Today Freddie Mac released the results of its Primary Mortgage Market Survey,showing average mortgage rates have dropped to new all-time record lows! [...]
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 | Have you ever thought about the similarities between houses and the human body? For example as our bodies age,things are not quite as straight,square and firm as they once were in our younger years. At one time I had a 44 inch chest and now with age it seems that chest dimension is closer to my waist line. In most cases,this aging in homes translates into floors not being totally level and windows and doors being skewed slightly or not latching. While this may create slight operational issues these conditions are quite common in older homes,some more so than others depending on the age,floor plan,design etc. While one could,in theory go through and re-level the floors,in my opinion in most cases this would be an unnecessary expense and cause additional problems. Quite frankly many look at these conditions as part of the “character” and “charm” of an older home. [...] Realtor.com,which claims to have more traffic on it’s website than any other real estate website in the world,released their report for December showing how 146 metro areas in the U.S. stack up in terms of popularity for home searches. Chicago was number 1 on the list again this month,followed by Detroit,MI,and Los-Angeles-Long Beach,CA. [...] What income is required to qualify for a mortgage? That largely depends on your monthly debt payments and the current interest rate. This calculator collects these important variables and determines your required income to qualify for your desired mortgage amount.(click here)
Mortgage interest rates have fallen this [...] The National Association of Realtors’research staff recently released its comprehensive annual report:Profile of Home Buyers and Sellers for 2011. Market researcher,Paul C. Bishop,Ph. D.,Vice President and Jessica Lautz,Manager of Consumer Survey Research state that they’ve identified “trends that have not been seen in the last 10 years,”which will affect the housing market as we enter 2012. [...] The National Association of REALTORS Pending Home Sales Index for October shows an increase of 10.4 percent in the index from the month before (seasonally adjusted),and a 9.2 percent increase from a year ago. This is the first time in four months that the index has increased and marks the highest level the index has achieved since April 2010 when it was at 110.9. [...] According to a new report from Trulia,its Metro Movers Report,59 percent of the properties searched online by homebuyers are outside of their current metro area. My first thought would be there are a lot of people relocating to other states,however the report shows that most of these searches being done are in neighboring areas. [...] The Fannie Mae National Housing Survey for September shows consumers in the U.S. remain someone pessimistic about home prices,however over two-thirds (68 percent) of American’s surveyed said they thought now was a good time to buy a home and 63 percent said if they were going to move now they would buy a home. [...] The economy is delaying baby boomers’plans to sell their homes,according to a survey just released by Coldwell Banker Real Estate. This doesn’t mean boomers aren’t in the market though….in fact,according to the survey,the desire to purchase and own a home,or more than one home,“remains strong….especially so in the the investment market segment. ”[...] As far as I’m concerned,the Internet is one of the greatest inventions of all time,and ranks right up there with flush toilets,sliced bread and basketball! For real estate investors,the Internet is the single best property due diligence research tool available. Especially for investors who are located in counties where property tax rolls are online. [...] The National Association of REALTORS Pending Home Sales Index for August shows a decrease of 1.2 percent in the index from the month before (seasonally adjusted),and a 7.7 percent increase from a year ago. This is the second consecutive month the index has decreased from the month before and,while the year over year numbers are still better,this month’s year over year increase was only half of what last months was. [...] Las Vegas,Nevada is the best place in America to buy at rental property at this time according to the newly released “HomeVestors-Local Market Monitor Best Markets to Invest in Rental Property”report. According to the report,approximately 14 percent of the single family homes in the U.S. are being operated as rental properties. [...] It’s a buyer’s market so you would think home buyers are happy,right? Well,not as happy as sellers are,at least in terms of their satisfaction with real estate companies according to a study conducted by J.D. Power and Associates. The study,which is in it’s fourth year of measuring the customer satisfaction of [...] Typically from early spring until late summer is a busy season for the real estate market with increased home sales as people try to make their move without fighting winter and in time to have their kids in place before the new school year. Now,thanks to a report by Intersections,Inc.,a company that [...] What do gas prices have to do with real estate? Plenty,according to a new survey by Coldwell Banker among it’s network of real estate agents. According to the survey,75 percent said that the recent spike in gas prices has influenced their clients’decisions on where to live,and 93 percent said if gas [...] Today’s existing home sales report from the National Association of REALTORS® shows existing home sales in February were at at a seasonally adjusted-annual rate of 4.88 million units which is a decrease of 9.6 percent from January and is a decrease of 2.8 percent from a year ago. [...] Today,the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for January 2011 showing a decrease of 12.6 percent from the month before,and a decrease of 18.6 percent from a year ago. The seasonally-adjusted new home sales rate for January was 284,000 homes. The supply of [...] Today’s existing home sales report from the National Association of REALTORS® shows existing home sales in January were at at a seasonally adjusted-annual rate of 5.36 million units which is an increase of 2.7 percent from December and is an increase of 5.3 percent from a year ago. [...] Today,the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for December 2010 showing an increase of 17.5 percent from the month before,but a decrease of 7.6 percent from a year ago. The seasonally-adjusted new home sales rate for December was 329,000 homes,a 17.5 percent [...] Today’s existing home sales report from the National Association of REALTORS(R) shows existing home sales in December were at at a seasonally adjusted-annual rate of 5.28 million units which is an increase of 12.3 percent from November and is a decline of 2.9 percent from a year ago. Preliminary numbers for 2010 show 4,908,000 existing [...] You finally reach a deal with a buyer to sell your house,or strike a deal with the seller of your dream home,only to see the deal fall apart later when the house doesn’t appraise for the price that has been agreed upon…what are you to do? This is a plight that has become [...] Today’s existing home sales report from theNational Association of REALTORS(R) shows existing home sales in November were at at a seasonally adjusted-annual rate of 4.68 million units which is an increase of 5.6 percent from October and is a decline of 27.9 percent from a year ago. [...] Ah,it is so much fun to be able to write something positive about the real estate market! According to an economic outlook report just issued by Fannie Mae,our country’s economy should “kick into higher gear”by the second quarter of 2011. This positive outlook is the result of improvements in consumer spending,consumer [...] According to a report released by RealtyTrac,foreclosure homes accounted for 25 percent of all U.S. residential sales in the third quarter of 2010 and that the average sales price of properties that sold while in some stage of foreclosure was more than 32 percent below the average sales price of properties not in [...] Today’s existing home sales report from theNational Association of REALTORS(R) shows existing home sales in October were at at a seasonally adjusted-annual rate of 4.43 million units which is a decrease of 2.2 percent from September and is a decline of 25.9 percent from a year ago. [...] Dennis Norman Today’s existing home sales report from theNational Association of REALTORS(R) shows existing home sales in September were at at a seasonally adjusted-annual rate of 4.53 million units which is an increase of 10.0 percent from August but is a a decline of 19.1 percent from a year ago. [...] Dennis Norman If there is a silver lining to the lousy real estate market we’ve witnessed over the past 3 years,maybe this is it….housing affordability! According to the Beacon Economics Home Affordability Index,homes selling in August were at their most affordable level sinde data became available over 40 years ago (1969). The [...] Dennis Norman Fannie Mae is offering 3.5 percent in closing cost assistance and a $1,500 bonus to buyers’real estate agent or broker for people purchasing a Fannie Mae-owned HomePath® property. Fannie Mae is trying to entice buyers to buy one of their [...] | ||||
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