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U.S. attorneys are increasing their scrutiny of FHA lenders, having recouped $1 billion in losses for the agency from Bank of America, Deutsche Bank, Citigroup, and Flagstar, and issued subpoenas for information from others. The probes indicate that Washington does not want taxpayers to cover FHA losses and could prompt lenders to use more caution when making FHA-insured loans.   The author of this article is: realtormag.realtor.org  See the original post at: http://realtormag.realtor.org/daily-news/2012/06/07/probe-widens-mortgage-lenders At GayRealEstate.com, we keep you updated with all the gay realtor, lesbian realtor, gay realty, gay real estate and […]

As a real estate professional and Short Sale/Foreclosure specialist in Santa Clarita, CA, I have in depth local knowledge and can provide you with the information you need on home buying, home selling, financing and owning real estate in Santa Clarita, CA. RE/MAX OF VALENCIA provides a wide range of real estate services and utilizes the most current technology, processes and systems to assist you with all of your home buying and home selling needs. Whether you are new to the market or an experienced investor, I have the expertise, […]

A new article at CNBC.com suggests that the real estate market is splitting in two, with the high-end segment soaring and the rest of the market continuing to struggle as it inches toward recovery mode. “It’s become a tale of two markets,” Michael Simonsen, CEO of Altos Research, told CNBC.com. “At the high end, well-financed people have taken advantage of cheap money. And demand is up, inventory is down, and prices are responding.” The article says that wealthy buyers tend to have good credit and are taking advantage of record […]

Some housing experts say a “mega-boom in home ownership” is brewing as Hispanic Americans look to join in home ownership. Indeed, Movoto, a real estate brokerage in San Mateo, Calif., predicts Hispanics will make up half of new home buyers nationwide by 2020. The growth in that time frame is expected to be big, considering that currently 75 percent of first-time home buyers are white and only 11 percent are Hispanic. But observers say that with Hispanics’ birth rates and purchasing power drastically increasing, Hispanics are expected to be a […]

Do you have a Real Estate question? Select the contact button below to contact me directly. I’m a very active member of the New York Board of Realtors, the Westchester Board of Realtors, the Greenwich Board of Realtors and the Connecticut Board of Realtors as well as their Multiple Listing Services. I strive to create and secure value for each one of my clients, by listening to their dreams and understanding their unique needs I guide them toward opportunity, transforming dreams into reality. My aim is to win the trust […]

More buyers are being lured to the idea of purchasing a second home thanks to bargain prices in many areas. But with the rising costs of travel and more cost-conscience buying habits, many of these buyers are bypassing typical vacation hot-spots and resorts and choosing to buy a vacation home closer to their primary residence. The median distance between the buyer’s primary residence and vacation home shrank 19 percent from 2010 to 2011. The median distance in the most current survey is 305 miles, according to National Association of REALTORS®’ […]

For the fifth week, fixed-rate mortgages reached new all-time lows. The 15-year fixed-rate mortgage dipped below 3 percent, settling into uncharted territory, according to Freddie Mac’s weekly mortgage market survey. Thirty-year fixed-rate mortgages also reached new record lows, continuing to stay under 4 percent and pushing home buyer affordability even higher. “Compared to a year ago, rates on 30-year fixed mortgage rates are almost 0.9 percentage points lower, which translates into nearly $1,200 less in annual payments on a $200,000 loan,” says Frank Nothaft, Freddie Mac’s chief economist. Here’s a […]

Potential home buyers are emerging from the sidelines and taking a renewed interest in real estate. So which housing markets are most being eyed online? Realtor.com recently released its rankings from April on its top-searched housing markets. The top 10 are: Chicago Detroit Los Angeles-Long Beach, Calif. Philadelphia, Pa.-N.J. Tampa-St. Petersburg-Clearwater, Fla. Atlanta Dallas Phoenix-Mesa, Ariz. Las Vegas, Nev.-Ariz. Orlando The author of this article is: Melissa Dittman  See the original post at: http://realtormag.realtor.org/daily-news/2012/06/01/which-markets-are-searched-most-often-online At GayRealEstate.com, we keep you updated with all the gay realtor, lesbian realtor, gay realty, gay real estate and […]

When I started selling Real Estate in 1989 – it was a down market in Washington, DC. My broker at the time told me it would take 6 months to make my first sale – I took 3. Over the years, I’ve had a great time working with buyers and sellers. I consider it a privilege and an honor to be able to help people with one of the most important and personal decisions of their lives. I’ve worked as a manager of a Real Estate firm on the Upper […]

Studies have suggested that staged homes sell faster, and as such, more sellers may be willing to give it a try. So what are some staging ideas for sprucing up a property? Thomas Rouse, a design producer at “Extreme Makeover: Home Edition,” offered the following tips in a recent article in The Wall Street Journal. 1. Paint: A fresh coat of paint in a neutral palette can be an inexpensive upgrade with big impact. Another great idea is covering up the wall with a mural to give it a more […]