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Realty Reality - Blog Posts - Highlights - November 2008

By
Real Estate Agent with RE/MAX Preferred

Here are some of the Realty Reality blog articles that appeared during the past month of November:

Census Bureau Release October 2008 Homes Sales
Sales of new one-family houses in October 2008 were at a seasonally adjusted annual rate of 433,000, according to estimates released jointly recently by the U.S. Census Bureau and the Department of Housing and Urban Development...

Celebrate: Thanksgiving 2008
Hoping everyone has a happy and safe Thanksgiving Holiday (and productive shopping time! :-)
For informative history and resources about our Thanksgiving Holiday, see my previous article: Celebrate Thanksgiving...

MBA Study Shows Government-Insured Share of Mortgage Applications Continues to Increase
WASHINGTON, D.C. - The government-insured share of mortgage applications continues to grow relative to conventional mortgage applications, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. Of all mortgage applications taken during the month of October 2008, 32.9 percent were for government-insured loans (consisting mainly of FHA loans) compared to 10.3 percent in October 2007...

Flexibility for "Hope For Homeowners" Program Just Announced
WASHINGTON - U.S. Housing and Urban Development (HUD) Secretary Steve Preston today announced that the HOPE for Homeowners (H4H) Board of Directors has approved changes to the program to help more distressed borrowers refinance into affordable, government-back mortgages. The changes will reduce the program costs for consumers and lenders alike while also expanding eligibility by driving down the borrower's monthly mortgage payments...

Strengthening Your Personal Finances: Some Guidelines
Eight areas on which to focus in order to strengthen your finances and survive in a difficult economy...

Mortgages Today: What to Know
With so much changing in the real estate and financial markets in recent weeks, many potential buyers are looking for answers. If you're currently shopping around for a mortgage, here is some information to consider...

Home Safety Council® Research Reveals Few Families Take Action to Prevent Falls - the Leading Cause of Home Injury
NATIONAL NONPROFIT URGES CAREGIVERS TO PROTECT OLDER ADULTS AND CHILDREN - THE AGE GROUPS AT MOST RISK.  Falls are the leading cause of home injury and injury-related death in the U.S. However, new research from the Home Safety Council (HSC) indicates only 25 percent of adults have taken any action at all to prevent injuries from falls in and around their homes. In particular, by failing to take critical falls-prevention measures, caregivers are leaving their loved ones at serious risk for the nearly 5.1 million injuries and close...

HUD Issues New Mortgage Rules To Help Consumers Shop For Lower Cost Home Loans
New 'Good Faith Estimate' will help borrowers save nearly $700.  WASHINGTON - For the first time in more than 30 years, the U.S. Department of Housing and Urban Development(HUD) today issued long-anticipated mortgage reforms that will help consumers to shop for the lowest cost mortgage and avoid costly and potentially harmful loan offers. HUD will require, for the first time ever, that lenders and mortgage brokers provide consumers with a standard Good Faith Estimate (GFE) that clearly discloses key loan terms and closing costs. HUD estimates its new regulation will save consumers nearly $700 at the closing table...

Community Supported Agriculture: Powerful Produce
For most consumers, the only brush with truly fresh produce is when making a trip to the local farmer's market. Unless you're lucky enough to have both a patch of land suitable for a garden and the requisite green thumb, you're likely more used to the unpredictable world of supermarket produce. This predicament has spawned an innovative system that connects normal consumers with small family farms in your area. This increasingly popular strategy is known as "Community Supported Agriculture"...

HUD Announces New, Permanent FHA Mortgage Loan Limits
WASHINGTON - U.S. Department of Housing and Urban Development(HUD) Secretary Steve Preston today announced the new Federal Housing Administration (FHA) mortgage loan limits for single-family homes as prescribed by the Housing and Economic Recovery Act of 2008...

More Governments Coming to Evicted Renters' Rescue
Governments are stepping in to protect renters who find themselves evicted when the property they rent is foreclosed...
 


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