Hey Guys, It's Josh Cantwell checking in. I hope you’re having a great Saturday! The snow has melted and we’re finally experiencing spring. The real estate market is HOT - this might be the strongest spring season I can remember. I’ve been able to sell 7 properties in the last 60 days and I’ve got many […]
The pace of home sales in December of last year beat the previous year by nearly 13%, according to the National Association of Realtors. That meant sales for the whole of 2012 were up nearly 10% over 2011, the best since 2007. The two factors having the biggest impact on the sales increases are continues […]
Mortgage rates are still at rock-bottom levels, and will stay there for the foreseeable future. The total number of foreclosures are down. Home prices and the number of new home sales are up. Is this glimmer of recovery in the housing market a signal of a larger housing boom about to happen? Barclays Capital is […]
With the end of 2012 approaching, negotiations regarding the so-called "fiscal cliff" have intensified in Washington. The fiscal cliff represents a series of spending cuts and closed tax loopholes that would save the government a significant amount of money each year, dramatically reducing the deficit over time and promoting a balanced budget for […]
October brought more encouraging news to the housing market, as the pace of home sales rose by over 2%, up 11% from last year. This despite the destruction from Hurricane Sandy. The actual number, 4.79 million, was higher than predicted. Lawrence Yun, chief economist for the National Association of Realtors commented that, “the market is […]
“The residential real estate market benefited from low interest rates, reduced mortgage defaults and a tighter supply of available homes.” The price of houses continued the slow climb upward in August, according to the much anticipated Standard & Poor’s/Case-Shiller Price Indices report. Single-family homes rose in 19 of 20 major cities during the summer (June, […]
According to the National Association of Realtors, the number of home resales fell by 5.4% last month, reaching the lowest rate in 8 months. But while the amount of homes sold was less, the price that homes did sell for went up. This shows that fewer people were forced to sell under distressed conditions. […]
Mortgage rates held steady once again, sitting at record lows. The 30-year fixed is at 3.66%), with the 15-year at 2.94% (both matching record lows previously set). These rates are helping keep home affordability in reach for many homebuyers or for those wanting to refinance. Experts don’t expect rates to go up anytime soon, […]
As of a couple of months ago, short sales accounted for nearly 15% of all home sales in the country. That number continues to grow as homeowners see short sales as a viable alternative to foreclosure. While foreclosures still make up ¼ of all home sales, that figure is down from the previous two years. […]
The latest numbers from Zillow’s Rent Index are out, and rentals are up across the country. The rent index rose 2% in February 2012 over 2011, while the Home Value Index fell by nearly 5%. In February, foreclosure sales accounted for 20% of all home sales. “The rental market remains especially strong in areas that […]
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This is good news for anyone who is looking to get into the rental property business. Zillow recently released their Zillow Rent Index which examines the home rental markets around the country. Despite falling home values, the median rent rate increased 3% from January 2011 to January 2012. That 3% number is much higher in […]
2011 was a bad year for home prices. As a matter of fact, it was the worst ever. As a real estate investor looking for bargain properties that can be scooped up, fixed, and either sold or rented - that has to music to your ears. There’s only one problem: Mortgage bankers have gotten a […]
Existing home sales are on pace to hit the weakest level in 13 years, if the first half of this year is any indication. Sales numbers fell again in June by .8%, following a weak Spring, according to the National Association of Realtors. The news has been the same for four out of the past […]
The national home price index from Clear Capital has officially entered double-dip territory. The company says data through the end of April has pushed its reading of national home prices 0.7 percent below the prior low recorded in March 2009, as markets have become saturated with bank-owned properties. Clear Capital’s report shows prices have fallen 11.5 […]
PMI Mortgage Insurance Co. is seeing signs of strengthening in markets the firm classifies as “distressed,” enough so that the private mortgage insurer is relaxing its requirements for loan-to-value (LTV) ratios and minimum credit scores. The California-based insurer issued a bulletin last week announcing that it is raising the LTV to 95 percent for both […]
Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it? That's $3,800 on a $100,000 home etc. When did this happen? It's in the health care bill. Just thought you should know. Sales tax to go into effect 2013 (Part of HC Bill) Why 2013? […]
Even though the signs may be weak, there are indicators that confidence is on the upswing among homeowners and the home buying public. Here's proof of a glimmer: Homebuilders’ pessimistic outlook improved slightly this month, but it remains dim amid falling home prices and a weak pace of construction. The National Association of Home Builders […]
