Daily Archives: August 1, 2012

Fannie, Freddie Still Barred from Cutting Principal

Marcy Gordon, Associated Press for The Boston Globe, August 1st, 2012 A federal regulator is standing by its decision to bar Fannie Mae and Freddie Mac from reducing principal for borrowers at risk of foreclosure, resisting pressure from the Obama … Continue reading

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Boston Area Home Values see Boost in May

Jenifer B. McKim Globe Staff, The Boston Globe, August 1st, 2012 Boston area housing values increased by 2.4% in May compared with April, according to data released Tuesday by the S&P./Case-Shiller Home Price Indices. That marked the second consecutive month … Continue reading

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5 Questions Every Buyer should ask their Agent

Mood of the Market By Tara-Nicholle Nelson, Inman News®, August 1st, 2012 In this day and age, one can easily get educated about homebuying online, on your couch and in your pajamas — and while watching “House Hunters International,” no … Continue reading

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Sell Now or Hold out for a Higher Price?

In some markets, economic conditions hint at housing recovery By Dian Hymer, Inman News®, August 1st, 2012 Recent news suggests that the housing market might be moving in the right direction. According to the National Association of REALTORS® (NAR), existing-home … Continue reading

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Refinance Mortgage Applications Hit a 3-year High

By Kerri Ann Panchuk • August 1, 2012 • HousingWire.com Mortgage applications edged up slightly during the week ending July 27, as the refinance index reached its highest level in three years, an industry trade group said Wednesday. Still, analysts … Continue reading

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Freddie Mac Announces Planned Changes to Relief Refinance Program

07/31/2012 By: Tory Barringer Freddie Mac announced Tuesday its plans to expand on its Relief Refinance Mortgage Program by aligning separate mortgage requirements. The GSE announced that it will align requirements for mortgages with loan-to-value (LTV) ratios that are equal … Continue reading

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Consumer Confidence Rises, Beats Expectation

Posted by jhuseman on 7/31/12, HousingWire.com Consumer confidence took an unexpected turn for the better in July, as Americans were more optimistic about the short-term outlook than current conditions, reported the Chicago Tribune via Reuters. The Conference Board, which conducted … Continue reading

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Mass. June Construction Contracts up 16% in Boston Area

Bankers & Tradesmen, July 31st, 2012, Future contracts for construction in Massachusetts were up 20 percent year-to-date in June compared to the same month a year ago, according to McGraw-Hill. Of the $5.3 billion reported for Massachusetts by McGraw-Hill, $2.8 … Continue reading

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Mass. Home Prices Up in May, U.S. Stretches Streak to Four Months

Bankers & Tradesman, July 31st, 2012 Boston metro area home prices crept up about 2 percent in May, as prices nationwide climbed for the fourth consecutive month, a closely watched survey showed on Tuesday. U.S. single-family home prices rose for … Continue reading

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