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Home-buying on rebound in Charlotte area

February 3 , 2015 | | In: Home Buying

Home-buying on rebound in Charlotte areaArticle from WSOC Charlotte:CHARLOTTE, N.C. —
A major sign the economy continues to strengthen in Charlotte is that buying homes is becoming more competitive. Now, people who lost homes during the foreclosure crisis are ready to own again.
LINK: 9 things to know when buying a home
Floyd Davis remembers seven or eight years ago when a lot of real estate signs in neighborhoods read foreclosure, instead of for sale.  His company, Community Link, counsels people on homeownership and how to recover from homeownership mistakes.“It was rough for those individuals because they had worked so hard to get a […] Continue Reading…

5 Tools Every Single Homebuyer Needs to Use

February 1 , 2015 | | In: Home Buying

5 Tools Every Single Homebuyer Needs to UseArticle from Motley Fool:If you use a smart approach to evaluating homes, it will make the process smoother.
Finally taking the home purchase plunge? Congratulations! Now that you’re in the game, it’s time to get informed and make educated decisions. The process is filled with industry-specific terms, vendors, and a glut of information — ugh.
You may be wondering where to begin. With this arsenal of tools in your corner, you’ll sail smoothly through the process — starting from a sound first step — and right into your perfect home.
Educate yourselfFirst things first, get […] Continue Reading…

PulteGroup Optimistic As Homebuyer Traffic Picks Up PHM RYL DHI

January 29 , 2015 | | In: Home Buying

PulteGroup Optimistic As Homebuyer Traffic Picks Up PHM RYL DHIArticle from Investor’s Business Daily:PulteGroup (NYSE:PHM) Chairman and CEO Richard Dugas says that homebuyer sentiment began improving in November, leading to strong traffic and signups through December and into January.
The homebuilder also reports that its fourth-quarter earnings fell 25% to 43 cents a share but beat forecasts by 3 cents. Revenue grew 9.6% to $ 1.82 billion, above the consensus for $ 1.76 billion.
PulteGroup’s home sales gross margin was 23.1%, down 10 basis points from the prior year but up 20 basis points over Q3. While other homebuilders […] Continue Reading…

Falling mortgage rates spur surge in home loan applications

January 21 , 2015 | | In: Home Financing

Falling mortgage rates spur surge in home loan applicationsArticle from Times-Enterprise:By Andrew Khouri, Los Angeles Times (TNS)
LOS ANGELES — Mortgage rates keep falling, and that has borrowers rushing to close a deal.

Applications for home loans soared 49 percent for the week that ended Jan. 9, according to the Mortgage Bankers Association, the largest pop since 2008. The jump from a week earlier came from a 66 percent increase in refinances, and a 24 percent gain in purchase applications.
And the surge could continue. Mortgage finance giant Freddie Mac said lenders on average were offering a 30-year fixed loan at 3.66 […] Continue Reading…

Home sales perk up in Southern California as price gains slow

January 15 , 2015 | | In: Home Buying

Home sales perk up in Southern California as price gains slowArticle from Los Angeles Times:

By Tim Logan contact the reporter

Home sales picked up their pace in December, in the latest sign that the region’s housing recovery might finally be reaching more people.

Sales in the six-county Southland climbed 4.3% compared to the same month in 2013, according to new figures Wednesday from real estate firm CoreLogic DataQuick, marking just the second time in a year that volume has increased on an annual basis.

At $ 415,000, the median price of all homes sold in the region treaded water as it […] Continue Reading…

How to shop for a home loan

January 15 , 2015 | | In: Home Financing

How to shop for a home loanArticle from CBS News:Prospective homebuyers spend plenty of time looking for just the right house, but nearly half fail to shop for a mortgage. That mistake could cost the typical consumer thousands — even tens of thousands — of dollars over time.
A recent survey by the Consumer Financial Protection Bureau found that three out of four consumers apply for a loan with only a single lender, rather than applying with multiple lenders to see which one might offer the best deal. Nearly as many said their main source of information about home loans […] Continue Reading…

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New home loan helps lower-income borrowers build equity quicklyArticle from Los Angeles Times:Grace and Armando Ong were among millions of Americans who lost their homes during the housing crisis.
Today, the Azusa couple are in the vanguard of borrowers taking advantage of a new loan that helps lower-income borrowers build equity fast — and protects them against any future crash in values.
All with no down payment, no closing costs and no mortgage insurance. The Ongs’ real estate agent, Jill Medley, called it “the best loan in the history of real estate.”
The key feature of the so-called wealth-building home loan is […] Continue Reading…

Home Tour: Brent Coleman’s West Price Hill Tudor revival full of antiques, storiesArticle from WCPO:I want to thank those who shared their houses with me and WCPO.com readers in 2014. To start off a new year of Home Tour, I thought it would be fun for you to see mine. So, take a look at my place and feel free to share yours with me by emailing a few photos and short story to brentcoleman57@yahoo.com. I’m always looking for homes to tour and write about.
CINCINNATI — It may be a cliché, but “love at first sight” describes my initial […] Continue Reading…

London Luxury-Home Price Increases Slow on Tax Concerns

December 30 , 2014 | | In: Home Buying

London Luxury-Home Price Increases Slow on Tax ConcernsArticle from Bloomberg:Home prices in London’s wealthiest neighborhoods rose at the slowest pace in five years during 2014 as the prospect of new property taxes after next year’s national election deterred buyers.
Values in the 13 districts that Knight Frank LLP defines as prime central London climbed 5.1 percent this year, the broker said in a report today. Prices fell 0.1 percent in December from the previous month, the second straight decline.
Chancellor of the Exchequer George Osborne on Dec. 3 announced changes to the stamp-duty transaction tax that made it more expensive to […] Continue Reading…

SBI initiates three-pronged strategy to boost its home loan businessArticle from Economic Times:MUMBAI: The State Bank of India has initiated a three-pronged strategy to push its home loan business. The country’s largest lender will sell its home loan products through the entire group network instead of limiting it to the bank, develop a mechanism to identify right customers for home loans, and implement a uniform delivery system across its branches, a top official said.”We are looking to grow home loans at 15%-17% in FY16 and how to leverage our group resources,” said B Sriram, managing director and group executive […] Continue Reading…