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Home Buyers To Face Higher New Construction Prices In 2013
Buyers of new construction may find the 2013 housing market less friendly than the one of 2012. According to the National Association of Home Builders (NAHB), U.S. homebuilder confidence has climbed to...
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What Short Sales and Puppies Have in Common
It’s no secret that short sales come with a plethora of challenges, but like the challenges associated with raising a new puppy, they require patience and can be overcome. Puppies Require Patience I...
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Foreclosure Discounts: Better Deals in Virginia than U.S. National Average
Buying a foreclosed home can be a terrific way to get a “deal”. Foreclosed homes typically sell at steep discounts as compared to comparable homes not in foreclosure. In its latest quarterly report,...
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MBA : Rising Mortgage Rates In 2013 Will End The 4-Year Refi Boom
A number of high-profile prognosticators have said mortgage rates will rise 2013. For today’s home buyers and rate shoppers, their predictions may be a signal to “buy now”. The longer you wait, they...
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Housing’s Light At the End of the Tunnel: Rising Prices
Housing is one of the hardest hit sectors of the struggling economy, but as home prices continue to improve, economists are beginning to offer optimistic projections at these signs of life. Housing...
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Foreclosure Inventory Fell 19.5% in 2012
Marking more positive signs for housing, foreclosure inventory has fallen over the last year, which will alleviate part of what has made for a tough start to a housing recovery. Foreclosure inventory...
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Housing Begins to Slowly Recover, List of Improving Markets Grows
According to the NAHB, all 50 states are represented in the “Improving Markets Index” for the first time since its inception, pointing to housing beginning its slow recovery. Good news for housing...
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Foreclosure Prices Back From Bottom; Market Impact Lessened
Before the housing crisis, you see, a foreclosed home typically sold for about 12 or 13 percent below a similar ‘traditional’ sale. But the market collapse pushed prices down, and foreclosures were...
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Housing Initiatives and Changing Options for Homeowners
With housing initiatives from the government in peril at the hands of politicians, the future of options available to struggling homeowners may be changing. Frustrations with housing initiatives In a...
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Three Short Sale Trend Shifts in a Changing World
Short sale trends are rapidly changing, and homeowners and practitioners alike struggle to keep up, so here are the top three shifting trends to consider. Latest short sale trends Just like fashion...
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LENDING: Bank of America Most Griped About Bank, CEO Pay Rises
By Tara Steele of AGBeat As Bank of America is named as the bank with the most borrower complaints, their CEO sees a 70 percent increase in his pay in the last year – what is going on here? Bank…Read...
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Renovations Are Up in 2013
Home improvement projects are on the rise, with kitchens and baths still topping the popularity chart More than 100,000 people have spoken. And they say this will be the year renovations come back. The...
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[REFINANCE] The Benefits Of HARP 2 : No Appraisal Needed And 35% Monthly Savings
4 years since its launch date, the Home Affordable Refinance Program (HARP) is enjoying record-high popularity among U.S. homeowners. Government data shows that HARP refinances now account for more...
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U.S. Housing Market Recovering, Values Approach Pre-Crash Levels
The U.S. housing market turned in a strong first quarter. According to the Home Price Index, a monthly housing metric from the Federal Home Finance Agency (FHFA), U.S. property values climbed by close...
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Construction Spending Hits Four Year High, Led By Housing
As construction spending improves, particularly private residential spending, the talking heads are already out crying that improvements are flat and interest rates could topple the entire house of...
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The HARP 2.0 Program May Have Run Its Course; Housing Market Paves The Way...
Another 85,000 Home Affordable Refinance Program (HARP) mortgages closed in May, putting the 4-year-old program on pace to close more than 1 million loans this year for the second straight year....
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Are Short Sales a Gold Mine or a Rabbit Hole for Flipping?
Flipping short sales is being sold as an investor gold mine, but is it as easy as it sounds? Let’s discuss. Purchasing a Short Sale to Flip Here are three things that you need to be prepared for if...
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When You Sell Your Home With FHA Financing, Buyers Can “Assume” Your Mortgage...
As the U.S. housing market recovers from last decade’s downturn, today’s home buyers aren’t always flush with cash. For buyers with few funds for downpayment, loans via the Federal Housing...
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Foreclosures, Pending Sales, Even Prices: Good News All Around
Here’s a quick roundup of the last few days facts and figures — it looks like good news in general. Foreclosures and delinquencies are down. According to CoreLogic, the number of homes in the U.S. in...
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GOOD NEWS: 2.5 Million Homes Returned to Positive Equity in Q2
By Tara Steele of AGBeat According to CoreLogic, there is positive news in housing as millions of homeowners regain equity in their home, putting them back in the black. According to CoreLogic, 2.5...
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