Property Management News

The Financial Mistake That Can Cost Homeowners

If you haven't refinanced your mortgage yet, you could be leaving tens of thousands of dollars on the table. Interest rates have bounced around historical lows for years, yet a surprising number of homeowners who could benefit from a refinancing still haven't taken advantage of the potential cost savings, Ed Conarchy, a mortgage adviser for Cherry Creek Mortgage in Gurnee, Illinois, said in a new Bankrate report issued Monday. The reasons for that may surprise a lot of us: Some people are simply unaware of their current rate or don’t have the get-up-and-gumption to refinance, experts say. In 2014, the rate on a 30-year fixed mortgage averaged 4.24 percent. Rates have... Read more

  Fixing up your home makes sense from a financial standpoint. That’s because the IRS rewards certain types of loans for home improvements with special tax...

Millions of Americans who lost their homes during the foreclosure crisis are now poised to become homeowners again. That's according to a new report from...

Apartment rents will finish the year high and vacancy rates low across Los Angeles County, and those gains are expected to persist into next year along with a minor...

If you're like most property owners you're probably thinking of ways to pay off your mortgage sooner. Here are 4 tips to assist in reducing mortgage debt by...

Fannie Mae Improves Short Sale Process

Fannie Mae just announced the expansion of the HomePath® for Short Sales website, a communication tool created to help real estate professionals efficiently complete short sales and resolve challenges directly with Fannie Mae. The new functionality will allow agents to contact Fannie Mae sooner in the short sale process and preempt potential challenges before they have a chance to escalate later on. The website is open to any real estate professional working on a short sale involving a Fannie Mae-owned loan. Through the expanded HomePath Short Sale Portal, listing agents can work directly with Fannie Mae to: Request list price guidance prior to listing a property; View the status of... Read more

Freddie Mac's current Multi-Indicator Market Index SM (MiMiSM)  shows the U.S. housing market overall largely flat compared to the prior month and especially since...

Apartment markets rebounded from a soft January, according to the latest National Multifamily Housing Council (NMHC) Quarterly Survey of Apartment Market...

A Maryland man was sentenced to one year and a day in prison for defrauding thousands of homeowners in a $4 million nationwide home loan modification scheme. According...

Important bipartisan legislation will fix the nation's housing finance system and help spur the economy, according to the National Multifamily Housing Council, and...