Carriers offering errors and omissions policies for contractors have begun to offer new plans for small contractors, with more affordable premiums and coverage designed to meet the needs of this market.
Seventy-four housing markets across the nation saw median home prices increase in the first quarter of 2012, the National Association of Realtors said in a report released Wednesday, which is slightly more than half of all the markets it surveys.
Fannie Mae reported a first quarter profit of $2.7 billion Wednesday, and will not require Treasury Department funds to balance its books for the first time since 2008, according to Business Week.
The long-awaited turnaround in the housing market may finally be underway, at least in the active adult segment, if data provided by Epcon Communities are any indication.
Bank of America announced it will be offering mortgage principal reduction to 200,000 underwater homeowners with loans owned or serviced by B of A this summer, according to CNBC.
Realty Times reports that fixed mortgage rates hit all-time lows across the board this week, as indicated by Freddie Mac’s Primary Mortgage Market Survey.
Data for April from the Trulia Price Monitor reveals that of the top 100 metro areas nationwide, Miami saw the greatest year-over-year jump in home prices at 16.1 percent.
Data through February 2012, released today by S&P Indices for its S&P/Case- Shiller Home Price Indices showed annual declines of 3.6 percent and 3.5 percent for the 10- and 20-city composites, respectively.
D.R. Horton reported a year-over-year earnings jump of 46 percent in the second quarter of 2012, posting totals of $40.6 million for the quarter, which comes to 13 cents a share, according to HousingWire.
