Real Estate Outlook for 2010

US News & World Report has an excellent article on the outlook for Real Estate in 2010. Read it here. In the author’s opinion, interest rates along coupled with lower housing prices should be key to an economic return in 2010 for real estate. Particularly...

Foreclosure Outlook for 2010

Residential mortgage numbers in default are higher than they have been since the Great Depression. Realty Trac, publisher of the country’s largest database of foreclosure activity, estimates that the numbers will continue to increase through the third quarter of...

MGIC Sued by B of A

Countrywide Home Loans Inc and BAC Home Loans Servicing filed suit on December 17 alleging that MGIC denied and continues to deny mortgage insurance claims submitted by them and that shares of the Wisconsin-based company fell nearly 10 percent. Bank of America says...

Minnesota Real Estate Taxes Out of Control

Despite the housing-bust and declining home values, Minnesota homeowners see property taxes increase at an alarming rate in 2010. Local governments are turning to property taxes to help with fiscal deficits. Homeowners in several states are fighting for caps on...

Flood Insurance Program Extended

Closers,  Insurance and Financial Advisor reports that the House and Senate have passed a two-month extension to the FEMA federal flood program to run through Feb. 28, 2010. This is the third short-term extension of the program this year.  The Property Casualty...