market news: Foreclosures up 121%, but ECONOMIC REVISIONS suggest ecopnomic stabilization....Go Figure!!!!!!! - 07/25/08 10:09 PM
U.S. new home sales fell marginally in June but the pace was much higher than expected due to +50k of revisions over the past three months. Economists were surprised by the report and said it may be a tentative sign of stabilization.
Some Cheif Strategists suggest that it "paints a brighter … (0 comments)
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market news: Expect the Next Round of Foreclosures in January 2009! - 07/18/08 08:36 PM
According to CoreLogic, nearly 300,000 subprime adjustable-rate mortgages (ARMs) are scheduled to reset throughout the summer months of 2008. For many borrowers, this means higher monthly mortgage payments with a rate increase of 1 or 2 percentage points -- or more in some cases -- when their loan adjusts.
… (5 comments)
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market news: Get Your European Fine Goods While You Can! - 07/17/08 10:07 AM
We all know the dollar is very weak compared to the Euro and the English Pound. Up till now, we haven't really been too affected by it when buying goods from those countries. Why?
Manufacturers order materials 1-2 years in advance of the finished products actually making it to store shelves. … (0 comments)
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market news: The Best Things About Higher Fuel Costs! - 07/17/08 09:49 AM
This past weekend I was visiting New Orleans, I was talking to a few friends who lived there and we started discussing changes in the economy and how they affected people on a local level. It got me to thinking about how higher fuel costs actually help us in ways we … (4 comments)
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market news: In-Depth, but not boring!, Market Stats for Gilbert AZ - 07/08/08 11:59 AM
If you are thinking about buying or selling real estate in Gilbert Arizona, you need to be well armed with good information. Here are some interesting statistics for us.
At the current absorption rates Gilbert Arizona has:
Price Range Currently Active Months of Inventory (historically, a balanced market is 3-4 months)
… (0 comments)
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market news: Important Economic Indicators for July 2008 - 07/07/08 11:02 AM
… (3 comments)
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market news: Interest rate outlook, Market news - 07/02/08 03:12 PM
Last week's interest rate improvements were mostly driven by a flight to quality. As money was flowing out of a weak stock market investors have to find a safe haven which typically means the Credit Markets... Which is where Bonds and Mortgages are traded. As the money flows in, the price … (1 comments)
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market news: Mortgage news, interest rate outlook - 07/02/08 03:08 PM
Last week's interest rate improvements were mostly driven by a flight to quality. As money was flowing out of a weak stock market investors have to find a safe haven which typically means the Credit Markets... Which is where Bonds and Mortgages are traded. As the money flows in, the … (2 comments)
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market news: California's Housing Market Finds Itself in Dire Straits - 07/01/08 06:16 PM
California's Housing Market Finds Itself in Dire Straits
While the underlying demographics for housing remain strong in California and are expected to gain even greater strength as its population continues to grow, the immediate outlook is grim and the industry remains in dire straits, representatives from the California Building Industry … (1 comments)
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market news: The Fed and Mortgage Rates - 06/27/08 06:59 AM
The Fed left the Fed Funds Rate unchanged when they met on Wednesday. The Fed is in a tough position right now... Inflation is hitting us all with higher prices at the gas pump and food and almost everywhere we turn. And the Fed's best way to combat inflation is to … (1 comments)
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market news: Sellers: Beware of the Cost of Deferred Maintence - 06/26/08 10:35 AM
Buyers expect a home to be in good shape. Replacing the roof and painting, replacing the HVAC are not value added in a buyers market. They are expected!
If a seller neglects their home, and decides to sell; they will be hard pressed to recoup these costs in a higher sales price.
