Monday, May 16, 2011

6 real estate headlines: 16-May

A daily dose of headlines for real estate agents, mortgage lenders, homebuyers and home sellers.

5 refi blunders to avoid
: When interest rates are low, plenty of homeowners rush to refinance before evaluating the true consequences of their actions.
Pace of foreclosures slowed further in April�
Washington Examiner
: The decline had less to do with any turnaround in the housing market than with foreclosure processing delays that appear to be getting worse.�
Virginia home sales resilient despite no tax credit
VAR Buzz
: When the federal home buyer tax credit ended in mid 2010, many real estate markets across the United States started to falter and decline.

Is the Miami condo revival the real thing?
Wall Street Journal
: The city's condo inventory has started moving again, as prices have been cut dramatically. The persistent, unanswered question, of course, is where all the money to build out the next wave of new condos is going to come from.

How lower loan limits will affect DC housing
DC Urban Turf:
What the change means for borrowers is likely higher down payments and interest rates, and dealing with more stringent underwriting guidelines from lenders.
Education and homeownership go hand in hand
National Association of Realtors
: The Home Ownership Participation for Everyone (HOPE) Awards were held last week.

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