Speeding Up Short Sales

Beginning June 15, the Federal Housing Finance Agency, which regulates Fannie Mae and Freddie Mac, will require both agencies to give short-sale buyers a final decision within 60 days. Making sense of the story Under this same guideline, Fannie Mae and Freddie Mac...

Income to Qualify for Mortgage Well Below U.S. Median

The amount of income needed to qualify for a mortgage is well below the median income in most parts of the U.S., according to NAR data. NAR found that the national median family income was $61,000 in the first quarter. If a buyer wanted to purchase a home at the...

CAR 2012 Consumer Advertising Campaign Now Airing

The CALIFORNIA ASSOCIATION OF REALTORS®’ 2012 consumer advertising campaign, “California REALTORS®. Champions of Home,” may now be seen or heard across California on TV, radio, and online. The campaign continues to raise awareness of the REALTOR® brand and reinforce...