Buyers are … (1 comments)
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market news: The FED meets this week, Market update. - 06/23/08 10:40 AM
Market update
The FED Begins its FOMC meeting this Tuesday and we should have the outcome of that meeting about 2pm on Wednesday. In addition to the FED meeting we have a slew of reports on New and Existing Home Sales, Consumer Confidence, 2 Treasury Auctions, ending the week with Personal … (3 comments)
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market news: Start Spreading the News - 06/12/08 08:07 AM
Tired of hearing and seeing all of the negative press about real estate? Me too. My day kicked off with a barrage of good news related to real estate. A colleague came into my office first thing this morning asking me if I had seen Larry King last night. Can't say … (4 comments)
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market news: More Up's and Down's -Rates for 6-3-08 - 06/03/08 11:27 AM
Rates have reverted upwards slightly this morning, making the 30 yr fixed somewhere between 5.87%-6.00% PAR with the 15 yr between 5.5% and 5.625%--(closer to the top ends) . So we're back on the upswing as a result of the Stock markets very small gains. Comments from Fed Chair stated that … (0 comments)
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market news: Pricing your NH home to sell - 06/02/08 07:24 PM
Properly pricing you home today is more important than ever. The dilema most sellers have is I want to get the most for it. Let's face the facts, buyers have more inventory to choose from now than before. So, if you need to sell it, the price is critical. What I … (0 comments)
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market news: More changes from the Mortgage Insurance Industry... - 05/29/08 07:36 PM
Here are a few the NEW changes, effective 6/2/08, coming from MGIC, the oldest and largest mortgage insurance company in the world. And when MGIC makes changes, the rest of the industry follows.1. MGIC will no longer insure a low or no-doc type of loan. 2. Negative amortization loans, those which can the … (2 comments)
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market news: Let the Ride Begin-New York Mortgage Rates-5-27-08 - 05/27/08 10:58 AM
Ok, so the Stock Markets were up this morning on some mixed news. Now after investors have had some time to evaluate the news from today, stocks are mixed, flat, and even down in some markets. So.............let the ride begin. This week looks like an up and down run for both … (0 comments)
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market news: Great deals at Panorama Towers - 05/05/08 05:06 PM
There are some amazing deals at Panorama Towers. One of the deals that caught my eye is a one bedroom condo located in building 2 on the 8 th floor with 733 sq ft of living space.this condo is ready for you to move in and enjoy the spectacular views and … (0 comments)
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market news: Weekly Market Trends for Tooele and Salt Lake Utah - 04/28/08 10:40 AM
THE JOB MARKET
Initial jobless claims dropped by 33,000 last week. Quite unexpected by analysts to say the least. The market reacted like it was the best news in weeks.... Which it was. With the four week average remaining at a high 369,500, and numbers dropping only as benefits end for the … (0 comments)
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market news: Weekly Market Trends for Salt Laker City, Tooele, and outlying areas of Utah - 04/18/08 01:27 PM
It's been a fun week for mortgage rates. Here is the weekly news moving the market. Input is always appreciated.
THE JOB MARKET
Citigroup announce that it plans to cut 9,000 jobs in light of their recent mortgages losses. This on the heels of 4,200 job cuts in January. To add to what is … (0 comments)
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market news: One Last Thought News for salt Lake City, Tooele, and Other Utah Cities - 04/18/08 01:05 PM
When I look all the fun filled news out there it is hard to keep a positive note on the market. Foreclosures are up, mortgage write downs are up, rates are all across the board, and the government bailout isn't really bailing anyone out. Where is the silver lining in the … (0 comments)
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market news: Daily Bond and rate report for Utah, Tooele, Weber, and Salt Lake City - 04/17/08 01:04 PM
Thursday, April 17, 2008'
It’s another less than stellar day with the bond market. Although first time claims beat expectations today, up 17,000 from last week, most have shrugged off the news and moved on to better things. To add to the dismal numbers, after Merril Lynch posted a new $6.5 Billion … (0 comments)
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market news: Facing Financial Dysfunction... Top Financial Advisor gives advice - 04/13/08 03:07 PM
One of the premier Financial Advisors in the US, Bert Whitehead gives some financial advice thru our Mortgage Advisors Newsletter. This is part 3.If you missed part 1 or 2 of "Facing Financial Dysfunction", you can find those right here.PA's Leading Lender FAIRWAY Independent Mortgage Corp. We provide residential mortgage lending … (2 comments)
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market news: Mortgage Industry Employment Stabilizing? - 04/13/08 02:58 PM
Employment in the mortgage industry appears to be stabilizing, with a loss of only 700 jobs in February, as refinancing activity and loan workouts keep the current work force busy. The U.S. Bureau of Labor Statistics reported Friday that employment in the mortgage banker/broker sector fell from 364,800 in January to … (2 comments)
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market news: 1031 Exchanges - C.A.R. Talking Points for Consumers - 04/10/08 09:25 PM
The California Association of Realtors "Market Matters" Newsletter had mostly rough news. However, it's not all bad. Lenders are having to adjust to higher foreclosure rates leading them to allow defaulting borrowers to remain in their homes. They also noted that 96.4% of mortgage payments were on time. (source Bloomberg.com click here for full story).
