Home sale prices plunging in MichiganArticle from Michigan Radio:Home sellers in Michigan saw prices drop significantly in the last three months. And one analyst predicts it’s a trend that shows few signs of easing.
Clear Capitol reports Michigan home sale prices between October to January dropped by 5.3% compared to a year ago. And the overall trend is even worse.
Alex Villacorta is the director of Research and Analytics at Clear Capitol. He says home sale prices in Detroit were down nearly 12 percent. Villacorta blames the fact that half the homes sold in the Detroit during the last three months had been foreclosed. He says [...] Continue Reading…
Hockey, Swan shadow-boxing on home loan costsArticle from NEWS.com.au:
Reserve Bank of Australia expected to cut interest rates
Labor says mortgage rates are cheaper under them
Opposition reckons families paid $ 700 less under Libs
A FRESH row has erupted over home loan interest rates as Labor and the Coalition trade blows before the Reserve Bank’s predicted cut tomorrow.
Treasurer Wayne Swan yesterday said home mortgage rates were $ 3000 a year cheaper since Labor won power for an average $ 300,000 mortgage.
But Opposition Treasury spokesman Joe Hockey hit back, saying Labor was out of touch with families and that [...] Continue Reading…
Check home’s permit history before buying or sellingArticle from Las Vegas Review-Journal:Posted: Feb. 4, 2012 | 2:03 a.m.
It’s a good idea to check the building-permit record on a home you’re planning to buy before you remove your inspection contingency. Although buyers are advised to take this important step, many don’t. This can result in unpleasant consequences.
Some planning departments won’t allow you to take out a permit to do additional work on your home if there are outstanding or expired permits that never received final approval from a city building inspector.
The buyer of a home in the hills above Oakland, [...] Continue Reading…
Obama pushes new plan for home loan refinancingArticle from Financial Times:Barack Obama, the US president, has announced fresh measures to boost the ailing property market, admitting that previous initiatives have fallen short and pleading for the approval of Congress to enact his programmes.
The plan, previewed by senior administration officials last week, calls for the US Federal Housing Administration to expand its balance sheet by insuring refinancings of loans not already guaranteed by taxpayers. The White House also wants US-controlled home loan financiers Fannie Mae and Freddie Mac to ease roadblocks for borrowers wishing to refinance.
“I’ll be honest. The programmes [...] Continue Reading…
Calgary home buyers show cautionArticle from Calgary Herald:Redirect Notice
Redirect Notice
The previous page is sending you to http://www.calgaryherald.com/business/real-estate/Calgary%20home%20buyers%20show%20caution/6083920/story.html. If you do not want to visit that page, you can return to the previous page.
…………………continues on Calgary Herald
>>> Read the full article from the source
.
Many First-Time Home Buyers Look To Parents To Finance Their MortgagesArticle from Business Insider:Flickr / millicent_bystanderEven though mortgage rates are at record lows, young adults may still have problems securing the means to buy their first home — and they’re not turning to banks.
In 2011, 26 percent of first-time home buyers received cash for their [...] Continue Reading…
CoreLogic: Atlanta home prices dropped 9% in ’11Article from Bizjournals.com:
Atlanta Business Chronicle
Date: Thursday, February 2, 2012, 10:31am EST
Related:
Residential Real Estate, Economic Snapshot
Atlanta and Georgia saw some of the biggest home price declines in America in 2011, according to CoreLogic.
Atlanta and Georgia saw some of the biggest home price declines in America in 2011, according to CoreLogic Bizjournals.com
>>> Read the full article from the source
.
Real estate price index continues downward price trendArticle from Inman.com:Home-price index image via Shutterstock.com.
The latest Standard & Poor’s/Case-Shiller home-price indices report, updated through November 2011, continues a downward trend, “and there are few, [...] Continue Reading…
Mortgage Market Shows Year of Low Foreclosure Rates and High Loan Volume CapArticle from LoanSafe:(Source: Department of Veteran Affairs) – Home loans guaranteed by the Department of Veterans Affairs continue to have the lowest serious delinquency and foreclosure rates in the mortgage industry. Veterans have also taken advantage of their home loan benefit in record numbers, as VA loan originations reached their highest total in eight years.
“The continued strong performance and high volume of VA loans are a testament to the importance of VA’s home loan program and a tribute to the skilled VA professionals who help homeowners in [...] Continue Reading…
Median home price fallsArticle from Poughkeepsie Journal:ALBANY — Housing sales in New York fell by 3.9 percent in 2011 compared to 2010, a report Monday by the state Association of Realtors found.
Realtors had a positive outlook on the numbers, saying sales growth in the fourth quarter was strong and a federal tax credit program fueled the 2010 sales.
The state Realtors’ report provides a way to see how local counties are doing in comparison to the state average.
Dutchess County showed a drop of 7.4 percent in the median price for single-family homes, to $ 250,000, the report said.
Ulster fell [...] Continue Reading…
UK Living Costs Are Deterring Home BuyersArticle from Washington Post:
SuperFan Badge
SuperFan badge holders consistently post smart, timely comments about Washington area sports and teams.
More about badges | Request a badge
Culture Connoisseur Badge
Culture Connoisseurs consistently offer thought-provoking, timely comments on the arts, lifestyle and entertainment.
More about badges | Request a badge
Fact Checker Badge
Fact Checkers contribute questions, information and facts to The Fact Checker.
More…………………continues on Washington Post
>>> Read the full article from the source
.
Discuss homebuyer success storiesArticle from Washington Post:Regarding the Jan. 16 front-page article “Million Dollar Wasteland: In D.C., buyers behind on loans”:
This article, which focused on the 1.8 [...] Continue Reading…
China New Home Loan Growth SlowsArticle from CapitalVue:CapitalVue News: China New Home Loan Growth Slows CapitalVue
>>> Read the full article from the source
.
Mortgage stretch raises bank costsArticle from Sydney Morning Herald:A SLOWDOWN in the housing market is starting to strain banks’ balance sheets, with the biggest lenders being forced to pay top dollar to lock in longer-term funding.
Commonwealth Bank and Westpac have tapped local investors for a combined $ 6.6 billion in recent weeks, paying a premium to secure bonds with a maturity of five years, at a time when Europe’s debt problems continue to push up [...] Continue Reading…