House Minority leader John Boehner of Ohio lashed an attack on President Barack Obama and his allies during his Tuesday speech in Cleveland. He criticized the way the president has been handling economic affairs and called for the resignation of top economic advisers. Boehner began his speech by demanding that Obama avoid the "job-killing tax hikes" that he’s been implementing. The Read full article »
Empire State Building Might Get Competition Soon; Owner Says “No”!
New York’s most prominent skyscraper is about to get competition and its owner is trying to protest the construction of it. Manhattan skies are most defined by skyscrapers, but none is as arresting as the tallest of them – the Empire State Building. But a proposal by David Greenbaum, who is the president of Vornado Realty Trust in New York, will Read full article »
category: Commercial, Featured
tags: Empire State Building, New York
June Home Sales UP In The Phoenix Metro
Phoenix, Arizona has seen some ups and downs in its June home sales, with the biggest high for the overall sales. The region has boosted its monthly sales by 11%, as compared to the previous month. Even the median sale price rose, for the fourth month in a row, above last year’s level. A lot of factors can be thanked for Read full article »
category: Featured, Residential
Obama’s Mortgage-Relief Program Left By More Than Half Of Those Enrolled
It seems like the Obama administration’s flagship program on mortgage-relief is failing. Those who were supposed to be helped by the program are falling out one-by-one. Nearly half of those enrolled have been kicked out. The Treasury Department released a new report last Friday. It revealed that in July, around 630,000 homeowners – almost half of those who are enrolled – Read full article »
Realtors Extend Help To Military Men And Women
Members of the armed forces and veterans have found a good partner with mother-daughter team Karen Stein and Ariel Palmieri. The team-up that built Ariel & Karen Real Estate Team has helped military clients buy and sell homes. According to Coldwell banker, Stein and Palmieri have closed nine transactions on behalf of armed forces members and veterans. Unique listings and sales Read full article »
Home Affordable Modification Program Being Dubbed As An “Extend And Pretend” Program
Last year, President Barack Obama launched the Home Affordable Modification Program. Allocated a budget of $75 billion, the program is supposed to help three to four million homeowners stay away from foreclosure. Eighteen months after its launch, though, HAMP is being dubbed by analysts and economists as just ‘extend and pretend’. Despite Department of Housing and Urban Development assistant secretary Raphael Read full article »
Mortgages At All-Time Low, Time To Buy Homes
All these talks of the housing market falling deeper and deeper are enough to scare people from purchasing a home or refinancing their interest rates. Not to mention, credit ratings are down and home equity have been lost in the past two years and a half. Yet many industry experts say that now is the best time for buying and Read full article »
tags: mortgage
State-Based Efforts On Housing Crisis Hoped To Better The Number Of Foreclosures
New state-based efforts on helping the housing crisis and minimizing foreclosures are being implemented by the Obama administration. Though these efforts are yet to be tested, many are looking at them as better options as compared to the federal level programs on foreclosures. The country has been hit by lots of economic bad news. Thursday reports an increase in unemployment rates Read full article »
category: Featured, Residential
tags: foreclosure, obama
Latinos Own Almost Half Of Foreclosures In California, Says Report
A ‘first of its kind’ report was recently released by the Center for Responsible Lending, a non-profit research and public policy group. The report, entitled “Dreams Deferred: Impact and Characteristics of the California Foreclosure Crisis”, looked into the racial makeup of California home foreclosures. Analyzing more than half a million foreclosures, the report revealed that Latinos experience higher foreclosure rates vis-à-vis Read full article »
category: Featured, Residential
Increasing Foreclosures Lead To More Mortgage Frauds
For the economy to ever have a chance at bouncing back, the issue of mortgage fraud should be addressed. With foreclosures happening left and right, different scams are coming to fore and it’s hurting the country’s chances of ever picking up from the economic slump. Though mortgage fraud comes in different forms these days, the well-thought out plans always involve a limited Read full article »
category: Featured, Residential
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