More Homeowners Choose to Default on Home Loans “Strategic defaults” are on the rise as more borrowers who are underwater on their home loans decide it’s not worth it to stay current on their payments each month. That trend could have repercussions for the housing market, and for borrowers, in the future. Strategic defaults are […]
Fewer Homeowners Falling Delinquent
Fewer Homeowners Falling Delinquent A report published by Lender Processing Services (LPS) analyzing homeowner’s performance on their mortgages as of March 2010 shows that, while foreclosure and mortgage delinquency rates are still near record levels, the pace may be slowing with fewer new loans becoming delinquent and an increase in the number of people bringing […]
Preparing Your Home for Sale
Preparing Your Home for Sale In today’s tough real estate housing market, there are things you absolutely must do in order to prepare your home for sale. Don’t put your for sale sign out (or sign a listing agreement) until you have done these things. General Items: First and foremost, don’t price your home out […]
1st Time Home Buyer and Home Seller Survey
1st Time Home Buyer and Home Seller Survey An recent independent survey of first-time home buyers and sellers revealed that more than 80 percent feel the current housing market is more affordable today than it was this time last year, despite the fact that 40 percent of all respondents are more worried about the economy […]
More Evidence of a Bottom in Housing
More Evidence of a Bottom in Housing According to recently released data, U.S. housing starts have risen 30% from their all-time low in April '09. In addition, building permits increased 38% over the same period. And not surprisingly, the Bloomberg index of home builders' stocks bottomed last July and has since risen over 50%. The […]
Federal Home Buying Support Still Wanted
Federal Home Buying Support Still Wanted According to a new poll by the National Association of Home Builders (NAHB), Americans remain strongly committed to federal support for home buyers. Roughly 68 percent of those polled said the government should continue to support housing, and 65 percent believe the government should be doing more to keep […]
The Government Wants out of the Housing Market
The Government Wants out of the Housing Market The US federal government is looking to get out of the housing market whether we are prepared for it or not. Actually, the scheduled date of the fed pull out has been narrowed down to be within a few months time. By this happening there will be […]
Real Estate – Are Things Looking Up in 2010?
Real Estate – Are Things Looking Up in 2010? Reviews are mixed, opinions vary. What will 2010 hold in store for the real estate markets, compared to 2009? Here is a Fox News special report on this subject… Have your own opinion on Real Estate in 2010? We’d love to hear from you. Just use […]
New Home Construction Cooled by Winter Weather
New Home Construction Cooled by Winter Weather Ice storms in the Midwest, blizzards in the nation’s capitol and northeast, and a wet El Nino weather pattern out west has brought some wild winter weather across the United States. This arctic chill explains why building construction has been falling this winter. According to the Commerce Department, […]
Home Price Reductions Drop Again
Home Price Reductions Drop Again According to a report released by Trulia.com, 21 percent of the homes for sale as of January 1, 2010 have experienced at least one price cut. This makes the second consecutive month that price reduction levels have decreased and the lowest level since Trulia started tracking price reductions in April […]