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Real Estate News
 
September 2007
> Eliminating 'Phantom Tax' on Foreclosures Gets a Boost
NAR has long been a champion for consumers facing tax on debt forgiven by lenders.
 
> Disaster Insurance Bill Takes Big Step Forward
NAR strongly supports of the Homeowners Defense Act of 2007, which gained passage Wednesday from the U.S. House Financial Services Committee.
 
> Mortgage Problems Chip Away at August Home Sales
Find out what happened regionally across the United States with home sales last month and what's on the horizon for the housing market, based on NAR's latest research.
 
> Fannie, Freddie Get More Subprime Flexibility
The Office of Federal Housing Enterprise Oversight on Wednesday agreed to allow both companies to buy more subprime loans, a decision that NAR applauds.
 
> NAR Calls Yesterday 'Good Day for Housing'
House action on long-sought FHA reform and the rate cut by the Federal Reserve will help shore up consumer confidence.
 
> 5 Hot Trends in Real Estate Development
From "green" construction to mixed-used developments, an engineering firm identifies some of the most robust opportunities in real estate.
 
> Mortgage Problems Dampen Home Sales
"There's been an unusual hit to home sales, starting in March when subprime problems emerged and more recently when problems spread to jumbo loans," says NAR's senior economist.
 
> Florida Housing Market Sluggish but Stable
A University of Florida study released this week says the state's single-family housing market is stabilizing, while condos continue to struggle.
 
> Mortgage Activity Climbs Out of Summer Doldrums
At 10 percent, the year-over-year application rise in home loans is significant.
 
> NAR: Mortgage Disruption May Slow Home Sales
Temporary problems are mainly with jumbo loans, and subprime issues continue to linger, but most buyers should be OK in the months ahead.
 
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