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real esate: This Month in Real Estate July 2010 - 07/12/10 03:25 PM
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real esate: Fannie Mae says unsold homes are slowing recovery - 04/20/10 02:54 PM
ECONOMY
Fannie: Excess homes weighing on recoveryFannie Mae's economic and mortgage market analysis group said Monday that the housing market is stabilizing but that excess inventory continues to hinder a recovery.
The D.C.-based mortgage giant released a report that projects economic growth of 3.1 percent for 2010. Doug Duncan, Fannie's chief economist, said the unwinding of programs such as mortgage-backed securities are evidence of viability for the industry without federal aid.
New-home sales are at record lows and will remain slow, Fannie said, but it pointed to signs of recovery in existing-home sales.
INVESTING
American Capital prices stock offeringPrivate equity … (0 comments)
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real esate: Waiting for the other shoe to drop - 03/29/10 05:22 PM
IN ITS early days, the Obama administration argued over whether the financial system or the real economy should be the economic priority. Critics disputed the premise. They argued that no lasting recovery would be possible until housing markets were healthier.
Yet the housing-market recovery has almost run out of steam. Sales of new and existing homes have fallen for three consecutive months. As a result inventories have grown, putting downward pressure on home values. According to some measures, prices are dropping again: the Federal Housing Finance Agency reported national declines in December and January.
Things looked rosier last autumn. An $8,000 … (0 comments)
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real esate: 107 W Euclid Ave - 3 Bed 1 Bath in Mt. Prospect - 03/12/10 04:56 PM
Home will be freshly painted and new carpeting installed as well. Full unfinished lower level, & is also on large lot. Come and see today. Buyer responsible for any/all compliances, escrows etc if required. All inspections/systems tests are at buyer’s expense. Offers require pre-approval & EM due in certified funds at acceptance. Addendum required after seller accepts offer. Cash deals require proof of funds. Seller addendum required before submitting offer. Cash deals require proof of funds. View the many pictures we have to offer at www.illinoisforeclosuredeals.com and call today to schedule a viewing of this property at 847-967-0022. This property … (2 comments)
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real esate: Borrowers Miss Out on Billions in Savings - 03/05/10 04:27 PM
The Federal Reserve has pushed mortgage rates to near half-century lows, but millions of U.S. homeowners haven't benefited from that because they can't—or won't—refinance.
Falling home prices have left many owners with little or no equity, making it harder to qualify for refinancing. Moreover, stricter lending standards and higher fees by banks and mortgage giants Fannie Mae and Freddie Mac and declining incomes have made it tougher and less attractive for borrowers to seek new loans.
Around 37% of all borrowers with 30-year conforming fixed-rate mortgages—who collectively hold about $1.2 trillion of home loans—have mortgage rates of 6% or higher, according … (1 comments)
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real esate: Hedge fund says housing market may dip again - 03/03/10 04:30 PM
NEW YORK (Reuters) - Hedge fund firm Pine River, which makes big bets on housing, is bracing for a double dip in that market, its chief executive officer said on Tuesday.
"There are still issues in the housing markets and it would not surprise us to see the recovery turn down," Brian Taylor, who founded the $1.6 billion hedge fund eight years ago, said at the Reuters Private Equity and Hedge Funds Summit in New York.
For Pine River, where Taylor and his seven partners work to identify relative value mispricings ahead of the curve, both a full-fledged recovery or a … (1 comments)
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real esate: Demand Hits 13 Year Low for Mortgage Applications - 02/24/10 04:55 PM
A combination of weather and low demand has led to a 13 year low in demand for mortgage applications according to The Mortgage Bankers Association. Demand for mortgages has not been this low since 1997.Hopefully the market slowdown is a statistical blip due to the harsh winter that so much of the country has been dealing with. Unfortunately the uncertainty of the market and economy has all of us scoreboard watching. The demand for new mortgages is the canary in the coal mine for the real estate industry.If mortgage applications drop typically closing are not on the horizon. A continued … (1 comments)
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real esate: Obama Pledges $1.5B for Unemployed and Underwater Homeowners - 02/22/10 05:43 PM
The administration announced a new initiative Friday to help the nation’s hardest hit housing markets. President Obama has allocated $1.5 billion in aid for states where unemployment is high and home prices have fallen more than 20 percent in the aftermath of the housing bubble.
