December 2011

Tweet If your New Year’s resolutions include buying a house or refinancing, the Federal Reserve has you covered. It has committed to keep long-term interest rates low through next year, so a 30-year mortgage will be pegged about where it is now – 4.32 percent in New York – at least through spring, said Frank [...]

Tweet Forbes ranked the 100 largest U.S. Metropolitan Statistical Areas based on projected job growth rates for 2010 to 2012 and cost of living data, median salaries for 24 to 34 year old employed college graduates, unemployment rates, Census Bureau data on the number of small businesses and large businesses per capita, and the percentage [...]

Tweet Benefits that distressed homeowners receive from credit counseling translate into mortgage servicers saving millions of dollars, according to The Stratmor Group. Counseling enables borrowers to remain in their homes and avoid foreclosure, short sales or deed‐in‐lieu transfers of their property to the lender, allowing servicers to avoid substantial losses on the loans. Statmor found [...]

Tweet More than 50 home floor plans are currently available in the master-planned community of Summerlin. “Summerlin is a great place to live because it has so many recreational, social, educational and cultural offerings conveniently located in quaint neighborhood settings,” said Kevin Orrock, executive vice president of master-planned communities for The Howard Hughes Corp., developer [...]