housing: Home Sales Continued to Get Weaker in First Quarter
- 04/28/11 06:30 AM
Homes sales in most of the Kansas Metro area and Johnson County continue to delay behind last year’s pace. According to data released by Heartland MLS, in the first quarter of the year, number of homes sold and the prices paid for them are both down as to the same period a year ago. Throughout the month of March, there were 1,090 existing homes sold in the county. In the same month last year, around 1,237 has been sold. That means a 12% drop. IN Johnson County, the average price of existing houses purchased in the first quarter plunged from $220,765 … (0 comments)
housing: MBA - Introduces Council on Residential Mortgage Servicing
- 12/15/10 04:41 AM
The Mortgage Bankers Association (MBA) has created a task force of key MBA members to study and issue suggestions for the future of residential mortgage servicing. The Council with regards to Residential Mortgage Servicing for the 21st Century will be conducted by Debra W. Still, President and CEO of Pulte Mortgage LLC of Engelwood,CO and also the MBA’s Vice Chairman.
According to Michael D. Berman, CMB, Chairman of the MBA, “The mortgage servicing has been running in a time of unparalleled challenges, presenting us with a sole opportunity to discover potential developments to business practices, laws and regulations … (0 comments)
housing: Foreclosures thrust home prices downhill in many cities
- 11/15/10 06:44 AM
Home prices are plunging further, proposing a bottom has not been reached in many metro areas. Millions of foreclosures are anticipated to pour onto the market in the coming years. Most likely to force prices drop and hurt even cities that had begun to rebound. Analysis into banks’ foreclosure paperwork could further discourage buyers and load down prices. The housing market, the few months have been the most horrible time in a decade. People have bought homes and among the small group of buyer, many have bought foreclosed and distressed properties. According to LPS Applied Analytics, however the foreclosure crisis … (0 comments)
housing: NAR: Real estate prices fixed, sales topple
- 11/12/10 05:11 AM
According to the statement by the National Association of Realtors, home prices in the third quarter stayed essentially fixed in spite of drop-off in existing-home sales in contrast to the same period in 2009. The mean of existing single-family home prices catapulted year per year in 77 of 155 metropolitan areas tracked by association. At the same time, the median prices drop in 76 metro areas and stayed the same in two. Home prices imitate sales prices of closed transactions. Single-family homes purchased for a median $177,900 in the third quarter, stayed flat compared to $178,200 in the third quarter of … (1 comments)
housing: REOs drop in the middle of ‘robo-signing’ stall
- 11/11/10 04:33 AM
Bank recovery dropped 9% in October after its tragic record high in September most likely the outcome of foreclosure freezes by some major lenders according to a report by foreclosure date site RealtyTrac. Total foreclosure activity in October that default notices, bank repossessions and scheduled auctions plunged 4.4 percent from September, although remained essentially firm from October 2009. The foreclosure filing last month accounted a total of 332,172 properties which is one every in every 389 housing entity. James J. Saccacio, RealtyTrac’s CEO stated that October scores the 20th consecutive month where over 300,000 U.S. homeowners obtained a foreclosure notice. … (1 comments)
housing: First Time Homebuyers Continue to See Exodus towards Housing Market
- 09/23/10 07:21 AM
According to the recent Campbell/ Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions, “In July, first-time homebuyer remained to desert the housing market”. Last month, 39.1% accounted for the first-time homebuyers of the home purchase market, from peak of 48.2% in March and the lowest seen in at least a year. Thomas Popik, the research director for Campbell said “the end of the tax credit has definitely had an effect and participation of first-time homebuyer is continuing to drop. we imagine a further turn down in first-time homebuyer activity, possibly reaching as low as 30-35% of the market by … (0 comments)
housing: Housing Prices Remain Steady In Spite Of Drop In Sales
- 09/22/10 11:13 AM
The August home sales went down to 0.5% after plunging in July, based on the real estate franchise RE/MAX. Last year of August, home sales are still down at 17.9%. However some real estate agents stated increased showings, a small number have explained into closed transactions after the expiration of the homebuyer tax credit at the end of April. According to Margaret Kelly, CEO of RE/MAX “market in summer season is continuously recovering from the number of buyers who purchased earlier to take advantage of the Tax Credit” it may take a couple of months to regain its standing, but we … (0 comments)
housing: Americans May Not Actually Be Paying Down Consumer Liability
- 09/21/10 08:38 AM
It was said that the Americans are deleveraging from consumer arrears, but a nearer look exposes that this may be not the case. Any decrease in consumer debt may be more due to defaults than actual belt reduction. According to this story at the Wall Street Journal over the weekend, the substantial diminution in outstanding credit over the past few years is because of those charge offs, not consumers excavating their way out of debt by paying down their balances. U.S. consumers could not be fairly as worthy as they seem. The sharp rejection in U.S. household debt over the … (0 comments)
Kansas City is a very good area for investers in both single family homes to apartment & commercial buildings.We have lots of inventory for residential and commercial listings.
Homes sales in most of the Kansas Metro area and Johnson County continue to delay behind last year’s pace.
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