Home prices across the country are beginning to stabilize since the administration’s economic policies began to take effect almost a year ago. But local conditions vary considerably, and the administration says the legacy of price declines, together with the effects of high unemployment, means that many homeowners in especially hard-hit areas are still facing serious … (3 comments)
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real esate: 2009 Top Producer Award Ceremony Recap - 02/18/10 05:41 PM
The 2009 Top Producer Award Ceremony by Chicago Agent Magazine was a excellent event! It was a great chance to talk with other local Agents, that I might not normally see. I feel very honored to have received a Top Producer Award for 2009, now its time to work even harder this year to hopefully receive it again in 2010.
"Onward and Upward"
~ Helen Oliveri
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real esate: Visit the all New Helenoliveri.com - 02/16/10 05:01 PM
Visit the all new Helenoliveri.com
After months of preparation we have upgraded our entire website with a fresh new look and better functionality. We’ve put a lot of thought and effort into our new website in order to make it more appealing and user friendly to our visitor. Here are just a few of the new features for you to check out on the new www.Helenoliveri.com.
New Search Features
We have a great new search tool that gives you more options to choose from in order to narrow down your search to fit your specific needs. You can use the … (0 comments)
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real esate: Home sales 27% higher in 4th quarter over last year - 02/12/10 04:26 PM
Home sales posted strong gains in the fourth quarter and prices rose in nearly 45% of U.S. metropolitan areas compared with a year earlier, more evidence of an improving climate in housing. Bolstered by low interest rates and a first-time home buyers tax credit, existing-home sales rocketed 27.2% from the fourth quarter of 2008 to a seasonally adjusted annual rate of 6.03 million, the National Association of Realtors reported Thursday.
The national median price for an existing single-family home was $172,900, or 4.1% below the median price in fourth-quarter 2008. That was the smallest price decline in more than two years.
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real esate: For Sale 6 Bedroom Home in Norridge - 02/03/10 05:30 PM
Come quick and see this home in Norridge with lots of living space. Your buyers will not be disappointed. This is a terrific opportunity. Buyer responsible for any/all compliances, escrows etc if required. All inspections/systems tests are at buyer’s expense. Offers require pre-approval & EM due in certified funds at acceptance. Addendum required after seller accepts offer. Cash deals require proof of funds. Seller addendum required before submitting offer. Cash deals require proof of funds. View the many pictures we have to offer at www.illinoisforeclosuredeals.com and call today to schedule a viewing of this property at 847-967-0022. This property … (1 comments)
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real esate: For Sale 2935 N Mason Solid Brick Chicago Bungalow - 02/01/10 05:21 PM
Solid Brick Chicago Bungalow with great potential. Terrific opportunity for someone looking to perform tlc. Bring your buyers today. Buyer responsible for any/all compliances, escrows etc if required. All inspections/systems tests are at buyer’s expense. Offers require pre-approval & EM due in certified funds at acceptance. Addendum required after seller accepts offer. Cash deals require proof of funds.
Seller addendum required before submitting offer. Cash deals require proof of funds. View the many pictures we have to offer at www.helenoliveri.com and call today to schedule a viewing of this property at 847-967-0022.
This property is exclusively listed by Helen Oliveri … (2 comments)
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real esate: Small signs of recovery cannot shift the general gloom - 01/29/10 04:37 PM
Jan 21st 2010 | WASHINGTON, DC | From The Economist print edition
WHEN American house prices finally started rising in June last year, ending a three-year decline, homeowners and economists rejoiced. The steep plunge in values, about 33% nationally from peak to trough, caused widespread damage in the American economy and abroad. The stabilisation of prices turned out to be a precursor to broader economic recovery.