This … (0 comments)
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market news: Be a Real Estate Expert…on the Economy - 04/08/08 11:06 AM
Commentary by Margaret Kelly
RISMEDIA, April 8, 2008-It wasn't that long ago that being experts on local real estate was enough to propel many great agents to the head of the pack. But these days, that simply isn't enough. You also have to understand-and be able to explain-broader economic realities.
In the current … (0 comments)
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market news: What's "News" in the Market and Where are Rates Going? - 04/05/08 06:35 PM
Click here for a quick read on where the market was last week and where it's going. Nobody knows for sure... in general, bad economic news will help interest rates go lower. Strong, positive economic news and/or inflation will tend to push mortgage rates higher. You can subscribe to this weekly … (0 comments)
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market news: Honestly, what is happening to the market in Eugene OR? Seems as cloudy as the weather... - 03/26/08 11:07 PM
Prices are down in Eugene as most of the country but not quite as bad as most. You can say the market is as mild as our climate not to hot not too cold.. This is an excellent time to buy in one of the steadiest markets in the country. We … (0 comments)
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market news: Jesus in the car - 03/21/08 03:17 PM
For those of you who haven't heard the incredible story of the 92 year old woman who repelled a would be attacker with...Jesus. This Good Friday is a good time to remember what Jesus did for you and me....
… (3 comments)
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market news: Even Ben Bernake Isn't Exempt! - 03/21/08 06:13 AM
Bloomberg News this morning reports that Federal Reserve Chairman, Ben S. Bernacke bought a home in the Washington, D.C. area for $839,000 in May of 04. His home is 4 BR's and 2600 sq ft. ``Even though he's the Fed chairman, he's going to get hit -- but I think lot … (7 comments)
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market news: Housing Market in Elyria as of March 12th, 2008 - 03/12/08 08:20 PM
Elyria is a growing community in Lorain County, where housing is plentiful & very affordable - from historical properties to newly constructed modern homes, even condominiums and cluster homes. Currently, as of March 12th, 2008 - there are 607 homes listed for sale with area real estate companies (not counting for sale … (0 comments)
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market news: Desert Hot Springs Market Activity Report From Feb 12th to March 10th 2008 - 03/11/08 12:08 AM
While working on the west side of Desert Hot Springs, with two listings in the community of mountain View By Mission lakes I was seeing good activity at my open houses. It was interesting to me that many of the people had heard the city was getting on track after many … (0 comments)
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market news: Did you Miss the Boat? It's coming back - 02/28/08 08:40 PM
Monday January 28th; Martin Luther King Jr. Birthday. Financial Markets in America were closed in observance.
Overnight Markets Crash & Burn
London and India’s Financial markets lost 7 & 7.5%. Record losses for both. Had those losses been in American on the Dow Jones Industrial Average we would have had to … (4 comments)
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market news: Maine Single Family Home Sales drop 28% from January 2007 - 02/27/08 07:44 PM
Sales of single family homes skidded to 495 in January compared with a total of 688 in the same month in 2007. These figures were released by the Maine Real Estate Information System, Inc. earlier this week.More bad news for sellers - the statewide median sales prices for those homes dropped … (2 comments)
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market news: FHA Rates better than Conventional? It's true, by almost .250! - 02/25/08 08:11 PM
I know it sounds hard to belive but I promise it is true. A quick survey of the top commoercial banks and their wholesale rates resulted in FHA Fixed rate mortgages are a better buy for the average consumer with a btter rate by almost .250 better!
