Short Sale Rush Is On… Housing experts are predicting a drastic rise in short sale of homes, with an all-time high expected to be reached this year. The number of short sale on homes has already risen 25 percent during the first quarter year-over-year, according to RealtyTrac data. Banks are realizing that short sale of …
Category: Real Estate Tips
Aug 01
Home Ownership Rates Are Highest…
Home Ownership Rates Are Highest… The national home ownership rate has held mostly steady this year, standing at 65.5 percent for the second quarter, according to recent U.S. Census Bureau data. The rate is 0.4 percentage points lower than the second quarter of 2011, but 0.1 percentage point higher than the first quarter of this …
Jul 31
Set the Stage Early for Multiple Offers on your home
Set the Stage Early for Multiple Offers on your home. Bidding wars on homes are an indicator of a rebounding market, but they also can become a stress-or for agents that have not had to juggle multiple offers in many years. They will find it easier to manage this kind of buying and selling …
Jul 31
Eminent Domain to Seize Mortgages?
Eminent Domain to Seize Mortgages? Chicago is the latest city to join a growing list of cities and counties across the country that are considering using Eminent Domain in order to seize underwater mortgages. The controversial idea of using Eminent Domain first surfaced in San Bernardino County, Calif. A west coast capital firm, Mortgage Resolution Partners, is …
Jul 30
How to Get More Accurate Home Appraisals
How to Get More Accurate Home Appraisals. Low Home Appraisals have been blamed on delaying—or even canceling—many real estate transactions over the last few years. While real estate professionals are limited in how much involvement they can have in the Home Appraisals process, they can do a few important things to help ensure their sellers receive a …
Jul 30
Home Owners Torn on mortgage obligations: Right or Wrong?
Home Owners Torn on mortgage obligations: Right or Wrong? Forty-five percent of Nevada home owners recently surveyed say “there is nothing wrong” with walking away on your mortgage obligations, according to a new report, “Face of Foreclosure,” released by the Nevada Association of REALTORS®. On the other hand, an equal number of home owners say …
Jul 26
Smart Homes Not in Sight for 2020
Smart Homes Not in Sight for 2020. Technology may seem to be rushing forward, but it isn’t ready to make all our homes, smart homes. That’s the view of the Pew Internet & American Life Project, which collaborated with Elon University in North Carolina recently to assess the state of Smart Homes in America. Lee Rainie, …
Jul 26
4 Home Showing Tips in the Hot Weather
4 Home Showing Tips in the Hot Weather. Sizzling 100 degree temperatures have been blanketing the country in recent weeks, but some potential buyers may be more reluctant to go house shopping in the heat. How can you still draw the buyers out? “Even though buyers have air conditioning in their cars, you have to …
Jul 24
Older Adults at Higher Risk for Foreclosure
Older Adults at Higher Risk for Foreclosure. More than 1.5 million older adults have lost their homes to foreclosure and millions more are at risk, according to a new AARP report. The risk appears to be greatest among Americans 75 years and older, as well as minority home owners. About one in 30 adults 75 …
Jul 24
Commercial real estate continues to Lead Rebound
Commercial real estate continues to Lead Rebound. Two recent reports highlight the strength of the commercial market. Morningstar reports that commercial real estate is much stronger than housing as evidenced by real estate funds, which have recorded an average annualized return of 33 percent over the past three years. Through June, real estate funds have …
Jul 20
New Home Building at Highest Levels
New Home Building at Highest Level in 3 Years. The New Home Building industry continues to dig out of its slump as the pace of construction posts big jumps for single-family and multifamily houses. Builders had a level of starts in June not seen since October 2008, the Commerce Department reported Wednesday. New Home Building starts in …
Jul 20
Luxury Homes Linger Longer
Luxury Homes Linger Longer Than Lower-Priced Houses. While the market for lower-priced and entry-level homes is showing signs of momentum, the Luxury Homes market seems to be stagnant. The average days on the market for Luxury Homes — houses selling for more than half a million dollars — is 186 days, according to the Institute for Luxury Homes …
