Prospective homebuyers hoping to buy a home in the next four months say the lack of inventory is their biggest challenge, but many believe winter is a good time to buy because sellers are motivated to sell and more willing to negotiate. That’s according to a survey of more than 1,300 visitors to realtor.com…Read More »
Archive for the ‘Real Estate News’ Category
Despite inventory shortages, homebuyers looking for bargains this winter
Thursday, November 21st, 2013
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 »
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 »
Quicken Loans beats big mortgage lenders on customer satisfaction
Friday, November 15th, 2013
Quicken Loans beat out a number of big banks on customer satisfaction to land the top spot on the J.D. Power 2013 U.S. Primary Mortgage Origination Satisfaction Study, which also found that the use of electronic closing documents improved customer satisfaction with that part of the process. On average, mortage lenders scored 771 on a…Read More »
Quicken Loans beat out a number of big banks on customer satisfaction to land the top spot on the J.D. Power 2013 U.S. Primary Mortgage Origination Satisfaction Study, which also found that the use of electronic closing documents improved customer satisfaction with that part of the process. On average, mortage lenders scored 771 on a…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 »
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 »
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 realtor.com’s third-quarter “Turnaround Towns” report. Detroit ranked No. 7 on realtor.com’s second-quarter…Read More »
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 realtor.com’s third-quarter “Turnaround Towns” report. Detroit ranked No. 7 on realtor.com’s second-quarter…Read More »
14 Things to Consider Before Buying a Home
Monday, October 21st, 2013
When you’re buying a home, it’s easy to let emotions get in the way of reality. “Sometimes we want something so badly, we’re not willing to ask all the questions we should,” says Leslie Levine, author of “Will This Place Ever Feel Like Home?” To make sure your dream home isn’t a mirage, follow these…Read More »
When you’re buying a home, it’s easy to let emotions get in the way of reality. “Sometimes we want something so badly, we’re not willing to ask all the questions we should,” says Leslie Levine, author of “Will This Place Ever Feel Like Home?” To make sure your dream home isn’t a mirage, follow these…Read More »
Government shutdown won’t shut down FHA
Tuesday, October 1st, 2013
Despite reports to the contrary, the Federal Housing Administration will not stop processing loan applications in the event of a government shutdown at midnight tonight. In what appears to be a reversal of an earlier position stated last week, the U.S. Department of Housing and Urban Development (HUD)’s Office of Single Family Housing will continue…Read More »
Despite reports to the contrary, the Federal Housing Administration will not stop processing loan applications in the event of a government shutdown at midnight tonight. In what appears to be a reversal of an earlier position stated last week, the U.S. Department of Housing and Urban Development (HUD)’s Office of Single Family Housing will continue…Read More »
Mortgage fraud risk declines, but more dollars at stake
Sunday, September 29th, 2013
Although the risk of mortgage fraud is declining, an increase in mortgage applications due to the rebounding housing market means more dollars are at stake for lenders, according to a quarterly report from real estate information and technology firm CoreLogic. Fraud risk among U.S. mortgage applications fell 5.6 percent year over year in the second…Read More »
Although the risk of mortgage fraud is declining, an increase in mortgage applications due to the rebounding housing market means more dollars are at stake for lenders, according to a quarterly report from real estate information and technology firm CoreLogic. Fraud risk among U.S. mortgage applications fell 5.6 percent year over year in the second…Read More »
Cash sales’ share of total purchases skyrockets by nearly a third in 2 months
Thursday, September 26th, 2013
All-cash home sales skyrocketed during the summer of 2013, with their share of total sales growing by close to a third from June to August amid sustained appetite from investors, a recent spike in interest rates and tight inventory. Cash purchases’ share of total sales leaped to 45 percent in August from 39 percent in…Read More »
All-cash home sales skyrocketed during the summer of 2013, with their share of total sales growing by close to a third from June to August amid sustained appetite from investors, a recent spike in interest rates and tight inventory. Cash purchases’ share of total sales leaped to 45 percent in August from 39 percent in…Read More »
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