Gay Real Estate News | Gay Realtor Headlines | GayRealEstate.com

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 […]

The Consumer Financial Protection Bureau seeks industry feedback on a prototype monthly mortgage statement that aims to provide borrowers with more detailed information about their home loans. Under the sweeping reforms of the Dodd-Frank Act, mortgage statements must contain information about the creditor, loan assignee and mortgage servicer. In addition, the new law stipulates mortgage statements should provide borrowers with information on the principal loan amount, current interest rate, the date of interest rate resets and a description of any late payment or penalty fees. The statement should also provide […]

Major banks will reimburse military servicemembers for any wrongful foreclosures done in the past five years. JPMorgan Chase ($38.47 0.47%), Wells Fargo ($31.09 0.72%), Citigroup ($32.92 0.21%), and Ally Financial ($23.78 0.18%) will resolve Servicemembers Civil Relief Act claims in connection to the wider $25 billion foreclosure settlement, U.S. Assistant Attorney General Thomas Perez said in a speech Friday. These four banks will conduct a review overseen by the Justice Department to find any foreclosure violations of SCRA since Jan. 1, 2006. Wells, Citi and Ally will pay a military […]

Working within the Airline Industry for 10+ years I flew, managed flight bases and taught Flight Attendants at one of the largest airlines in the world. Having found my way back to beautiful North Carolina I decided to make a career change to real estate. Real Estate is a passion and allows me to see many beautiful homes and encounter many walks of life. After 6 years of sales I decided to continue my knowledge in this field and obtained my Appraisal Certification. 
Performing both Sales and Appraisals allows me […]

A small pilot principal reduction program Fannie Mae killed in 2010 was not performing well enough for executives to expand, the mortgage giant claims. Reps. Elijah Cummings, D-Md., and John Tierney, D-Mass., sent a letter to Federal Housing Finance Agency Acting Director Edward DeMarco on Feb. 8, raising concerns about analysis on principal reductions used to keep the GSEs from implementing such programs. They also cited an unnamed former executive at Fannie who said a pilot program was actually developed, tentatively approved, then stopped before the analysis was given to […]