Fair Housing Laws are just one thing landlords need to be very familiar with in order to protect themselves and their businesses. In addition, there is the Americans with Disabilities Act, application screening, lead-based paint and other disclosures,leases, state laws about security deposits,collection issues, criminal activity in your units and more…What’s a [...]
In a just a few days we will say goodbye to 2009; a year that has been brutal to the housing market. So as the new year comes in, what will 2010 hold in store for the housing market?
To answer this question I turned to the housing forecast just released by Fannie [...]
NAR’s “seasonally-adjusted” numbers show sales up 7.4 percent for the month…”actual” numbers show a 5.2 percent decrease….Sales up 44 percent from last year, lest we not forgot last year was the worst in over 10 years…
According to the latest report from the National Association of REALTORS(R), existing home sales in November [...]
New homes were started in November at an annual rate of 482,000 homes and I asked why in my post last week since new home construction was already outpacing sales….well, today the gap got worse..
This morning the U.S. Department of Commerce released a report showing the sale of New Homes [...]
In spite of recent “upbeat” reports on the housing market and some people even saying the worst is over, when it comes to declining home values it appears the fat lady hasn’t sung yet
According to a report issued by First American CoreLogic national home prices continue to decline with their HPI (Loan [...]
According to NAR 51 percent of recent homebuyers are first-time buyers and 39 percent of recent home sales have relied on an FHA loan
The National Association of REALTORS just released a report showing that 51 percent of the homes sold recently have been to first-time home buyers and that 39 percent of [...]
Home-buyers mortgage activity dropping…refinances make up 3/4 of all new mortgages.
The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending December 11, 2009. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 3.6 percent [...]
New home construction is on the rise in November…. WHY??? They aren’t selling as fast as they are being built…didn’t we learn our lesson?
The U.S. Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for November 2009 showing an increase in new home [...]
As 2009 quickly draws to a close and the housing market continues to be in dismal condition, it would sure be nice to know what next year holds in store. Will the housing market finally see a recovery? Or, will the number of homeowners that are “underwater” on their mortgages sustain the [...]
Department of Justice Press Release
Scam Involved Lawyers, Mortgage Brokers, and More Than $14.6 Million in Loans
PHILADELPHIA—A 15-count indictment was filed today against five defendants charged in a $14.6 million mortgage fraud scheme that resulted in at least 35 fraudulent mortgage loans, announced United States Attorney Michael L. Levy, Special Agent-in-Charge of the [...]
This week the Treasury Department issed a report which included stats on the Home Affordable Modification Program (HAMP) which is part of the Obama administrations’ Making Home Affordable Program and “is a loan modification program designed to reduce delinquent and at-risk borrowers’ monthly mortgage payments”. The HAMP program got underway around March [...]
Learn what improvements will bring the most return from a buyer… Dennis Norman
How many times while doing a rehab of a home you plan to flip have you spent extra money on something to make it special or stand out, such as a remodeled kitchen, updated master bath, room addition, etc, only to [...]
Mortgage Delinquencies are expected to decrease in many states in 2010; Florida, Arizona, California, New York and Virginia expected to see increases.
According to the Annual Consumer Credit Forecasts issued by TransUnion, Florida is expected to have the highest mortgage delinquency rate by the end of next year at 16.86 percent (up [...]
For the first year or so of the real estate slump, it appeared to just be concentrated in the residential market, specifically homes and condos. However, over the past few months the attention has shifted more and more to the commerical and multi-family markets as well as the economy remains weak.
Fewer Home Sellers Cutting Prices as Average List Price Falls More Than 3%
Fewer sellers in 27 major U.S. markets reduced home prices this month, and those who did slashed their prices less than in October. At the same time, the average list price in those markets overall declined slightly, a possible sign sellers are [...]
Lawrence Yun, Chief Economist, NAR
Is the increase real or have the tax-credits created an “artificial” market that cannot be sustained?
Today the National Association of REALTORS(R) issued their Pending Home Sales Index Report for October showing pending sales in the U.S. rose again for the ninth consecutive month – marking the longest streak [...]
In a challenging market like this, you have to pull out all the stops to sell your property; in addition you need to be aware of the tools and resources out there to help you do so. One of the best resources currently available to sell homes is the newly extended and [...]