Many who bought property between 2001 and 2007 lost money. These were years where prices aggressively increased, largely due to loose lending practices that allowed people to buy homes they could not afford using loans that were only temporarily manageable. Foreclosure News

Real estate: Focus is on engagement as Pawleys broker leads Realtors group

December 14, 2018 admin

Thomas was sworn in last week as the president of the 4,000-member Coastal Carolinas Association of Realtors. Foreclosure News

Kelowna real estate market slows

December 9, 2018 admin

“Last month, we waited to see how the market would react to the Bank of Canada's latest interest rate hike and the B.C. government's tabling of their speculation tax,” said Marv Beer, president of the Okanagan Mainline Real Estate Board. However, it's a shock after the sellers' market earlier this year that saw homes sell […]

Real estate: Realtors forecast nationwide home sales will stabilize

November 25, 2018 admin

Consumers should expect home sales to flatten and home prices to continue to increase, though at a slower pace, according to a 2019 housing and economic forecast presented at the 2018 National Association of Realtors Conference & Expo held in Boston early this month. Lawrence Yun, chief economist with the National Association of Realtors, said […]

Real estate trouble: reverse mortgages deplete FHA insurance reserves

November 22, 2018 admin

The Federal Housing Administration's 2018 audits revealed that losses from real estate reverse mortgages destroyed about a third of the taxpayer-guaranteed insurance reserves. The FHA Mutual Mortgage Insurance Fund on November 15 reported an $ 8 billion profit with a $ 1.26 trillion portfolio of loan guarantees for the fiscal year ending September 30. FHA's […]