Real estate news update: 6-08

Written by Federal Title | 08 June 2010

A daily dose of headlines for real estate agents, mortgage lenders and consumers.

As housing perks up, multiple offers come back
Wall Street Journal: If sellers are willing to get aggressive in pricing, they can create conditions for multiple offers. But the highest offer isn't necessarily the best offer.
Record loan demand strains FHA's capacity
Real Estate Economy Watch: With virtually the same level staffing and aging computer systems, the FHA is serving much more than it was designed to handle.
How to be a brainy renter
The New York Times: But even with a thorough understanding of the market, renters may find the apartment hunt daunting because there is no centralized depot for information.  		Financial bill to reform home loans
Boston Herald: There will also be mandatory determinations by lenders that applicants can afford to repay mortgage debt, insurance and taxes on time.
Luxury homes losing value
CNBC: While the middle and lower end of the market was seeing real price recovery this spring, the high end started to really tank from March through May.
Washington area housing prices continue to climb
Washington Business Journal: In the District, the quarter-over-quarter gain was 1.4 percent, while prices compared to a year ago were up 9.3 percent.

Subscribe to receive the latest industry news twice a day directly in your inbox.
Headlines compiled by Strategic Research.

Add comment

This site contains information of a general nature only and is not intended to be relied upon as, nor a substitute for, specific professional advice. No responsibility for the loss occasioned to any purpose acting on or refraining from action as a result of any material in this site can be accepted.


Security code
Refresh

Browse content by topic

 

Connect with FTE