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Real Estate News
 
August 2007
> FHA Policy Changes Would Ease Mortgage Crisis
NAR on Friday voiced support for an array of FHA changes proposed by President George W. Bush to stem the rapidly rising foreclosure rate.
 
> NAR: Existing-Home Sales Stabilize in July
However, the rise in sales and prices in the Northeast region is a promising sign and may indicate a rebound is on the horizon for other regions too, NAR's senior economist says.
 
> NAR: More Is Needed to Stop Abusive Lending
To end to abusive lending and bring confidence to the housing market, NAR proposes new rules on prepayment penalties, low-doc loans, and more.
 
> Mortgage Applications Rise Again
Mortgage applications rose 3.4 percent last week, marking the third consecutive week that volume has increased despite higher rates.
 
> Mortgage Apps Rise After Mid-Summer Slowdown
Rate for 30-year fixed loan still low at average 6.41 percent.
 
> Near-Term Home Sales to Hold in Modest Range
Modest upturn could be in the cards at the end of the year.
 
> What Buyers Want: Top Home Preferences
Home buyers want oversize garages, air conditioning, and a walk-in closet in the master bedroom, according to NAR's latest survey. Find out what else buyers are requesting.
 
> More Buildings Go Green
A survey of local home building associations shows that more than 97,000 eco-friendly homes have been constructed since the mid-1990s through voluntary green building programs.
 
> NAR: Market Shows Signs of Improvement
June pending home sales rose 5 percent in May, the largest monthly gain recorded in more than three years, according to NAR's latest report.
 
> Mortgage Applications, Interest Rates Fall Slightly
Mortgage applications fell last week for the second consecutive week, down 0.3 percent on a seasonally adjusted basis.
 
> Survey Reveals Renters Wish Lists
In attracting good tenants, landlords must offer the right amenities. But what are they? A new survey shows what amenities renters want most.
 
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