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A community banker and a local real estate developer in Hammond, La., were charged with conspiracy to commit bank fraud by hiding delinquent mortgages. Reginald Harper, the former First Community Bank of Hammond CEO, and Troy Fouquet, an area real estate developer, allegedly began the conspiracy in 2005. After the crisis struck in 2007, First Community applied for and was approved for $3.3 million in Troubled Asset Relief Program bailouts, but the bank withdrew its application after the approval, according to the TARP Special Inspector General. In 2005, the two […]

In the 12 months leading up to November 2010, the rash of snow storms that slammed the United States pushed snow blower sales beyond the sales of every other type of outdoor power equipment — including chain saws, trimmers, mowers, leaf blowers, and pressure washers, according to The NPD Group, a Port Washington, N.Y.-based market research company. Sales of snow blowers were up 24 percent in units and 14 percent in dollars. If your clients weren’t part of that surge in sales but are musing a jump on the snow-blower […]

Hello, thank you for checking out my profile! I have been in the Real Estate business since March of 2011, and I am loving it. I grew up in Union City, MI. Having spent much of my adult life working in the Insurance industry throughout the United States. I found a natural fit in Real Estate due to skills learned in the insurance industry which helped me realize that I love meeting and working with new people. Real Estate has been very rewarding in the respect that I have met […]

The BuildFax residential remodeling index rose to the highest level for a December since the index began in 2004 and continues to exceed levels reached during the home-equity withdrawal boom of 2004 to 2006. The index rose 22.8% to 127.4 in December from 103.7 a year earlier. The index is down 7.6% from November when it stood at 137.9. While the index rose considerably from December 2010, “remodeling activity slowed from November to December 2011 as it did in 2010 — an expected change seen in previous years around the […]

Housing starts rose 1.5% in January, according to Commerce Department data, to the highest level since October 2008. On a seasonally adjusted basis, starts increased to 699,000 from 689,000 for December, which was revised upward by 32,000. January housing starts rose 9.9% from 636,000 a year earlier. Analysts polled by Econoday expected housing starts to come in at 675,000 with a range of estimates between 640,000 and 736,000. “January’s housing starts data support our view that homebuilders are shaking off the shackles of the last five years and are beginning […]

January home sales in Southern California inched higher while prices fell — a trend occuring in other parts of the U.S. across the nation — as traditional buyers retreated and investors snapped up homes at a record level. More than 14,523 new and resale houses and condos sold in January in the six counties that comprise Southern California, according to DataQuick. The figure held steady from a year earlier when home sales totaled 14,458, but fell 24.5% from 19,247 in December. Sales increased year-over-year for the last six months, except […]

Housing affordability conditions improved in most metropolitan areas from softer existing-home prices and record-low mortgage interest rates in the fourth quarter, with rising sales and lower inventory creating more balanced conditions, according to the latest quarterly report by the National Association of REALTORS®. Introduced with this release is a new annual metro-level housing affordability index, with historically favorable conditions dominating across the country. The median existing single-family home price rose in 29 out of 149 metropolitan statistical areas in the fourth quarter from a year earlier; two were unchanged and 118 […]

Representing Buyers and Sellers in the Greater Nashville area, I have relationships with lenders, inspectors, builders, and appraisers to help make your real estate transaction a pleasure from start to finish. Real estate transactions can be confusing and frustrating. When you work with me, you can rest assured that I will not only handle the details, but make sure your interests are protected. Whether you’re a first time homebuyer, selling your current home, or relocating to the area I would be honored to have the opportunity to earn your business. […]

Homebuilder confidence in the single-family homes segment jumped for the fifth consecutive month in February, reaching a four-year high, an industry trade group said Wednesday. The National Association of Home Builders/Wells Fargo housing market index, which measures homebuilders general view of the market, rose to a score of 29. While that score is up from 25 the previous month, it is still far below 50, which generally indicates more builders view market conditions as good rather than poor. “Builder confidence has doubled since September,” NAHB Chairman Barry Rutenberg said. “Given […]

Mortgage applications declined 1% in the past week on fewer home purchases, the Mortgage Bankers Association said Wednesday. The trade group’s market composite index shows the loan application volume falling for the week ended Feb. 10 as the seasonally adjusted purchase index declined 8.4% from the previous week. The refinance index rose 0.8% and refinancings represented 81.1% of all home loan applications. The average loan size rose to $226,000 from $225,000 in December and $207,000 in January 2011. Mortgages for properties in Washington, D.C., had the highest average loan size […]