News & Industry Updates

Market News and Local Real Estate News and Information.

The Breeze Team keeps up to date on financial and market news.

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Buyers cautiously sniffing housing market.

With white tin ceilings, original woodwork, bay windows, and a $699,000 price tag, the two-bedroom apartment at 719 Carroll St. in Brooklyn would have been snatched up in a New York minute a couple of...Click here to read the full story.

Rates on 30 year fixed mortgage ties record low

WASHINGTON – Rates on 30-year mortgages tied a record low this week, spurring refinancing activity as the troubled housing market moves closer to possibly hitting the bottom, Freddie Mac said Thursday...Click here to read the full story.

5 tips on buying a foreclosed home

(Money Magazine) -- 1. Finding one has become easier You don't need to show up at courthouse auctions or comb through legal filings. These days many banks sell foreclosed homes through real estate ...Click here to read the full story.

Mortgages Getting More Expensive

In wake of huge losses, Fannie Mae announces changes that will make home loans harder and more expensive to obtain. The good news: Mortgage giant Fannie Mae is taking steps to shore up its finances. ...Click here to read the full story.

30 year fixed holds fast

WASHINGTON - Rates on 30-year mortgages didn’t budge this week, while rates on other home loans were a mixed bag. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortg...Click here to read the full story.

How to buy a foreclosed home

NEW YORK (CNNMoney.com) -- Hoping to score a house on the cheap by buying a foreclosed property? There are good deals out there, but the process is complicated and risky. Here's what you need to know....Click here to read the full story.

New home sales rise slightly

WASHINGTON - Sales of new single-family U.S. homes rose 1.7 percent in October from a September level that was revised down sharply while the median sales price plunged, according to a government repo...Click here to read the full story.

Mortgage rates at more than two-year low

WASHINGTON - Mortgage rates fell sharply this week with rates on 30-year mortgages dropping to the lowest level in more than two years. Freddie Mac, the mortgage company, reported Thursday that 30-...Click here to read the full story.

America's big, fat housing inventory

Houston, you have a problem � with housing inventory. And as the number of homes for sale in the country continues to creep upward thanks to waning demand, many other major U.S. cities are dealing wit...Click here to read the full story.

Hard times costing many people their homes

ROCHESTER HILLS, Mich. - At 14, Joan Cyman hauled wood and clutched a hammer with her father to build a deck on the back of their house. It was one of many projects to turn the already attractive f...Click here to read the full story.