Since bottoming out between May and June, prices have ticked upwards every month, while sales have risen from their recession lows. And yet gloom persists. The pace of foreclosures has not abated, and there has … (4 comments)
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real esate: U.S. Economy: New-Home Sales Fall, Capping Worst Year - 01/28/10 03:31 PM
Jan. 27 (Bloomberg) -- Sales of new homes in the U.S. unexpectedly dropped in December, capping the worst year on record and signaling the government’s tax-credit extension has yet to shore up demand.
Purchases declined 7.6 percent to an annual pace of 342,000, marking the fourth decrease in the past five months, the Commerce Department said today in Washington. For all of 2009, sales declined 23 percent to 374,000, the lowest level since records began in 1963.
The falloff following the expected expiration of an $8,000 incentive for first-time buyers indicates the market remains dependent on government assistance. A setback in … (2 comments)
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real esate: Midwest home sales rose 9 percent in December - 01/27/10 04:07 PM
Home sales in the Midwest declined from November to December, but ended the last month up 9 percent from prior-year levels, the National Association of Realtors said Monday. There were 86,000 sales in the 11-state region last month, with a median sales price of $173,600, up almost 4 percent. That was slightly weaker than the national trend. Total home sales across the country were up nearly 15 percent in December, without adjusting for seasonal factors. The median home price nationally gained nearly 4 percent, to $225,400. Buyers "are still making incredibly conservative decisions," said Linda Hart, an agent with Re/Max Traditions … (0 comments)
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real esate: California's Home Inventory Shrinks to 5-Year Low - 01/26/10 04:47 PM
SAN FRANCISCO—California's inventory of unsold, previously owned homes shrank to a five-year low in December, in another sign that the state may be coming out of its worst housing slump in decades.
The supply of unsold single-family homes dropped to 3.8 months from 5.6 months a year ago and 16.6 months in January 2008, when inventories were at a peak, according to estimates released Friday by the California Association of Realtors. The inventory levels are now at their lowest level since 2005, resulting in frenzied sales with multiple offers in some cities.
In Northern California's Santa Clara County, where inventory has … (1 comments)
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real esate: Surge in Short Sale Requests Unlikely to Impact Housing Market - 01/22/10 04:41 PM
Although short sales are likely to increase in 2010, the jump in these transactions is unlikely to have any real impact on the housing market, according to a new study by Housing Predictor.
While more at-risk homeowners are turning to short sales as an alternative to foreclosure, Housing Predictor says the small number of short sales that are actually approved by banks represent less than 1 percent of all homes facing foreclosure. In the first half of 2009, only 40,000 short sales were completed, according to the most recent data available from the Office of the Comptroller of Currency shows.
In … (1 comments)
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real esate: Looking to buy a house? Yes, there's an app for that - 01/21/10 02:53 PM
Pretty soon, the whole idea of using a computer to search for homes to buy might seem downright quaint.
That's because the action has moved to your mobile phone. Of course, you can still sit at your PC or laptop and troll through listings, but real estate industry players know that house hunters spend an inordinate amount of time in their cars, so they're laboring mightily to top each other with real estate tricks for phones to perform.
Real estate search sites are rolling out phone apps (or applications, to those of us whose existences haven't been infiltrated by smart phones) … (2 comments)
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real esate: Where Americans Pay Most In Property Taxes - 01/20/10 03:46 PM
A national look at the county-level costs levied by Uncle Sam. No one looks forward to the day their annual property tax bill arrives. But those in affluent Westchester County, a suburban swath ofNew York that includes areas like Rye and Armonk , most likely dread it more than most. That's because homeowners fork over a median $8,404 per year to live there. That's seven times more than the $1,180 national average, and on a dollar basis, the highest in the nation.
Across the country, Marin County, Calif., holds a similar distinction. While not as lofty as Westchester's, the region's $5,233 … (0 comments)
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Helen Oliveri
Glenview,
IL
More about me…
The Helen Oliveri Team of Keller Williams Realty
Address: Morton Grove, IL, 60053
Office Phone: (847) 967-0022
Email Me
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