… (3 comments)
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market news: Five Reasons to Refinance Your Mortgage - 02/25/08 01:08 PM
Five Reasons to Refinance Your Mortgage
There is an old adage in the mortgage business that states that if you can improve your interest rate by at least two percentage points, then it is a good time to refinance. While that may work as a general rule of thumb, the … (4 comments)
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market news: Can't Afford to Fly? Cheap Alternatives for Internt'l Travel - 02/22/08 07:31 AM
… (7 comments)
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market news: Why "Waiting For The Bottom" May Be Foolish - 02/13/08 01:06 PM
There was a good article on MSN recently dealing with the housing market. I was impressed with the thoroughness and thoughful insights expressed by the author, Melinda Fulmer. Here's the link:
http://realestate.msn.com/Buying/Article2.aspx?cp-documentid=6112643
In the conclusion of her article the author points to 5 good reasons to buy right now, and 5 good … (23 comments)
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market news: Weekend Mortgage News! - 02/08/08 05:50 PM
View Video "Happy Friday 2-8"-- Click on the film strip or text link above and turn up your volume to view your video email from Jeff Pickering.
Friday's bond market has opened in positive territory despite the lack of economic data being released. The stock markets are mixed with the Dow down 29 points and the NASDAQ up 13 points. The bond market is currently up 20/32, but we will still see a … (4 comments)
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market news: Business is picking up in Boca! Yeah! Homes are selling! - 02/07/08 01:03 PM
You might not hear it in the news, but it seems like the real estate market is picking up in Boca Raton, Florida. Right now there are 390 pending contracts on residential listings in Boca. That's a lot. In fact that more than double the amount of properties that closed last … (7 comments)
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market news: When is the best time to lock your loan? TOMORROW! 2/6/08 - 02/05/08 10:55 PM
OK folks, for those of you that know better than the experts...dont read any further.
For those of you who are looking for some advice on whether or not to Fix your ARM and are looking for guidance; here is my answer;
NOW!
Tomorrow rates will be signinficantly lower than they have been in … (0 comments)
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market news: Market Update - Refinance or Lock your purchase money now !!!! - 02/05/08 11:16 AM
Mortgage rates are better now than last week. Refinancing or Purchasing?
Have an adjustable rate mortgage? Don't wait..... Already applied for a mortgage to purchase a home and you are 30 days out from settling on your new home, it might be time to lock in now!!!
For many of you … (6 comments)
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market news: The Most Important Questions Every Buyer Should Ask - 02/02/08 09:42 PM
LOCATION: The Most Important Questions Every Buyer Should AskIt's a maxim in real estate that the three most crucial factors in selecting a house are "location, location, location." It's also true! No matter how wonderful the house is, the location is key to how well you'll like living in it and … (0 comments)
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market news: Today's Markets...ahead of the Fed Meeting - 01/30/08 09:25 AM
Yields rose again on Tuesday with most spots on the Treasury curve rising 8-9bp in calm, orderly trading as the market awaited today's FOMC meeting. December durable goods came in much stronger than expected, rising 5.2%. The S&P/Case-Shiller US Composite Home Price Index, which measures housing prices in twenty MSA's, declined … (2 comments)
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market news: Lancaster PA Real Estate Inventory On The Rise - 01/28/08 10:48 AM
Keeping a watch on the ever-changing real estate market in Lancaster County, PA and surrounding areas is part of my weekly routine. I thought I would update my readers on the latest inventory trend for Lancaster PA homes for sale and the other adjoining areas that make up our local MLS … (6 comments)
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market news: December - a tough month for Real Estate in Maine - 01/25/08 12:06 AM
Prices for single family, existing homes decreased 4.62% in December 2007 compared to December 2006. In figures reported yesterday by MREIS (Maine Real Estate Information System, Inc.), REALTORS reported 745 sales in Maine in December 2007, compared to 971 sales during December 2006, a drop of 23.27 percent. The median sales … (2 comments)
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market news: Fed Surprises with Deepest Cut since 1984 - 01/22/08 10:52 PM
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Rates are predicted to be cut again when the Federal Reserve meets at the end of this month. Many believe Tuesday's action was taken because of a dramatic downturn in the stock market, where the Dow dropped 464 points, the worst single day drop since September 11, … (1 comments)
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market news: Sellers Tips and Buyers Hits in this Soft Market - 01/03/08 11:13 PM
Home values will "stabilize again," but it will be a rocky ride with some time until they do -- especially for home sellers. If you can, stay put and ride this out. For sellers whose circumstances demand that they sell in today's soft market:
Realize that your house is worth only "what someone is … (1 comments)
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market news: Lancaster PA Expired Listings - Hundreds Need Help - 01/02/08 05:03 PM
Oh my goodness - looking at the hotsheets on the Lancaster County PA MLS today - would you believe the number of home listings that have expired over the new year...
