Foreclosures Lower In 2011
February 9, 2012 by admin
Filed under foreclosures, Home Resales, Positive Real Estate
Homes in foreclosure decline by 130,000 homes in 2011 and it is thought to go lower this year.
Declining US Home Values Forecasted to Slow in 2012, Says Zillow
In the fourth quarter, the rate of homes foreclosed edged upward from eight out of every 10000 homes in November to 8.2 out of every 10000 in December. However, the rate was lower than at the end of the third quarter, when 8.6 out of every 10000 homes …
Mortgage deal could bring billions in relief
The settlement settles potential state charges about allegations of improper foreclosures based on “robosigning,” seizures made without proper paperwork. Most of the relief will go to those who owe far more than their homes are worth, known as being …
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A Bottom in Housing
November 24, 2011 by admin
Filed under Home Resales
Reasons we may be at Zero.
Image by Getty Images via @daylife
The National Association of Home Builders’ sentiment index jumped three points this month to 20, its highest reading in over a year. The Commerce Department reports building permits and construction of single-family homes rose in October. The Federal Reserve’s fourth-quarter loan survey showed a pickup in demand for mortgage loans.
As an example of perhaps a turnaround, the inventories of houses for sale fell 41% to 21,304 in October, compared to 35,732 at the same time a year ago for Greater Phoenix, according to the Cromford Report, a market research firm in Mesa, Ariz. While the # of housing units sold is rising—to 6,428 in October from 5,443 in same month a year ago.
Meanwhile the National Association of Realtors or NAR, said sales rose 1.4% in October from a month earlier and were running at a seasonally adjusted annual rate of 4.97 million units. That puts sales on track to beat last year’s level of 4.91 million units, which was the lowest level in 13 years.
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NAR says housing bumps up year over year
November 15, 2011 by admin
Filed under Home Resales
Image by Getty Images via @daylife
The National Association of Realtors (NAR) has reported that residential real estate sales showed positive gains in every U.S. state in the third quarter of 2011 when compared to last year (year over year).
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Existing-home sales Rocket Up 12.3% in December
January 21, 2011 by admin
Filed under Home Resales
- Image via Wikipedia
Existing-home sales in December showed signs the housing market is on track to recover in 2011. Buyers returned in the middle of winter and sales rose 12.3% to a seasonally adjusted annual rate of 5.28 million, from an upwardly revised 4.7 million in November.
According to the National Association of Realtors’ President Ron Phipps, buyers are responding to very good affordability conditions despite tight mortgage credit. “Historically low mortgage interest rates, stable home prices and pent-up demand are drawing homebuyers into the market.”
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Housing Market Boast Brilliant Numbers
August 4, 2010 by admin
Filed under Home Resales, Investors, Mortgages, Positive Real Estate, Real Estate Articles
- Image by Getty Images via @daylife
New home sales jumped 23.6% in June to an annual rate of 330k compared to market expectations for a somewhat smaller increase to a rate of 320k. Also, the S&P/Case-Shiller 20-city home price index increased 0.5% in May from April and 4.6% from May one year ago. This was the second monthly increase and the fourth year-over-year gain in home prices. 15 of the 20 metro areas tracked by this index showed monthly price gains.
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Miami-Dade Pending Home Sales Increase 40.5 Percent from a Year Ago
August 4, 2010 by admin
Filed under Florida, Home Resales, Mortgages, new homes, Pending Home Sales, Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
- Image by anonymonk via Flickr
Total pending home sales in the Miami-Dade County increased 40.5 percent in July 2010, when compared to the July 2009 numbers. This real estate includes single-family style homes and condominiums. Even though the tax credit, which helped boost the South Florida real estate market, expired, Miamia-Dade Couny has shown impressive signs as it continues to strengthen.
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NAR Supports the Growth of Small Businesses
August 2, 2010 by admin
Filed under Home Resales, Investors, Mortgages, NAR, Pending Home Sales, Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
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“As the leading advocate for private property rights, NAR believes it is critical for Congress to act soon and to get capital flowing to small businesses and to the commercial real estate market,” Jim Helsel, treasurer of the National Association of Realtors, told the House Committee on Financial Services. He explained that raising the SBA loan limits and allowing the SBA 504 loans to be used to refinance property can help ease the liquidity crisis in the commercial sector. He went on to articulate that the NAR strongly supports the H.R. 3380 because it is projected to raise the credit union member business lending cap from 12.25 percent to 25 percent of total assets. Small regional and community banks make up for close to half of the small business loans issued in the United States. Needless to say, available credit unions increase the credit accessible by small businesses.
Source: NAR
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Great Numbers Give Great Message
August 2, 2010 by admin
Filed under Home Resales, Mortgages, Pending Home Sales, Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
The 30-year fixed mortgage rate dropped to 4.54 percent, almost a full percent lower than the 5.25 percent of last year. Other positive signs prevail in the 15-year fixed rate which also hit a record low of 4 percent, smaller than the 4.69 percent from last year. Also, the five-year adjustable rate mortgage averaged 3.76 percent, better than the 4.75 percent from last year. To add, the one-year ARMs average 3.64 percent compared to 4.8 percent of last year.
Source: The Wall Street Journal, Nathan Becker (07/30/10)
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June Shows Strong Signs
August 2, 2010 by admin
Filed under Home Resales, Pending Home Sales, Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
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New homes have risen 24 percent during the month of June compared to that of May. “The future is going to be dependent on job growth.” says Eric Green, chief market economist at TD Securities Inc. in New York.
Source: Bloomberg, Courtney Schlisserman (07/26/2010)
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Breckenridge and Summit County Co Real Estate Shows Recovery
July 28, 2010 by admin
Filed under Home Resales, Pending Home Sales, Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
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From January through May 2010, the number of sales in Summit County real estate increased 20 percent, compared to the first five months of 2009. A Breckenridge ski-in, ski-out home sold in 2009 for a record $8.29 million. The most expensive residential Breckenridge land sold for $3.3 million in January 2010.
