A former Charlotte, N.C., real estate professional pleaded guilty on Monday to stealing appliances from vacant homes. Sember Lynn Smathers, 49, may face up to five years in prison and a $250,000 fine on charges of conspiracy to steal government property. 

According to prosecutors, Smathers used a master key to access at least one vacant HUD

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Overall mortgage applications tumbled for the third consecutive week last week as rates rose to their highest level of the year. However, an indicator for future home sales is staying resilient against rising rates. 

Loan demand for purchase applications, viewed as a leading indicator of home sales, rose 2.4 percent for the week ending Aug.

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Fannie Mae recently released its rankings of top mortgage servicers, based on metrics such as customer service, performance outcomes, and foreclosure prevention efforts. 

“Our mortgage servicers’ efforts are critical to keeping people in their homes, preventing foreclosures and stabilizing communities,” says Leslie Peeler, senior vice presi

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An oversupply of student housing in college towns is prompting landlords nationwide to cut rents -- some by up to  6 percent -- as they worry about rising vacancies, The Wall Street Journal reports. 

Private-equity firms, real estate investment trusts, and private developers have been targeting off-campus accommodations since 2010, under a belief

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Homes on golf courses have traditionally been sought after, but buyers are no longer flocking to these homes as they once were. 

Due to lower demand, homes in golf communities reportedly are selling far below the peak prices of the 2000s and have yet to experience the same type of rebound as other areas of the market, Fiscal Times reports.

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Proposed revisions to the qualified residential mortgage rule announced today will help millions of people buy homes and strengthen the mortgage market, says NAR President Gary Thomas.

"The new standards, which align with those applied to Qualified Mortgages, are stringent enough to protect consumers from unscrupulous lending practices while

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REALTORS® are integral to successful communities, supporting causes large and small and volunteering their time to help improve the lives of people who call those communities home. The National Association of REALTORS® recognized 10 REALTORS® today as finalists for REALTOR® Magazine’s 2013 Good Neighbor Awards.

This year marks the 14th year the

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Fort Worth, Texas, is making headlines again for contractors who mistakenly demolished the wrong house — and the same thing happened to another home just one day prior. 

The city has stopped demolitions until it determines why two incorrect homes were bulldozed and how they can help the home owners affected by the mistaken demolitions. 

In

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If prospective home buyers don’t have a long credit report, mortgage lenders may be skeptical about their ability and willingness to repay their debt. But those with a thin credit profile may still be able to show their worth the risk by showing off their nontraditional credit. 

Credit.com recently said this can be shown in a number of ways

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More home buyers are saying that living near family members is not an important consideration for them when home-shopping. They’d rather concentrate on property size, crime rates, school district, and length of commute when shopping for a new home rather than focusing on the distance to their in-laws, according to a new survey by Trulia and

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Home owners continue to face hassles with mortgages, particularly from servicers who are “sloppy” about transferring paperwork when loans are sold, misapplying payments, and who occasionally cause home owners to pay their property taxes late, according to a new report by the Consumer Financial Protection Bureau. 

“Today’s report highlights bo

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The housing market is inching closer to what it once was: Home prices are now within 15.2 percent nationally from their peak, according to a new report by Lender Processing Services. 

The LPS price index rose in June to $229,000, up 6.9 percent from last year's levels. In June 2006, the peak was $270,000. 

However, two states — California and

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Home owners continue to face hassles with mortgages, particularly from servicers who are “sloppy” about transferring paperwork when loans are sold, misapplying payments, and who occasionally cause home owners to pay their property taxes late, according to a new report by the Consumer Financial Protection Bureau. 

“Today’s report highlights bo

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A recent study of real estate agents in Ontario, Canada, found that smoking can reduce a home’s resale value by 20 percent. The study was commissioned by Pfizer Canada, a pharmaceutical manufacturer.

Selling the home can pose quite the challenge too. Eighty-eight percent of the agents surveyed say that it’s more difficult to sell a home w

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Commercial real estate markets are seeing a decline in vacancy rates with modest rent growth, according to the National Association of REALTORS® quarterly commercial real estate forecast

“Office vacancies haven’t declined much because total jobs today are still below that of the pre-recession level in 2007, but rising international trade is boo

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Installing a fence isn’t cheap, but the cost of a real-life one made of shrubs and bushes can fly off the charts.

Traditional fencing for a 70-by-90-foot lot could run $3,000 to $5,000, depending on materials, reports HouseLogic. Privacy screening plants for the entire perimeter easily could cost double that, especially if you use a landscaper.

That’

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Shadow inventories posted the largest quarter-over-quarter decline since the housing crisis began, and dropped 23 percent year-over-year, according to Compass Point Research & Trading. 

Shadow inventories — homes at risk of default that have yet to hit the market — once posed a big threat to the housing recovery. At its peak in March 201

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Single-family new-home sales took an unexpected turn in July, dropping to its lowest level in nine months, the Commerce Department reports. Sales fell 13.4 percent to an annual rate of 394,000 units.

Economists blame the recent surge in mortgage rates. 

"The drop-off in sales in July is in part a reflection of buyers' reaction to the recent uptick

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The number of mortgage fraud cases dropped in 2012 — the first decline since the U.S. Treasury Department began tracking fraud in 2002. 

The department’s Financial Crimes Enforcement received 69,277 mortgage loan fraud suspicious activity reports in 2012, 25 percent fewer than in 2011. 

That majority of the suspicious activity with mortgages

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Disputes over $150 ceiling fans, curtains, or a dusty chandelier may seem trivial when negotiating a home sale, but some real estate professionals say such squabbles have actually cost them deals.

“It’s the real estate version of road rage,” Paula Del Nunzio of Brown Harris Stevens told The New York Times. 

What’s really at play here over these d

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The mayor of Egg Harbor Township, N.J., says he’s selling his waterfront home because he can no longer afford the hefty property taxes. 

Mayor James “Sonny” McCullough, 71, says he and his wife bought the land and built their home in 1985 for $360,000. Following last year’s re-assessment, however, the property was valued at about $1.1 milli

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Real estate brokerages and associations are warning their employees and members to be on the lookout for listing photos being used in phony rental property ads on the Internet.

In recent months, an increased number of real estate professionals have reported their listings being scraped and used for rental scams. Scammers are reposting the

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