278
Holy smokes! There are a LOT of homeowners out there in Lancaster County scratching their heads right now and wondering what … (8 comments)
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market news: Another Year for Lancaster, PA Real Estate! - 12/31/07 09:01 AM
Well, Lancaster County Real Estate made it through another year, this a tumultuous one with downturns in home sales virtually every month. Yet, despite the national doom and gloom, I think it's safe to say that the Lancaster housing market survived intact.
My local readers have to realize that the stuff … (3 comments)
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market news: Sussex County Housing Figures - 12/27/07 07:30 PM
Residential Sales - All TypesMarket Absorption Rate November 200721.59(7+ = Buyers Market)
Prior Month's Figures May Be Adjusted.Information obtained from the Garden State Multiple Listing ServiceInformation deemed reliable subject to errors and omissions.
… (0 comments)
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market news: November Housing Stats - Northern New Jersey - 12/27/07 07:23 PM
The Market Absorption Rate is up this month across the board, which means there is a larger supply of homes on the market. Sussex County, which had the greatest decrease in inventory last month, now has the greatest increase in inventory.
Bergen, Passaic, Essex, and Sussex Counties
- Number of homes sold in November … (0 comments)
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market news: November Lancaster Home Sales - Winter Is Coming Early - 12/13/07 04:58 PM
Lancaster County Association of Realtors announced the November 2007 home sales statistics this week, and many of the trends I identified in October (see my post here) continue. Overall, home sales were down 15% versus 2006, with 398 estimated closings vs. 470 last year. However, things are much worse once again … (3 comments)
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market news: Is it time to Buy? - 11/20/07 04:01 PM
The Greater Albuquerque and Rio Rancho Markets have seen a sizable increase in inventories. This is good news for Buyers. The interest rates are still great and there is a lot of selection in all price ranges available.
For more Market News please visit my website at www.RealEstateByFranz.com. Click here for the … (0 comments)
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market news: Sussex County Housing Stats - October - 11/19/07 09:20 AM
Prior Month's Figures May Be Adjusted.Information obtained from the Garden State Multiple Listing ServiceInformation deemed reliable subject to errors and omissions.
… (0 comments)
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market news: Essex County Housing Stats - October - 11/19/07 09:18 AM
Prior Month's Figures May Be Adjusted.Information obtained from the Garden State Multiple Listing ServiceInformation deemed reliable subject to errors and omissions.
… (0 comments)
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market news: Passaic County Housing Stats - October - 11/19/07 09:15 AM
Prior Month's Figures May Be Adjusted.Information obtained from the Garden State Multiple Listing ServiceInformation deemed reliable subject to errors and omissions.
… (0 comments)
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market news: Bergen County Single Family Home Figures - October - 11/19/07 09:13 AM
Prior Month's Figures May Be Adjusted.Information obtained from the New Jersey Multiple Listing ServiceInformation deemed reliable subject to errors and omissions.
… (0 comments)
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market news: Bergen County Condominiums/Townhouses Figures - October - 11/19/07 09:11 AM
Prior Month's Figures May Be Adjusted.Information obtained from the New Jersey Multiple Listing ServiceInformation deemed reliable subject to errors and omissions.
… (0 comments)
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market news: October Lancaster PA Real Estate Sales Figures Are In - And It's Not Pretty - 11/08/07 01:03 PM
The October report from the Lancaster County Association Of Realtors came out this past week, answering the question in many realtors and customer's minds - how will this fall season start out? This year has been a depressed one in general, as the County home market fights off the incessant national … (6 comments)
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market news: Great Information Resource for Realtors, Sellers, and Buyers - 11/01/07 09:07 AM
One of the most valuable resources for realtors AND consumers is the Texas Real Estate Center located at Texas A&M University. On their website you will find the latest in real estate news; monthly review of the Texas economy; data about building permits, home sales, population; publications, and additional resources.
