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RECENT BLOG POSTS
Recent forecasts predict better times ahead in 2012 Although small, a slight uptick in the housing market next year is predicted. A survey by MacroMarkets of more than 100 economists and industry experts shows they expect home values to go up — just a little. About .25 percent in 2012 and a total...
11/21/2011
The latest settlement proposal between the states’ coalition and five major banks after 11 months of talks includes financing support for underwater loans, including refinancing, principal write downs and other forms of assistance. According to CoreLogic, about 22.5 percent of all residential mor...
11/14/2011
Two years later after its debut, how has the Home Affordable Refinance Program changed? Last month, President Obama announced that the Home Affordable Refinance Program (HARP) was being revised and expanded. HARP was introduced in 2009 as a measure intended, according to a statement by the Presid...
11/07/2011
New home sales slightly up, while pending home sales are slightly down The annual pace of new home sales increased a bit more than expected in September, rising 5.7 percent from the previous month. At the same time, although economists had forecast a 0.4 percent gain, contracts for pending home s...
10/31/2011
Hoping that higher conforming loan limits will help housing market Last week, the Senate voted to approve the high-balance conforming loan limit to $729,750 in wealthier neighborhoods, as part of a larger spending bill. As of October 1, 2011, the largest conforming loan (loans that are eligible t...
10/24/2011
What more foreclosures and longer processing times may mean for the housing market (map from RealtyTrac.com) RealtyTrac® reported that foreclosure activity in the third quarter was up slightly (less than 1 percent) from Q2, and down 34 percent from the same period last year. September activity wa...
10/17/2011
Expert tips on evaluating and managing the cost of your mortgage As mortgage rates continue to stay at record lows, the costs of obtaining a mortgage are going up — according to Bankrate’s annual survey of closing costs, the average origination and title fees have jumped 8.8 percent from August 2...
10/10/2011
RealtyTimes reported that Freddie Mac’s weekly mortgage survey, the first since the Fed’s Operation Twist announcement last week, found the average rate for conventional 30-year fixed mortgages to be at an all-time low of 4.01 percent. As Ed Ferrara pointed out in RealtyTimes, these low rates are...
10/03/2011
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A recent article from RIS Media discusses the increasing percentage of real estate deals that are getting snagged when the appraisal comes in lower than expected. According to the article, this past June and July alone saw 16 percent of real estate professionals reporting a sale cancellation as a...
09/12/2011
The S&P/Case Shiller home-price index, released last Tuesday, showed a 3.6 percent increase in home prices from the first quarter of this year to the second. According to the index, however, the average home price year over year dropped 5.9 percent for the first six months of this year compared w...
09/05/2011
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DanLesher

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A perspective on happenings in the real estate industry by Northern Virginia award winning Broker/Agent Dan Lesher of Realty World-Select.