Monday, 13 January 2025

Finance & Mortgage

Negative Equity Common Among Young Borrowers

Homeowners between 30 and 34 years of age account for more than 50 percent of those who are underwater.

High Home Insurance Premiums Hit Florida

Increasing home insurance premiums can be a damper to Florida’s booming real estate industry The real estate market in Florida is booming, thanks to an increasing number of foreigners buying vacation homes in the southern state with longest coastline.

Fall in Prices Do Not Stir Up Canadian Home Sales

Sale of homes in Canada remained steady, even though prices fell by 2 percent Sale of homes in Canada remained steady, even though prices fell by 2 percent Even though home prices have gone down in Canada, sales remained steady, statistics released by the Canadian Real Estate Association (CREA) showed.

EDITOR'S PICKS

Foreclosure Filings Drop by 10 Percent

foreclosure tracking site Realty Trac reported that foreclosure filings on U.S. properties have come down by 10 percent compared to last year
By Kristyan Morgan
Mortgage Calculators Help Consumers

Due to fluctuating mortgage rates, those seeking home loans should check out a wide array of options available in the market.
By Kristyan Morgan
US housing markets on a rebound, overcome three-year jinx

Escalating housing prices have not affected the demand for housing across the US Defying the trend of last of three years and despite economic uncertainties and increasing housing prices, the demand for housing across the country has increased.
By Kristyne Morgan
Foreclosure 2009-10 victims may receive compensation

Homeowners, who were victims of foreclosure abuses between 2009 and 2010, may be eligible to claim over $125,000 from lenders as part of an Independent Foreclosure Review that is being overseen by two government agencies.
By Staff Reporter
Florida sees rise in home prices in 2012

New housing data showed that pending sales, closed sales and median prices rose in Florida, while the inventory of homes and condos for sale dropped in Florida's housing market in May, according to the Florida Realtors.
By Staff Reporter
Canadian government tightened conditions for borrowers and lenders

The Canadian federal government announced plans to tighten rules on mortgage lending in a bid to curb rising household debt levels.
By Staff Reporter
Real estate is recovering: BMO Capital Markets

Even though there's been a drop in U.S. housing prices, the real estate market is still recovering, according to BMO Capital Markets Economics, a financial services company.
By Staff Reporter
Chartwell Seniors selling six U.S. properties

Chartwell Seniors Housing Real Estate Investment Trust is selling six properties in the United States for about $165.5-million.
By Staff Reporter
30-year mortgage rate up to 3.71 Pct

The 30-year fixed mortgage rate rose to 3.71 percent from 3.67 percent a week ago, ending the rate’s six-week decline. This time last year, the average was 4.50 percent, according to the latest data released Thursday by Freddie Mac.
By Staff Reporter
Breakdown of mortgage rates for past 52 weeks

Average rates on fixed mortgages rose this week, the first increase in seven weeks, according to the latest data released Thursday by Freddie Mac.
By Staff Reporter