Every Texas real estate licensee receives … (6 comments)
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market news: Working in This Market and Keeping it Positive--Don't Support the Mainstream News Media! - 10/30/07 06:32 PM
I don’t know about you, but I don’t listen to the National News on TV in the evening anymore. That has been a long practiced event in my family, since I was a small girl. My father always listened to the National News every night. He also subscribed to … (104 comments)
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market news: Cutoff to Mortgage interest deduction on Mansions - By John Dingell D, Michigan - 10/25/07 09:46 AM
I read in the
A real estate publication in New York real estate Market That John D Dingell Chairmen of the house energy and commerce committee, expects to introduce a comprehensive Climate change reform legislation once Congress returns this month.In an effort to reduce energy consumption the bill will Cutoff Mortgage interest … (0 comments)
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market news: Sussex County Residential - All Types - 10/18/07 08:18 AM
Prior Month's Figures May Be Adjusted.Information obtained from the Garden State Multiple Listing ServiceInformation deemed reliable subject to errors and omissions.
… (0 comments)
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market news: Essex County Residential - All Types - 10/18/07 08:14 AM
Prior Month's Figures May Be Adjusted.Information obtained from the Garden State Multiple Listing ServiceInformation deemed reliable subject to errors and omissions.
… (0 comments)
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market news: Passaic County Residential - All Types - 10/18/07 08:11 AM
Prior Month's Figures May Be Adjusted.Information obtained from the Garden State Multiple Listing ServiceInformation deemed reliable subject to errors and omissions.
… (0 comments)
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market news: Bergen County Condominiums/Townhouses Figures - 10/18/07 08:08 AM
Prior Month's Figures May Be Adjusted.Information obtained from the New Jersey Multiple Listing ServiceInformation deemed reliable subject to errors and omissions.
… (0 comments)
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market news: Bergen County Housing Stats - 10/18/07 08:05 AM
… (0 comments)
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market news: 15 Month Home Sales Snapshot - Northern NJ - 10/18/07 08:03 AM
Bergen, Passaic, Essex, and Sussex CountiesHousing Market - 2004 - 2007
… (0 comments)
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market news: Cape Coral Florida-Real Estate-Market Report- Gulf Access Waterfront Property - 10/08/07 06:41 PM
Joe Kendall Realtor with Sandals Realty 239-560-0726 www.viewswflorida.com writes, Sometimes you have to look at where we have come in the last two years in this real estate market in Cape Coral Florida before you have a clear understanding that Now is the Time to Buy. This always helps to get a clear … (3 comments)
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market news: Firelight Highlands Ranch Homes for Sale recent sold information and Days on Market graph - 10/04/07 12:07 PM
One of the things about blogging real estate information is that it's a learning process for both reader and writer. I've been selling homes and maintaining a market conditions report for my own office for years-- actually I started in 1996. But to produce something that's worthy of sharing with the … (0 comments)
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market news: Most Expensive ZIP Codes In The Nation - Alpine #1 - 09/28/07 04:54 PM
Forbes has released its annual ranking of the "Most Expensive ZIP Codes" in the nation. The rankings are based on median house prices, which were found to have increased in many areas across the country. Alpine, N.J. (07620) saw median home sale prices jump from $1.06 million to $3.4 million from … (0 comments)
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market news: Canada's Property Market on Fire: Royal LePage Q3 Report - 09/28/07 11:33 AM
Good morning all.
