One of the biggest obstacles home buyers are facing is qualifying for financing, and a new report by the Federal Reserve shows exactly how big of struggle potential borrowers face.
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The president of a Japanese real estate company was brutally attacked late last week when a man entered his office wielding a samurai sword.
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The Federal Housing Administration is reportedly considering revising rules that many in the real estate industry have called overly strict and that have left many condo units ineligible for FHA’s low-downpayment mortgages.
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Home sales are expected to rise 7 percent this year as the housing market continues to make strides toward recovery, according to Fannie Mae’s latest housing market outlook.
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Tom Grant, 1978 president of the National Association of REALTORS®, was no doubt gratified to see NAR’s recent shift toward operating more forcefully in the advocacy arena. Grant, who died Saturday in Tulsa, Okla., at age 85, used his presidency to push the association to be more proactive in legislative and regulatory matters.
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Existing-home sales rose in April and remain above a year ago, while home prices continued to rise, according to the National Association of REALTORS®. The improvements in sales and prices were broad based across all regions.
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The great outdoors is the hottest place to cook during the warmer months, with 85 percent of consumers preferring to cook on the grill or smoker instead of inside on the stove, according to May poll results from the Hearth, Patio & Barbecue Association.
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