HOMESTAR On Track To Be Enacted Into Law

HOME STAR is a proposed federal program that would provide direct incentives to American homeowners who invest in improving the energy efficiency of their homes.

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By Theo on 09 March 2010 in Real Estate Beat

D.C. Area Employers To Hire More in Q2 2010

Washington area employers plan to hire more employees in the second quarter of 2010, according to a survey by Manpower.

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By Theo on 09 March 2010 in Real Estate Beat

Principal Reduction to Borrowers Tested

The FDIC is planning to test if reducing the mortgage balances of borrowers who are substantially underwater will save them from foreclosure.

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By Theo on 27 February 2010 in Real Estate Beat

D.C. Housing Prices Jump 10.5%

A new report says that the Washington D.C. area posted the biggest year-over-year increase in the nation last quarter, jumping more than 10.5 percent.

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By Theo on 25 February 2010 in Real Estate Beat

Prices & Home Sales Increase Significantly in Q4

Prices in the Washington area saw a 3.8 percent increase at the end of 2009, compared to a year earlier, according to NAR’s quarterly report.

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By Theo on 17 February 2010 in Real Estate Beat

First Time Buyers Can Still Benefit From The Tax Credit

First time home buyers have enough time to find a home & take advantage of the $8,000 first-time buyer tax credit, even if they start their home search now.

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By Theo on 16 February 2010 in Real Estate Beat

203(k) Loan Guidelines

The Section 203(k) program is the Federal Housing Administration’s (FHA) primary program for the rehabilitation and repair of single family properties.

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By Theo on 14 December 2009 in Real Estate Beat

Pending Home Sales: Nine Consecutive Months Gains

Here is some more good news for everybody: Pending home sales have risen for nine months in a row, a first for the series of the index since its inception in 2001, according to the National Association of Realtors.

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By Theo on 02 December 2009 in Real Estate Beat

Thirty Year Fixed Rates Drop To New Lows

The averages for 30-year, fixed-rate mortgages dropped to new lows this week, to 4.78 percent, more than a percentage point below what they were a year ago, according to Freddie Mac.

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By Theo on 01 December 2009 in Real Estate Beat

Washington Metro 3rd Healthiest Housing Market in the Country

According Builder Online, the Washington DC metro area is the 3rd healthiest housing market in the country. It is also one of few major markets to record an increase of new home sales this year.

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By Theo on 30 November 2009 in Northern Virginia, Real Estate Beat