2013 has seen the international luxury real estate market soar, and it continues to sizzle thanks to its immunity to the economic and political issues that have a bigger impact on the general housing market. According to a report from Christie's International Real Estate and...
According to Challenger, Gray & Christmas, Inc., a nationwide outplacement firm, previous underwater homeowners could relocate in an effort to find jobs. The firm says that 2013 could see a massive relocation surge because so many homeowners are finally able to list their homes for...
If you’re looking to purchase a home, you have likely noticed that inventory levels are tight everywhere. This has left many interested buyers scrambling in competitive markets, and because it’s a seller’s market, prices are on the rise. In an effort to stand out from...
If you ask experts at Fannie Mae and the National Association of Home Builders, 2013 is bound to be a great year for the mulitfamily housing sector. They are basing their assertion on already low vacancy rates and higher rents, and both groups believe that...
As 2012 drew to a close, the real estate market heated up in a way that hadn’t been seen in years. In fact, Trulia conducted a survey last summer where they asked local residents how they thought home prices might rise in the area. In...
According to a recent report by Capital Economics, homeowners with negative equity have been helped by rising home prices. Economists are hopeful that negative equity will continue to shrink in the coming months, assisting those who are underwater in their homes. The report states, “The negative...
The National Association of Realtors® recently reported that existing home sales rose to a seasonally adjusted rate of 4.79 million in October, and that sales were up 10.9% year-over-year. Additionally, thanks to strong demand from interested buyers, the median home price nationwide increased to $178,600...
The Federal Housing Finance Agency (FHFA) recently reported that in August 2012, close to 99,000 home owners utilized the HARP program (or Home Affordable Refinance Program) to refinance their mortgages. FHFA says part of HARP’s attraction is record-low mortgage rates and program enhancements that included...
With the end of the fiscal year on September 30th, VA loans--those that are backed by the Department of Veteran Affairs--rose more than 50%. VA loans have risen in popularity with current and former military members because of tighter credit standards on conventional financing and...
Five of the country’s largest mortgage servicers were given 180 days to implement the 320 servicing standards that were handed down by the U.S. Department of Justice and 49 state attorneys general. The settlement addresses issues like borrower communication, training for loss mitigation staff, foreclosure...