Inventories Hover at Historic LowsInventories Hover at Historic Lows By Melissa Dittmann Tracey, REALTOR® Magazine Daily News Daily Real Estate News | Thursday, August 16, 2012 While buyer demand is picking up, many consumers increasingly are finding fewer choices in housing these days. The number of homes for sale continues to remain at record lows with the nationwide inventory [...]
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Closing costs are an easily overlooked,When shopping for a mortgage it’s easy to get tunnel vision, focusing only on the interest rate. Closing costs are an easily overlooked, but potentially very expensive part of buying a home. Shedding light on the subject is Bankrate’s annual look at closing costs and here to talk about that study is Holder Lewis, he’s [...]
Find closing-cost data from five to 10 lenders in all states and the District of Columbia.Bankrate.com researchers gathered closing-cost data from five to 10 lenders in all states and the District of Columbia. Click a state for a fee-by-fee breakdown of the average closing costs for a mortgage. For the last seven years, New York and Texas have had the highest mortgage fees, with closing costs hundreds of dollars more [...]
The Niche Report says, A housing recovery is underwayI found this from The Niche Report saying, “A housing recovery is underway!” (TheNicheReport.com) — 4/5/2012 — A housing recovery is underway, but it may not be taking place in your neighborhood. Regional real estate markets in the United States are behaving in very distinct fashions, and analysts are not finding enough uniformity to call [...]
Fed Sets Guidelines for Banks and REO RentalsI found this article on Friday, April 6th, 2012 | Posted by TheNicheReport magazine (Federal Reserve Board ) — 4/6/2012 — The Federal Reserve Board on Thursday released a policy statement reiterating that statutes and Federal Reserve regulations permit rental of residential properties acquired in foreclosure as part of an orderly disposition strategy. The statement [...]
Hispanics Projected to be Mega-Consumer in Housing MarketHispanics Projected to be Mega-Consumer in Housing Market Esther Cho for DSnews.com reported this interesting article… With Hispanics as the largest minority group in the U.S., mortgage industry professionals should also expect Latinos to be key players when it comes to America’s home buying future, according to the 2011 State of Hispanic Homeownership report released [...]
According to AP, 8 Banks to Be Fined for Wrongful ForeclosuresInteresting??? According to AP, 8 Banks to Be Fined for Wrongful Foreclosures The Federal Reserve announced it will fine eight more banks for allegedly improperly foreclosing on home owners. The financial institutions were not included in the recent $25 billion mortgage settlement involving the nation’s five largest banks. The eight companies are: EverBank, Goldman Sachs [...]
8 Metros Where List Prices Are on the Rise8 Metros Where List Prices Are on the Rise I found this in the Daily Real Estate News on Tuesday, March 20, 2012-worth reading. -Russell By Melissa Dittmann Tracey, REALTOR® Magazine Daily News A number of housing markets nationwide have been seeing modest increases in median list prices. In the last year alone, median national [...]
Wall Street betting on a Housing RecoveryOn Tuesday, March 20th, 2012, I found this article of interest posted by TheNicheReport magazine Wall Street betting on a Housing Recovery In the past six months, nearly every aspect of the economy has shown surprising strength, including auto sales, consumer confidence, weekly jobless claims, manufacturing, exports and retail sales. Now, some of the smartest [...]