Despite foreclosure filings surpassing 300,000 for the 18th straight month, RealtyTrac’s monthly foreclosure report shows some bright spots for housing.
Entries Tagged as 'Real Estate'
Home Defaults Dropped For The 7th Month In A Row In August
October 18th, 2010 · Comments Off on Home Defaults Dropped For The 7th Month In A Row In August
Tags: foreclosures · Real Estate
Home Sales Are Back On The Rise After A 2-Month Pullback
September 8th, 2010 · 1 Comment
Just one week after reports of Existing Home Sales and New Home Sales plunging, the housing market signaled that the next few months may fare better than did May and June.
Tags: Economy · New Jersey · Pending Home Sales · Pennsylvania · Real Estate
Mortgage Rates May Be Low, But They’re Tough To Pin Down — Especially This Week
September 2nd, 2010 · Comments Off on Mortgage Rates May Be Low, But They’re Tough To Pin Down — Especially This Week
Mortgage rates would have been volatile this week. The presence of Labor Day just piles on. If you have a chance to lock something favorable and within your budget, consider doing it.
Tags: Mortgage Lending · Mortgage Rates · Real Estate
Home Affordability Rankings For 225 Metropolitan Statistical Areas
September 1st, 2010 · Comments Off on Home Affordability Rankings For 225 Metropolitan Statistical Areas
With home prices holding firm and mortgage rates still dropping, home affordability is reaching new heights.
Tags: Home Values · New Jersey · Pennsylvania · Real Estate
Home Builder Confidence Falls Again; Home Buyers Gain Leverage?
August 24th, 2010 · Comments Off on Home Builder Confidence Falls Again; Home Buyers Gain Leverage?
After reaching a 3-year high just 90 days ago, the National Association of Homebuilders’ Housing Market Index is now at a multi-year low after falling by almost half.
Tags: Homebuilders · Local · New Jersey · Pennsylvania · Real Estate
Higher (And Lower) FHA Mortgage Insurance Premiums Start October 4, 2010
August 18th, 2010 · Comments Off on Higher (And Lower) FHA Mortgage Insurance Premiums Start October 4, 2010
Beginning with FHA case numbers issued on or after October 4, 2010, the FHA is changing its upfront and annual mortgage insurance premium structures.
Tags: FHA Mortgages · Mortgage Lending · Real Estate
What Does It Mean To Escrow Taxes And Insurance?
August 16th, 2010 · Comments Off on What Does It Mean To Escrow Taxes And Insurance?
The fiscal responsibility of a homeowner extends beyond the mortgage’s basic principal and interest repayments. Homeowners are also responsible for the real estate taxes on the home and its insurance premiums, too.
Tags: Budgeting · Mortgage Lending · Real Estate
As The Pending Home Sales Index Falls, Home Buyers See Dollar Signs
August 11th, 2010 · Comments Off on As The Pending Home Sales Index Falls, Home Buyers See Dollar Signs
June’s Pending Home Sales Index is weak by most measures, but if you’re a home buyer, the headlines aren’t so bad. Fewer home sales can push negotiation leverage to the buy-side of a transaction.
Tags: Economy · Pending Home Sales · Real Estate
Home Values Within 12.5 Percent Of April 2007 Peak, Nationwide
August 10th, 2010 · Comments Off on Home Values Within 12.5 Percent Of April 2007 Peak, Nationwide
According the Federal Home Finance Agency’s Home Price Index, home values are now just 12.5 percent off their April 2007 peak nationwide. This after a half-percent monthly increase in prices in May,on average.
Tags: Home Price Index · Real Estate
25 Cities In Which To Get A Bang For Your Homebuying Buck
July 20th, 2010 · Comments Off on 25 Cities In Which To Get A Bang For Your Homebuying Buck
CNNMoney.com recently ran a piece titled “Where Homes Are Affordable”, listing 25 communities around the U.S. in which median incomes are relatively high and median homes are relatively low. It’s a housing market “bank for your buck” list.
Tags: Local · Pennsylvania · Rankings · Real Estate