Mar
Realtors® Pledge Assistance for Guidelines on Foreclosure Fixes)
NAR President Charles McMillan issues a statement on member support for President Obama’s Making Home Affordable plan.
Feb
Market Snapshot
President Obama announced two initiatives to help homeowners avoid foreclosure. One is a refinancing program for homeowners with less than 20% equity in their homes, or who owe more than their home is worth. The second program attempts to lower monthly payments for homeowners at risk of losing their homes. I’ll be monitoring this information [...]
Feb
Market Snapshot
President Obama signed the $787 Billion Stimulus Plan yesterday and will unveil more details today regarding his strategy to help more homeowners avoid foreclosure.
In other news, housing numbers showed continued weakness, as new home construction fell in January well below expectations. The silver lining, however, is that less supply will eventually lead to improvement in [...]
Feb
How will the new Stimulus Plan benefit you and the housing market
Just signed and sealed by President Obama…a $787 Billion Stimulus Plan made up of tax cuts and spending programs aims at reviving the US Economy. Although the package was scaled down from nearly $1 Trillion, it still stands as the largest anti-recession effort since World War II. Homeowners and potential homebuyers stand to gain from [...]