […]
Foreclosures: Make Lenders Produce the Note
Foreclosures: Make Lenders Produce the Note An ABC News affiliate in Tampa Florida interviewed the Consumer Warning Network’s Chris Hoyer about “Produce the Note” and talks with one homeowner who used the document templates provided by CWN to file her motion with the court to stop her foreclosure and “Produce the Note.” (Video runs 2:08)… Comments […]
Economy: Slower Than First Thought
Economy: Slower Than First Thought The recession, now in its second year, is inflicting more damage to the economy daily as layoffs mount and companies cut production. The economy contracted at a staggering 6.2% in the final three months of 2008, the worst showing in a quarter-century, and the Fed has said it will probably […]
Selling a Home in a Bad Market
Selling a Home in a Bad Market A bad real estate market is a huge challenge, particularly for sellers. You’ll find that trying to sell your own home is like asking for a miracle cure-all. It can be frustrating and surprising but often, not in a good way. However, it’s not entirely impossible to get […]
Remodeling: Which Area is Best?
Remodeling: Which Area is Best? Thinking of remodeling your home? Trends and times have changed. It used to be that the best place to invest your remodeling dollars was in the kitchen or bathroom updating. But to make your renovation dollar go furthest, focus on the part of the house everyone sees first. Replace or […]
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