Archive for the ‘Foreclosures’ Category

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 »

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 »

What’s the life span of a house?

Friday, November 22nd, 2013

Concrete, brick,  copper, stone products can last a lifetime or a century. Major appliances may  conk out after just 10 to 15 years of normal use. Homebuyers should  consider remaining useful life of house components.   A house may survive for hundreds of years. But the individual components that  make up the house may — or…Read More »

Housing Trends

Tuesday, November 19th, 2013

Housing Trends • Time on market for non-distressed properties remained steady. •   The damaged REO share of distressed property sales increased in many areas. • After months of declines, investor participation increased slightly in September. Time on Market ‘Great, clean homes sell in less than two weeks. Homes priced too high linger and get…Read More »

More properties going to the auction block as judicial foreclosure states clear backlogs

Thursday, November 14th, 2013

Foreclosure backlogs continue to ease in states where courts handle the process as the number of properties headed to the auction block climbed for the 16th month in a row in October, according to the latest report from foreclosure data aggregator RealtyTrac. Overall U.S. foreclosure activity — filings of default notices, scheduled auctions and bank repossessions…Read More »

Home prices post strongest annual gain in nearly 8 years

Friday, November 8th, 2013

Home prices in most metropolitan areas grew significantly in the third quarter, with the national median price rising at its fastest annual clip in nearly eight years, according to the National Association of Realtors (NAR). During the same period, existing homes sold at the fastest annual rate recorded in more than six years, according to NAR’s latest…Read More »

Santa Barbara, Reno are top ‘Turnaround Towns’

Friday, November 1st, 2013

With median list prices up 44.3 percent in the third quarter from a year ago and inventory down 24.5 percent over the same period, Detroit, despite filing for bankruptcy in July, experienced the most significant housing recovery from July to September, according to’s third-quarter “Turnaround Towns” report. Detroit ranked No. 7 on’s second-quarter…Read More »

Claim energy efficiency tax credit for homeowners before it’s gone

Monday, September 16th, 2013

  The federal government wants to encourage homeowners to make their homes as energy efficient as possible. To do so, back in 2005 Congress enacted a tax credit for “nonbusiness energy property.” This was a tax credit (subject to a $500 lifetime cap) for certain energy efficiency improvements to a taxpayer’s existing principal residence. The…Read More »

2.5 million mortgage borrowers no longer underwater

Wednesday, September 11th, 2013

Miami has the highest percentage of underwater borrowers among metro areas. NEW YORK (CNNMoney) Thanks to a sharp increase in home prices last quarter, 2.5 million more mortgage borrowers no longer owe more on their homes than they are worth, according to CoreLogic. By the end of June, 7.1 million, or 14.5%, of mortgage borrowers…Read More »