by Dan Polimino | Mar 20, 2009 | Luxury Market
In response to the announcement yesterday by the Federal Reserve to purchase up to $750 billion in mortgage-backed securities, NATIONAL ASSOCIATION OF REALTORS® President Charles McMillan released the following statement: “NAR applauds the Federal Reserve...
by Dan Polimino | Feb 26, 2009 | Luxury Market
THE NATIONAL ASSOCIATION OF REALTORS® expressed support of President Obama’s broadened focus of the nation’s economic recovery that stresses housing stability and making health care an important component of his economic revitalization strategy, in...
by Dan Polimino | Feb 24, 2009 | Luxury Market
More people can afford a house today than in the last five years, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. A family earning the national median income of $61,500 a year would be able to buy more than 60 percent of...
by Dan Polimino | Feb 18, 2009 | Luxury Market
The Obama administration is considering plans to subsidize mortgage payments for owners facing financial troubles and allow underwater homeowners to refinance. Plans are likely to be announced Wednesday. The refinancing proposal is expected to include a test that...
by Dan Polimino | Jan 14, 2009 | Luxury Market
President-elect Barack Obama said in an interview Sunday on ABC’s “This Week†that the government hasn’t done enough to prevent foreclosures. “I think that when you look at how we have handled the home foreclosure situation and whether...
by Dan Polimino | Dec 12, 2008 | Luxury Market
Housing prices have fallen dramatically all over the country and rates on 30-year fixed-rate mortgages are already close to 5.5 percent. Experts say it’s possible, with government encouragement, that rates will fall as low as 4.5 percent. Now is the time for...
