Daily Real Estate News  |  April 20, 2011  | NAR: March Existing-Home Sales Rise 3.7% Sales of existing-home sales rose in March, continuing an uneven recovery that began after sales bottomed last July, according to the NATIONAL ASSOCIATION OF REALTORS®. Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 3.7 percent … [Read more...]

Daily Real Estate News  |  April 13, 2011  | Mortgage Free? Here are a few ways you can pay off their mortgage early, according to a recent article at Bankrate.com. Add a little payment to principal. Use mortgage calculators to see how adding a little extra payment to your principal--even $100--can shorten the length of your loan and reduce the amount of interest you'll pay on it. Tracy … [Read more...]

Daily Real Estate News  |  April 11, 2011  | Investors, Foreign Buyers Cashing in on Market With affordability at an all-time high, the number of investors and international buyers taking advantage of bargains has reached a record number in all-cash purchases — and some experts predict that number will only grow higher. A record 33 percent of existing-home sales were made to cash buyers in … [Read more...]

WSJ by DREW FITZGERALD Mortgage rates ticked up again in the latest week as inflation concerns eased somewhat, according to Freddie Mac's weekly survey of mortgage rates. The 30-year fixed-rate mortgage averaged 4.86% in the week ended Thursday, up from 4.81% the previous week but down from 5.08% a year earlier. Mortgage rates generally track U.S. bond yields, which move inversely to … [Read more...]

WSJ - By BRIAN BLACKSTONE and DAVID WESSEL The European Central Bank on Thursday became the first monetary authority in a major developed economy to raise interest rates since the global financial crisis struck—a sign that the long period of extraordinarily easy credit is beginning to come to a close. In the U.S., where there is less inflation angst than in Europe, the Federal Reserve is … [Read more...]