The House of Representatives today voted to restore higher loan limits to $729,750!! This is great news considering that the high limits returned to $625,500 in October. Here is a brief excerpt of an article published today at Bloomberg.com “For all of the objections from Republican lawmakers and interest groups, the measure survived congressional negotiations [...]
In foreclosure news, San Jose banks must offer foreclosure alternatives quickly to help you keep your property in California. If you’re already behind on your mortgage, or waiting for months just to hear back from the bank to find out if their willing to modify your loan, Fannie Mae and Freddie Mac are gonna start [...]
HUD No. 11-215 Shantae Goodloe (202)-708-0685 FOR RELEASE Wednesday September 14, 2011 HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR MAINE STORM VICTIMS Foreclosure protection offered to displaced families in three counties WASHINGTON – U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State Of Maine and provide support [...]
Home Prices Rise For Fourth Consecutive Month The S&P/Case-Shiller Home Price Indices though July 2011 showed its fourth consecutive month of increases, with both the 10- and 20-city composites up 0.9 percent in July over June. David M. Blitzer, chairman of the index committee at S&P Indices, said July’s data shows fairly broad improvement in [...]
Estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show sales of new single-family houses were at a seasonally adjusted annual rate of 295,000, 2.3 percent below July’s rate but 6.1 percent above August of last year. The median sales price of new homes sold in August was $209,100; [...]
Mortgage Application Activity Increases According to The Mortgage Bankers Association’s Weekly Applications Survey, the seasonally adjusted Market Composite Index, which measures total mortgage loan application volume, increase 0.6 percent last week from the previous week. On an unadjusted basis, the index was up 25.2 percent from the week before, which included Labor Day. The Refinance [...]
Building Permits On The Rise In August Permits to build privately-owned housing units in August rose 3.2 percent above July’s estimates and 7.8 percent above last year, according to new residential construction statistics from the U.S. Census Bureau and the Department of Housing and Urban Development. Single-family building permits rose 2.5 percent above the month [...]
Clearly this article is much longer than usual but the content is important… Today I am floored. All the gains of the real estate market we saw from the Bush administration are officially gone. Lately, in The Werdmuller Group’s local market, Alameda, with somewhat of an emphasis on Harbor Bay Isle/ Bay Farm Island, I [...]
March-2011, the Best in 4 Years for San Francisco Bay Area Real Estate: In the month of March-2011 a total of 7,051 real estate properties comprising new and re-sale houses, condos were sold in the nine-county San Francisco Bay Area. According to San Diego-based DataQuick, this was an increase of 41.3% over the figures in [...]
“…even though we’ve seen some Minnesota VA mortgage rate rises in recent months they are still lower than last year.”
*This is not an offer to lend. 
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