From my other blog More good news out of the housing sector from Royal LePage. The report covers the resale market from coast to coast, echoing what I reported about British Columbia’s market yesterday. Our booming economy, low unemployment, and high consumer confidence has fueled the market across the … (1 comments)
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market news: New Home Sales News - 09/28/07 09:31 AM
First the bad news: New home sales have hit a 7 year low last month. This is not great but was not totally unexpected given the current state of real estate.There is some good news out there that bodes well for the future of the market, however. First, the yield curve … (2 comments)
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market news: 14 Month Home Sales Snapshot - Northern NJ - 09/28/07 07:56 AM
… (0 comments)
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market news: B.C. Real Estate Market sheltered from U.S. Woes - 09/27/07 01:53 PM
Hello fellow professionals. More evidence today from the BC Real Estate Association that our market in British Columbia is continuing to thrive despite the implosion in the United States brought on by the sub-prime mortgage issues and economic difficulties. Below is the release. Those of you with blogs or e-mail … (0 comments)
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market news: 14 Month Home Sales Snapshot - 09/22/07 09:37 PM
Bergen County - Passaic County - Essex County - Sussex County Updated about the 15th of the following month.Market Absorption Rates7+ = Buyers Market … (0 comments)
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market news: August Housing Results Are In: - 09/22/07 09:27 PM
•· Bergen County Single Family homes average sale price slips to 2005 prices.•· Bergen County Condo/Townhouse - average sale price slips into double digits loss.•· Passaic County - prices stay about the same with Absorption Rate moving higher into buyer's market.•· Essex County buyer's market keeps getting stronger, but selling prices … (0 comments)
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market news: The New Super Loan Returns - 09/20/07 10:38 AM
Let's get to work and get all those hard to do loans over into FHA. Now is the time to get them approved.
The New Super Loan Returns
•Ø FHA: Requires no minimum credit score
•Ø FHA: Does NOT require trade lines
•Ø FHA: Can use down payment assistance.
•Ø FHA: As little as $7.00 out of … (0 comments)
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market news: FHA loosens up - 09/19/07 01:43 PM
OK< so I am sure that everyone is aware that the house past FHA Reform Bill 348-72 to increase the limit to $729,750 in certian high-cost areas and eliminating the down payment requirement. Want does this mean for realtors, title companies, lenders, and customer. In my view, it is a bail … (0 comments)
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market news: Today's ever changing market - 09/17/07 03:41 PM
I am not sure if you have ever read the book "Who moved my cheese" by Spencer Johnson, MD but in there he talks of the 4 mice and the fact that there is change and we either follow the change or we don't. In today's market, this has to be … (0 comments)
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market news: Understanding the Sub-Prime Market Changes - 09/15/07 08:12 AM
… (2 comments)
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market news: Stocks Rise after Countrywide secures needed Financing - 09/13/07 03:18 PM
More Countrywide Spectator news. Seems that we active rainers are not the only people watching the fate of Countrywide. This article on Yahoo shows how stocks rose today after Countrywide announced that it had received a needed $12 Billion in credit.
The saga continues - too bad I'm not a betting person!
Here is … (3 comments)
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market news: Feds announce FHASecure Initiative - 09/07/07 01:58 PM
Bush Administration Announces FHASecure Initiative to Assist Homeowners
On Friday, August 31, 2007, President George W. Bush announced a new Federal Housing Administration ("FHA") initiative - FHASecure - that will assist nearly one-quarter of a million homeowners refinance and keep their homes. FHASecure is a temporary program (all loan applications must be … (2 comments)
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market news: Market - 08/23/07 06:26 PM
It's important to note that the hoopla over mortgage-market issues is confined to the so-called non-conforming mortgage market. The credit market's concerns began with subprime mortgages, where liberal underwriting fostered the current credit-quality crisis. Those concerns have now spread to jumbo and alt-A mortgages, which -- being non-conforming loans -- suffer … (4 comments)
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market news: National Bank of Arizona is Shutting its wholesale operation - 08/21/07 12:49 PM
Here is a different twist to the Adapting Mortgage Market (I refuse to call it Mortgage Meltdown Look at my previous post) Bank of Arizona is Shutting down their Wholesale Division and keeping their retail division open. Below is a email I got from them today
"Due to continued uncertain market conditions, effective … (0 comments)
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market news: Sacramento Real Estate Market -- Bulls, Bears, and Shapeshifters - 08/19/07 02:44 PM
Back in the early stages of the nationwide and Sacramento real estate market correction (or, depending on your point of view: "downturn", "collapse", or "debacle"), a few of the folks who read the bubble blogs chided me for being too bullish on the market. At the time I argued with some … (5 comments)
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market news: Best And Worst U.S. Housing Markets - 08/19/07 10:42 AM
According to the real estate feature Best And Worst U.S. Housing Markets on Forbes.com national housing prices have continued to slide since last quarter, dropping over 1.5% over last year, according to the latest report submited by the National Association of Realtors. However, there is good news, nearly two-thirds of the … (2 comments)
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market news: Oahu, Hawaii and the Current Real Estate Market - 08/18/07 07:07 PM
The Real Estate Market on Oahu, Hawaii
By: David Kucic (RA) GRI, ABR, e-PRO
What is really going on? Why are homes staying on the market longer than usual? What happened to the real estate market that made everyone excited about purchasing a property a little over a year ago?
