Increased lending to creditworthy home buyers and more loan modifications and short sales are necessary to reduce the rising inventory of foreclosed homes and help stabilize and revitalize the housing industry and economy.
Pending home sales declined in July but remain well above year-ago levels, according to the National Association of Realtors®. All regions show monthly declines except for the West, which continues to show the highest level of sales contract activity.
Ten Realtors® were recognized today by the National Association of Realtors® as finalists for REALTOR® Magazine’s 2011 Good Neighbor Awards.
As homeowners across the East Coast brace for Hurricane Irene and the heavy rains that are expected to fall over the next few days, the current threat underscores the importance of flood insurance, which is the only way for homeowners to financially protect their property or businesses from flood damages.
Changes to the mortgage interest deduction could dramatically impact home owners and aspiring home owners in Grand Rapids, Mich., and beyond. That’s just one of the many issues the National Association of Realtors® wants Michigan residents to know about as the Home Ownership Matters Bus Tour pulls into Grand Rapids this week.