Some home sellers these days are finding ways to get more creative with financing… Questions or comments? We’d love to hear from you. Just chime in by clicking the “comment” link below.
Existing-Home Sales Fall Again
Existing-home sales, or completed residential real estate transactions for properties including single-family homes, townhouses, condos and co-ops, showed a renewed decline last month. February’s number of existing-home sales dropped 9.6% to 4.88 million when compared to 5.4 million in January. Sales were down 2.8% year-over-year as well, from 5.02 million sales in February of 2010. […]
Real Estate News – April 2011
In this Issue:* 6 Tips For Buying a Home in a Down Market The Real Value of Home MaintenanceBuying a Home? Don’t Be Too Picky (Please leave us a comment at the bottom of the newsletter.) 6 Tips For Buying a Home In a Down Market Prospective buyers have an edge in a down […]
Selling a Home in a Foreclosure Market
If you absolutely, positively don’t have to sell in this market, then don’t, but if you must, whether now or five months from now, take the plunge now. The slowdown in foreclosure activity could mean somewhat less competition. But even more critical, there is the boomerang effect to take into account. The number of foreclosures […]
High End Homes Selling Quicker
While home sales across much of the country have languished in recent months, struggling to pick up speed, a recent report says homes on the higher end of the market are selling with renewed vigor. According to DataQuick Information Systems, the number of home sales worth more than $1 million increased in each of the […]
Mortgages Could Be Getting More Expensive
Remember the days when buyers could qualify for a mortgage loan by putting down 3 percent? How about the days when mortgage lenders passed out no-downpayment loans? Mortgage loan financing has changed dramatically since then. Today, the majority of traditional mortgage lenders are requiring that future homeowners come up with a down payment of 20 […]
Why 2011 May Be the End of the Housing Crash
Simon Constable explains to Kelsey Hubbard how rising affordability of housing will be a key to a turnaround. Plus how to invest in housing without buying a home. Any thoughts or questions on this video? Use the comment link below to sound off. We’d love to hear from you.
5 Tips for Choosing Homeowners’ Insurance
Finding the right homeowner’s insurance is a tough job. Here are some basic tips to make choosing homeowners’ insurance an easier task: Get past the advertising fluff. When selling your home and buying a new one, your mailbox can fill with solicitations—and one of the front-line offenders are homeowners’ insurance companies. Our quick scan of […]
What the Housing Market Is Signaling Now
Home prices in most major metropolitan areas are starting to stabilize. A report from the National Association of Realtors (NAR) showed that 78 markets in the U.S. experienced price gains in the fourth quarter of 2010 over the previous year. Existing-home sales were up as well, rising 15.4% to an annual rate of 4.8 million […]
Are 30% Down Mortgages In Our Future?
The top mortgage lender in the country, Wells Fargo, has called for borrowers to come up with 30% down if they want to avoid higher mortgage rates and more restrictive lending tied to the “risk retention” requirements related to the Dodd‐Frank Wall Street Reform and Consumer Protection Act of 2010. Essentially, the government wants to […]
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