Mortgage rates retreated from a two-year high this week, brought down by signs that the economy is cooling, as reported by Freddie Mac.
Real Estate Now Officially a ‘Buyer’s Market’
It’s official – even the nation’s leading group of real estate agents now says it’s a buyer’s market in housing, as a soaring supply of homes for sale means nearly flat prices and longer waits for sellers.
Home Sales Continue to Drop
Home prices may start to fall in the coming months, according to the National Association of Realtors, following a report that showed sales of existing homes fell in June and the number of homes listed for sale soared to the highest level since 1997.
The Lowdown on Home Equity Loans
Home equity loans are loans against the value of your home. If you are still paying off a mortgage, you can borrow up to 75 percent against the part of the home you actually own.
Hiring A Real Estate Attorney
The decision to involve an attorney in your real estate transaction depends upon your personal requirements. One of your real estate agent
Buy Flood Insurance Before the Water Rises
Floods happen in all 50 states, according to the Federal Insurance Administration. FIA says 25 percent of all flood insurance claims occur in areas that have a low or moderate flood risk.
Richmond VA Real Estate News – 7/22/06
Mortgage Rates Climb to a 4-Year High
Mortgage rates rebounded this week, returning to their highest level in more than four years.
U.S. Home Prices Cooling Off
U.S. house prices soared more than 12.5% on average over the past year, but slower gains in the first quarter of 2006, combined with declines in some states, point to weakness in the market, a government report showed Thursday.
Boomers Bet on Property
Baby boomers love their real estate. So much that they’re counting on it to help them fund retirement.
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