Dec 12
Lenders Urged to Improve Foreclosure Efforts The Obama administration urged banks to improve their service of the government’s anti-foreclosure efforts through the Making Home Affordable Program and to use federal funds more effectively in helping to save struggling home owners from foreclosure. The U.S. Treasury singled out CitiMortgage Inc., telling the bank it needed to …
Dec 11
5 Tech Upgrades for Your Marketing With more consumers seeking out listing photos or virtual tours, there are several technologies that could help real estate agents jazz up their marketing now — and in the future. Matterport’s $4,500 camera allows agents to take photos of a room and transform them into a 3-D rendering that …
Dec 10
The Closer to Campus, the Higher the Rent Multifamily properties near college campuses often can equate to higher returns, and investors haven’t overlooked this sector for steady profits. But how close do you have to be to the college campus to see the highest returns? CoStar evaluated multifamily data of 10 college campuses to …
Dec 09
A Look Back: Trending Real Estate Stories From 2013 Real estate had a big year in 2013 as the housing recovery strengthened, and the public showed an increasing appetite for real estate-related news. Realtor.com® created a “2013 Real Estate Review” Web page that highlights some of the site’s top trends, data, and stories of the …
Dec 06
Broomall PA Santa Claus Fire TruckTour 2013 Sunday, December 15th Starting at Noon All streets North of West Chester Pike. All streets in the borders of West Chester Pike, Springfield Rd & Lawrence Rd. Not including Lawrence Rd cul-de-sacs (Cyprus, Susses, Rose, Woodside) Tuesday, December 17th Starting at 5:15PM All streets in the borders of …
Dec 05
Study: Professional Photos of Listings Boosts Sales Professionally photographed homes tend to sell for more money and sell faster than homes listed with point-and-shoot cameras, according to a new study by the real estate brokerage Redfin. The study found that homes priced between $200,000 and $1 million sold for an average of $3,400 to $11,200 …
Dec 04
Falling New-Home Sales Spark Worry Dropping sales volumes in new-home construction has home builders worried about a possibly dismal spring looming in 2014. “There’s some nervousness about the spring selling season,” says Jody Kahn, a senior vice president at John Burns Real Estate Consulting. “That’s partly because they’re worried [that] the lack of urgency from …
Dec 03
Trouble Ahead on Home Equity Loans? Mortgage delinquencies are on the rise for home equity lines of credit that were taken out during the housing bubble, as well as others that are reaching the 10-year mark, Equifax data shows. In most cases, after these loans hit the 10-year mark, borrowers must start paying not …
Nov 25
Fears Brew Over Mortgage Fraud in Jumbo Loans The growing popularity of jumbo loans is increasing the potential for mortgage fraud with these high-priced loans, according to Interthinx in its latest mortgage fraud risk report. In recent months, jumbo rates, in some cases, have been lower than conforming rates, leading to them grow in …
Nov 22
Home Buyers Plan to Make a Move This Winter Home buyers who weren’t successful this summer at finding a home due to limited inventories and competition from all-cash offers are looking to retry their luck in the winter, according to realtor.com®’s Winter Home Buyer Report. “This summer and spring, home-buying season was particularly …
Nov 21
Home Remodeling Posts Strongest Growth in Years Home remodeling is posting a strong recovery as more home owners regain equity and look to spruce up their homes. “In the near term, homeowner spending on improvements is expected to see its strongest growth since the height of the housing boom,” says Kermit Baker, director of …
Nov 20
5 Lenders Boasting Highest Customer Satisfaction Customer satisfaction with mortgage lenders reached a seven-year high this year, according to J.D. Power’s 2013 U.S. Primary Mortgage Origination Satisfaction Study. The study measures customer satisfaction in four key areas: application/approval process, loan representative, closing, and contact. “As refinancing volumes are on the decline, consumers contemplating purchasing a …
