Fed Renews Vow to Keep Interest Rates Low. The Fed voted this week to continue its near-zero interest rates policy for the next quarter and likely much longer. The move will keep mortgage interest rates low in the coming months, if not years. In recent weeks, mortgage interest rates have hovered around record lows, which …
Tag: tips
Apr 26
5 Ways to Sell a Home Faster, For More Money
5 Ways to Sell a Home Faster, For More Money. 24/7 Wall St. recently asked real estate experts and several real estate organizations to weigh in on how sellers can get their house sold at the best price and in the shortest amount of time. Here’s what they had to say as the best 5 Ways …
Apr 25
More Single Family Homes Turned Into Rentals
More Single Family Homes Turned Into Rentals. As the number of for-sale homes listed on the multiple listing service (MLS) drops, the number of single family homes up for rent has been gradually increasing, RISMedia reports. Single family home rentals are a growing business, as more investors buy up foreclosures at bargain prices and then …
Apr 23
Having A Good School Nearby Improves Home Values
Having A Good School Nearby Improves Home Values. Living near a high-scoring public school district can raise home values $205,000 higher compared to homes located in neighborhoods with low-scoring school districts, according to a new study by Brookings Institution. Brookings analyzed the nation’s 100 largest metro areas to find the differences between living near a …
Apr 20
Short Sales Start to Outpace Foreclosures
Short Sales Start to Outpace Foreclosures. Banks are agreeing to more short sales, and for the first time, short sale transactions are exceeding foreclosure deals, according to the most recent housing data from Lender Processing Services (LPS) Inc. In January, short sales made up 23.9 percent of home purchases, according to LPS. Meanwhile, foreclosures made …
Apr 18
Foreclosure Scams Rise Nearly 60%
Foreclosure Scams Rise Nearly 60% Mortgage foreclosure scams — which seek to dupe struggling home owners with offers to save them from financial troubles — have soared nearly 60 percent this year. Scammers are increasingly using federal programs, like refinance programs such as HARP and HAMP, to try to trick home owners, reports the Homeownership …
Apr 16
15-Year Mortgage Rates Dive to Lowest on Record
15-Year Mortgage Rates Dive to Lowest on Record The 15-year fixed-rate mortgage, often the top choice of home refinancers, reached a new all-time record low of 3.11 percent this week, Freddie Mac reports in this week’s mortgage market survey. The 30-year fixed-rate mortgage also sank lower this week, hovering near it’s all-time low. “Fixed mortgage …
Apr 13
What to Do When a Home Lingers on the Market
What to Do When a Home Lingers on the Market. While the supply of homes has decreased from a 8.6-month supply to a 6.4-month supply in the last year, some home owners are still seeing their home linger on the market. When you can’t get a serious bite from a buyer, here are three interventions …
Apr 12
Buyer Urgency Improves, More See Now Good Time to Buy
Buyer Urgency Improves, More See Now Good Time to Buy More home buyers may jump off the sidelines this spring as they get more urgent about purchasing a home, fearing that home price and mortgage rate increases are on the horizon. Housing surveys in recent weeks have shown that more Americans are seeing now a …
Apr 06
Opportunity in Vacation Homes
More Buyers See Opportunity in Vacation Homes. Some buyers are calling the vacation-home market the “perfect storm,” — falling home values, low mortgage rates, and increased affordability — which is prompting more opportunity in the second-home market. The National Association of REALTORS® reported last week that vacation home sales increased 7 percent in 2011 over …
Apr 06
Emerging Foreclosure Tide
Risk Changes in Emerging Foreclosure Tide. Banks are expected to pick up the pace of foreclosures, which will send a new wave of these properties on the market soon, housing experts say. This anticipated “wave” will occur at a time when the housing market has been showing signs of strengthening in pockets across the country, …
Apr 04
Will Housing Prices Soar By 2014?
Will Housing Prices Soar By 2014? Real estate economists and analysts are increasingly optimistic that the housing market will have a dramatic recovery in the next two years, according to results of a new semi-annual survey of 38 real estate economists and analysts conducted by the Urban Land Institute’s Center for Capital Markets and Real …
