The National Association of Realtors claims that uncertainties about a federal flood insurance program and delays in mortgage applications contributed to the dip in existing home sales in May. The association reported that there were 5.66 million existing home sales across the country in May, down from April’s 5.79 million and far short of analysts’ [...]

It comes much too late for many people who have lost their homes in foreclosure, but is welcome news for many homeowners struggling to hold onto their homes. Bank of America announced recently that it has started to forgive some mortgage debt to help stressed homeowners keep their homes and avoid bankruptcy. If Bank of [...]

Real estate industry analysts are forecasting that 2010 will be another tough year for commercial real estate with prices expected to hit bottom, creating market difficulties not seen for generations. However, they also said that like any other depressed market, there would be unique opportunities for savvy investors with deep pockets. They say that the [...]

If you’re thinking about refinancing your home, it can save many thousands of dollars over the life of a mortgage; however, home refinancing is not without peril. You have to be willing to make a sober assessment of your financial situation and conduct your own research before making the decision to refinance (refi) your [...]