There’s some encouraging news on the horizon for homeowners hoping to sell their homes via a short sale – in the form of a new bill being introduced into the U.S. House. The bipartisan Prompt Decision for Qualification of Short Sale Act of 2010 would impose a deadline on lenders to respond to short sale […]
For the second time in the last 12 weeks, rates for a 30-year fixed rate mortgage have tip-toed higher, now sitting at 4.35%. While yes, this is an increase, it doesn’t necessarily signal an upturn in the overall housing situation. In fact, home sales remain sluggish, and it’s not because of mortgage rates. The historically […]
Is this truly a good sign or just a diversion from what’s really going on? It’s good news, and for now I think we have to take what we can get. The National Association of Realtors reported last week that pending home sales have actually risen 5.2% over last month’s numbers. This number reflects contracts, […]
We’ve hit another record, and not a good one. In July, sales of existing homes plunged to the lowest levels in 15 years, despite super low mortgage rates and bargain home prices. In July, sales fell by more than 27%, marking the largest monthly drop since 1968. Of course, fears in the housing market magnified […]
We’ve all heard the news about the slowdown in housing sales for the month of July and most feel it’s a bad thing. Me... I just don’t get it. The same people who told us for years that things were great during the housing boom, when prices where completely out of sync with rents and […]
This information is pretty amazing, take a look at what's going on with mortgage rates! Mortgage rate levels dropped again last week, pushed down by the weak economy and the Federal Reserve’s decision to purchase government debt. The average rate for a 30-year fixed loan is now sitting at 4.44%, down from 4.49% last week. […]
Follow me on Facebook and on Twitter! Hey everyone, are you capitalizing on your “power time” each day? Everyone’s power time may be different, but it’s basically the block of time where you’re at your most productive, your most alert. Make sure that you’re taking advantage of that burst and doing the things that need […]
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** Have you registered for the SREC Foreclosure Academy yet? Join us May 14-16 in Dallas, TX to learn how you can “Conquer the Crash” and take advantage of the massive opportunity for real estate investors. For details and to register, visit www.srecforeclosureacademy.com. ** Stay tuned for an exciting announcement coming TOMORROW about a traffic […]
Stall in housing market threatens economy Fed ending program that has held mortgage rates down may also hurt From: MSNBC.com - By Alan Zibel WASHINGTON - The recovery in the housing market is at risk of collapsing. Home sales are sliding, prices are stalling and foreclosures are rising. And mortgage rates are likely to go […]
Bank of America to Start Reducing Principal on "Underwater" Mortgages By Ieva M. Augstumms, The Huffington Post CHARLOTTE, N.C. — Bank of America Corp. is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure. The bank, the largest mortgage servicer in the country, said Wednesday it will forgive up to […]
Selling Home In 2010 Requires A Strategic Plan Of Action STILL A BUYERS MARKET February 28, 2010|By KATE FORGACH Home sales, value and mortgage applications have risen slightly as mortgage rates stand at a historic low. This glimmer of positive news is offset by estimates that about 48 percent of all U.S. mortgages will be […]
By ELSA BRENNER NEVER in all his 17 years selling real estate has Mark Seiden gone through as many boxes of tissues as he has in the past 12 months. It’s not he who is crying, but some of his customers — as they come to grips with the reality that their houses are worth […]
New Home Sales Plunge By SARA MURRAY Sales of new single-family homes plunged last month, underscoring the fragility in the housing market. Sales dropped 11.2% in January from a month earlier to a seasonally adjusted annual rate of 309,000, the Commerce Department said Wednesday. The decline brought sales to their lowest level since the government […]
Editor's Note: Why is everything "unexpected"??? By Bob Willis Feb. 24 (Bloomberg) -- Sales of new homes in the U.S. unexpectedly fell in January to the lowest level on record, a sign that an extension of a government tax credit may not be enough to rekindle demand. Purchases declined 11 percent to an annual pace […]
“I saw this video the other day and it just proves to me that politicians are not the answer to finding a solution to the housing market troubles.” The Daily Show With Jon Stewart Mon - Thurs 11p / 10c Home Crisis Investigation www.thedailyshow.com Daily Show Full Episodes Political Humor Healthcare Protests “Here are some […]
8/5/2009 2:17 PM By Stephanie Armour, USA TODAY http://m.usatoday.com/home/614019/full/;jsessionid=FF66A4C5571B70CBBCE6F823B6D8FCD9.wap1 Home sellers frustrated as short-sale deals collapse Scores of homeowners who thought they'd cut a deal with their banks to sell their houses for less than their unpaid mortgages are seeing those agreements fall apart months later, contributing to the mounting foreclosures that threaten the housing […]
