Tags » California Housing Market

Fannie Mae and Freddie Mac offer 3 percent down payment option to help first-time home buyers

California REALTORS® hailed the Federal Housing Finance Agency’s announcement this week that government-sponsored enterprises Fannie Mae and Freddie Mac will lower down payments to as little as 3 percent for first-time home buyers and permit refinancing borrowers to reduce equity to 3 percent to cover closing costs. 325 more words

Real Estate

NAR Calls REALTORS® to Action: Urge your Senators to extend mortgage debt forgiveness tax relief

The income tax exemption on mortgage debt forgiven in a short sale or a workout for principal residences expired at the end of 2013. Without immediate action by Congress, distressed homeowners will have to pay tax on “phantom income” from forgiven debt. 138 more words

Real Estate

Bloomberg Financial Interview at the BNY Mellon Conference: Housing Reality


Podcast time 2:30 – 13:30

http://media.bloomberg.com/bb/avfile/Economics/On_Economy/vP_3ksupifXY.mp3

Thanks To Kathleen Hays, Vonnie Quinn & Bloomberg Financial for the invitation to the St. Regis hotel in Monarch Beach… 30 more words

International real estate designation raises REALTOR® awareness on doing business with foreign clients

Twenty-three REALTORS® attended the National Association of REALTORS® (NAR) Certified International Property Specialist (CIPS) Institute offered at the Silicon Valley Association of REALTORS® (SILVAR) on November 17-21. 263 more words

Real Estate

Real estate fraud continues even with housing market recovery, according to CalBRE

Despite the housing market recovery, scammers are still attempting to defraud unsuspecting homeowners, according to the California Bureau of Real Estate (CalBRE)). CalBRE is asking consumers and real estate agents to be on the alert and report suspicious fraudulent activity. 392 more words

Real Estate