Low Mortgage Rates a Plus for Improving Housing Market

This past week's released economic data reports came from several housing market areas, all of which showed some improvement over the past month. At the same time, Freerateupdate.com's daily survey of wholesale and direct lenders show that mortgage rates have continued to remain stable and at low levels for the past week.
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Source: realtytimes.com

Existing-Home Sales Rise in March 2011

RISMEDIA, April 21, 2011—Sales of existing-home sales rose in March 2011, continuing an uneven recovery that began after sales bottomed last July, according to the National Association of REALTORS®. Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 3.7% to a seasonally adjusted annual rate of 5.10 million in March from an upwardly revised 4.92 million in February, but are 6.3% below the 5.44 million pace in March 2010. Sales were at elevated levels from March through June of 2010 in response to the home buyer tax credit.
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Source: rismedia.com

ERA Real Estate Launches Technology Offering that Mirrors Its Culture of Collaboration

RISMEDIA, April 14, 2011—ERA Real Estate, an innovative franchising leader in the residential real estate industry, announced the launch of a new broker and agent intranet solution, teamERA.com, that brings the company’s collaborative culture to life in an online environment.
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Source: rismedia.com

Diverse Groups Respond to Proposed Rule for Qualified Residential Mortgages

RISMEDIA, April 8, 2011—The National Association of Home Builders (NAHB) hosted a media teleconference recently, along with other industry and consumer groups and finance experts, to discuss the negative impact that overly restrictive lending rules recently proposed by the Federal Deposit Insurance Corp. would have on the housing market and larger economic recovery.
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Source: rismedia.com