Springfield IL real estate listings and homes for sale, home buying, home selling information

7/1/2009 10:10 AM

After loading up on lavish office space near the top of the market, some firms are trying to sublease what they don't need for as much as 30% less than their rental rate.

Flipping Sides

7/1/2009 9:16 AM

The number of former mortgage lenders and brokers finding ways to make a living from the foreclosure crisis continues to mount.

REITs Book a Blockbuster Quarter

7/1/2009 7:28 AM

Real-estate-investment trusts staged the best performance in their history during the second quarter on growing perceptions that most REITs are out of immediate danger.

Bumpy Recovery in the U.K.

7/1/2009 9:03 AM

Industry experts say the United Kingdom's commercial-property market is starting to recover, but property companies are facing declining rents.

Dubai Developer Talks Signal Mergers

6/26/2009 11:07 PM

Emaar, the Middle East's largest developer, is in talks to merge with three state-controlled property firms because of a sharp downturn in the emirate's property market.

Real Estate Journal:

Low rates could cut payment time in half

2/1/2009 3:01 AM

The Mortgage Bankers Association reported a large drop in mortgage applications last week, though the drop was driven heavily by a 48% drop in the interest rate sensitive refinance applications after mortgage rates broke their down trend the week before. Purchase applications fell 2.9%. Both the Mortgage Bankers Association and Freddie Mac report...Read More

New purchase applications up despite rate increase, trouble in refinances

1/23/2009 12:49 AM

The Mortgage Bankers Association reported a drop in refinance applications last week after Fixed Rate Mortgage (FRM) rates rose more than three-tenths of a percent and Freddie Mac’s Primary Mortgage Market Survey also showed an increase in rates, though only about half as large. The reports on Adjustable Rate Mortgage (ARM) rates were mixed....Read More

Record drop in home prices and consumer confidence at record low

12/30/2008 10:59 PM

S&P reported another big drop in its Case Shiller Home Price Index, which covers the top 20 metropolitan areas in the US and the Conference Board reported that US consumer confidence fell to a record low. 14 of the 20 cities indexed had annual declines of more than 10% from October 2007 to October [......Read More

Interest rates at 37-year low

12/28/2008 3:48 PM

Freddie Mac and the Mortgage Bankers Association are both reporting 30-year rates near 5% and 15-year Fixed Rate Mortgage (FRM) rates below 5% for a second week. Buyers have responded aggressively to the lower rates, with mortgage applications for home purchases up more than 10% last week. With prices dropping in both the existing home and [......Read More

Mortgage rates below 5%

12/18/2008 11:56 PM

The Mortgage Bankers Association and Freddie Mac both reported good news for those needing to refinance mortgages and those with resetting ARMs with the MBAA reporting an average 15-year Fixed Rate Mortgage (FRM) rate below 5% and Freddie Mac reporting a 1-year ARM rate below 5% and 15-year FRM rates below 5%. Even 30-year FRM [......Read More

Creative Financing: Help During the Housing Downturn

12/17/2008 8:52 PM

With home prices falling in many parts of the country, sales slower than normal in other parts and mortgage standards higher than any time since the late ’80s, buyers and sellers can both benefit from creative financing - owner finance, lease options, lesser known grant and loan programs, and more. Buyers stand to benefit [......Read More

Mortgage rates drop, housing news mixed this week

12/12/2008 12:54 AM

This week brought more muddled news for the housing market. Both Freddie Mac and the Mortgage Bankers Association reported drops in Fixed Rate Mortgage (FRM) rates and increases in Adjustable Rate Mortgage (ARM) rates this week. Last Friday, the Mortgage Bankers Assocation reported mortgage delinquency rates at an all time high, two days [......Read More

The best sign yet - Record jump in mortgage applications

12/5/2008 1:43 AM

The Mortgage Bankers Association reported a record weekly increase in mortgage applications as rates fell on long term Fixed Rate Mortgages (FRM) last week. Freddie Mac reported rates down for the week ending December 3, as well, though the rates were higher than the MBAA reported rates from the week ending November 28, possibly indicating [......Read More

Foreclosure freezes announced amid mixed housing news

11/20/2008 9:15 PM

The housing news this week has been a mixed bag, with good news on interest rates and a decline in new housing starts offset by a drop in new mortgage applications and with Freddie Mac and Fannie Mae following the lead of Citigroup, JP Morgan Chase and Bank of America in announcing a foreclosure freeze. Thursday [......Read More

Mortgage applications rebound, slowing economy brings rates down

11/14/2008 3:33 AM

Both the Mortgage Bankers Association and Freddie Mac reported a drop in Fixed Rate Mortgage (FRM) rates in their latest surveys, with Freddie Mac reporting an increase in 1-year Adjustable Rate Mortgage (ARM) rates and the Mortgage Bankers Association reporting a drop. The Mortgage Bankers Association also reported that new mortgage applications ...Read More