Archive for December, 2013

Existing-home sales post first annual decline in more than 2 years

Friday, December 20th, 2013

Higher mortgage rates, constrained inventories and tight credit slowed the pace of existing-home sales for the third month in a row in November, producing the first annual decline in sales in more than two years, the National Association of Realtors (NAR) reported today. Existing-home sales dropped 4.3 percent from October to November, to a seasonally…Read More »

10 Things That Make a Home a Good Home

Monday, December 16th, 2013

Buyers spend a lot of time looking at properties online, touring homes on the Sunday open house circuit, and talking to their real estate agent. They’re laser-focused on finding the best home that meets their needs. The problem is, buyers sometimes don’t take the long view of a property. They’re only looking at a home…Read More »

December Housing News

Wednesday, December 11th, 2013

> Resilient Housing Market > Investor Participation Increases > New Website for REALTORS® > Reasons for Low Inventory  / December 2013 Housing Market Shows Continued Resilience The housing market remained strong in October amid a seasonal easing of traffic, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. The sales-to-list price ratio for non-distressed…Read More »

CoreLogic data to power Urban Institute’s housing finance research

Monday, December 9th, 2013

Real estate data and technology firm CoreLogic will help power the housing finance research conducted by Washington, D.C.-based think tank The Urban Institute through a strategic alliance announced today. The Urban Institute, a nonpartisan economic and social policy research organization, has recently formed the Housing Finance Policy Center, which is designed to provide evidence-based data and…Read More »

6 years later and we still can’t modify or refinance our mortgage

Saturday, December 7th, 2013

Your mortgage lender places you in a predatory loan and you ask for a simple loan modification to today’s rates. You pay your bills and have never defaulted on anything. Can you get the loan modification you’re seeking, or are you stuck? In part 1 of this series I outlined the situation that placed me…Read More »

New-home sales skyrocket in October

Thursday, December 5th, 2013

Purchases up 21.6 percent from year ago Sales of new single-family homes skyrocketed in October, ending a three-month slump that began in July and providing evidence that elevated mortgage rates have not seriously hobbled the housing recovery. New-home sales leaped 25.4 percent from September to October to a seasonally adjusted annual rate of 444,000, according to data…Read More »

Investors remain the dominant buyers of damaged REO properties.

Wednesday, December 4th, 2013

•   Non-distressed home prices remain well above the national average in California, the Northeast and Pacific Northwest. •   Investors remain the dominant buyers of damaged REO properties. •   Traffic continued to slow in the fall. Average Property Price Per Region “There’s a shortage of good inventory. Homes that are priced correctly and…Read More »

Pending sales down for fifth month in a row in October to lowest level since December

Tuesday, December 3rd, 2013

Pending home sales dipped for the fifth month in a row in October, falling 0.6 percent from September and 1.6 percent from a year ago to the lowest level since December, the National Association of Realtors said, saying the government shutdown was partly to blame. While the Northeast and Midwest saw modest gains, those were…Read More »