Category: Real Estate News

Tuesday, the Federal Reserve in it’s latest strategy for creating liquidity in the financial markets lead to a rally on Wall Street, with the Dow Jones Industrial Average gaining more than 416 points - its largest one-day point gain in almost six years.
Fed Accepts Mortgage-Backed Securities as Loan Collateral
The Fed announced that it will loan financial institutions up to $200-billion for up to 28 days, accepting lenders’ troubled mortgage-backed securities as collateral.  In turn, banks will be able to lend money to others, and the credit markets can flow once again. 

Wednesday, the Federal Reserve Bank announced a new approach to help increase liquidity in the U.S. financial system.  Through a temporary “term auction facility” (TAF), banks can borrow from the Federal Reserve for a one-month term at a below-discount rate, set by …

Stock Market News; On Wall Street the Stock Market appeared to abandon its fears about the depth of recent housing and credit industry woes and opened the fourth quarter of the calendar year Monday (October 1, 2007) with huge gains.

According to an …

Today’s headline “Home sales, prices tumble” on the front page of the business section of my local daily newspaper was ominous: This headline, in Florida’s largest newspaper (the St. Petersburg Times), is followed by a secondary headline that explains: …

Selling their home for more than a year now, my in-laws have have had no luck. Longtime empty-nesters who moved to the Sunshine State two decades ago from the New York metropolitan area, they want to move into a smaller house, …

Is the housing market all bad news? You can barely climb out of bed these days without hearing some more bad news about the housing market and the mortgage industry: Home values are declining, home sales are down both for new …

In a down housing market, every real estate company (and the sellers they represent) are doing all kinds of things to maintain their business, offering assorted freebies and getting creative in their efforts to get potential buyers to commit.

Many real estate companies …

How much is your home worth and how does it compare to other nearby homes?

To answer these questions, you could hire an appraiser or a real estate agent. But those options cost money. And what if you’re just curious and …