Monthly Archives: July 2012

Rebuilding American Homeownership (RAH) : Congress Floats A New Refinance Plan

For underwater homeowners, there may be new refinance help on the horizon. A new refinance plan was floated in Congress this week. The program would toss a lifeline to underwater homeowners who fall outside HARP and FHA Streamline Refinance guidelines,

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Homeowners Applying to Refinance Hits 3-year High

Mortgage application volume rose this week, as did the portion of applications that were refinances, hitting a three-year high. Mortgage application volume rises According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending

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VIRGINIA: Home sales up 11%, prices up 7% in 2012-Q2

The Second Quarter 2012 Virginia Home Sales Report has been released and nearly all state-wide indicators show a much improved housing market in the Commonwealth. As shown above, the pace of home sales in the second quarter of 2012 marked an 11%

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FHA 203k Eligibility May Soon Expand To Real Estate Investors

FHA 203k Loans For Real Estate Investors 16 years ago, the FHA changed its “construction loan” program, making it available for owner-occupied properties only. Real estate investors and owners of vacation homes were locked out. Today, there’s talk of restoring

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Federal Stimulus Primed Housing For Recovery

Multiple-Offer Situations : More Common Nationwide The housing market is in recovery. This much is clear. Little-by-little, sector-by-sector, data proves what today’s home buyers are learning the hard way — there’s competition for right-priced homes and competition is driving home

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Virginia Housing Market Gets Positive Coverage

The preliminary data we are seeing for second quarter 2012 home sales (look for final report out on Monday) is another sign of a housing recovery.  It seems the housing market in Virginia is taking quite a positive turn and

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Showcase of Ridiculous Real Estate Marketing Typos

There is nothing more gratifying than sifting through thousands of real estate listings and finding borderline offensive errors like these – they are always good for a laugh! Thanks to Jane Peters of Los Angeles for a lollapalooza! Putz and Pets…and Harry

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