The truth of the … (7 comments)
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market news: Sussex County Housing Figures through July 2007 - 08/16/07 05:01 AM
Residential Sales - All TypesMarket Absorption Rate July 200717.24(7+ = Buyers Market)
Prior Month's Figures May Be Adjusted.Information obtained from the Garden State Multiple Listing ServiceInformation deemed reliable subject to errors and omissions.
… (1 comments)
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market news: Essex County Housing Figures for July 2007 - 08/16/07 04:59 AM
Residential Sales - All Types
Market Absorption Rate July 20079.56(7+ = Buyers Market)
Prior Month's Figures May Be Adjusted.Information obtained from the Garden State Multiple Listing ServiceInformation deemed reliable subject to errors and omissions.
… (0 comments)
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market news: Passaic County Housing Figures for July 2007 - 08/16/07 04:57 AM
Residential Sales - All Types
Market Absorption Rate July 200710.56(7+ = Buyers Market)
Prior Month's Figures May Be Adjusted.Information obtained from the Garden State Multiple Listing ServiceInformation deemed reliable subject to errors and omissions.
… (0 comments)
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market news: Bergen County Condominiums (Townhouses) Housing Figures - July - 08/16/07 04:55 AM
Condominiums (Townhouses)
Market Absorption Rate July 20078.3(7+ = Buyers Market)
Prior Month's Figures May Be Adjusted.Information obtained from the New Jersey Multiple Listing ServiceInformation deemed reliable subject to errors and omissions.
… (0 comments)
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market news: As we get in to the dog-days of summer, the temperature isn’t the only thing heating up - 08/09/07 06:23 AM
The stock market had a strong surge on Tuesday fueled by positive inflation news and an increase in personal spending according to the Associated Press. The National Association of Realtors announced Wednesday that the Pending Home Sale Index saw a 5 percent increase in June, the largest monthly gain in more … (0 comments)
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market news: Lancaster PA Home Sales - July 2007 Market Report - 08/08/07 11:11 AM
According to the Lancaster County Association of Realtors, July 2007 was a relatively great month for home sales.
The monthly sales recap released today states that 539 Homes sold in July, down only 2.4% from July 2006 (552). The average sale price did break the record at $205,545 - pretty high … (5 comments)
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market news: AEGIS - is out for loans! - 08/07/07 02:14 PM
Some people may be scrambling to get their deals done after the recent news. Check out the latest info on Aegis.
SAN FRANCISCO (MarketWatch) Units of Cerberus Capital Management LP and National City Corp. stopped taking home loan applications on Monday, becoming the latest to be hit by turmoil in the mortgage market. … (1 comments)
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market news: San Antonio summer market report - 08/05/07 06:07 PM
San Antonio is still in great shape, stabilizing after two banner years. It is turning into a "normal" market, with fewer buyers and more homes for sale; resale sales were 17% less in June 2007 than a year earlier. The inventory is up by 72% in the same time period. Many … (2 comments)
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market news: Most Affordable U.S. Real Estate Markets - 08/02/07 04:27 PM
According to a recent article: Most Affordable U.S. Real Estate Markets on Forbes.com, if you're not struggling with mortgage payments or constantly checking out options to refinances, there is a good possibility that you live in an affordable U.S. real estate market. Affordability was calculated based on the ratio of median … (2 comments)
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market news: Orange County CA Real Estate – July 2007 Foreclosure Report - 08/01/07 04:42 PM
By Namneet Dhaliwal, Realtor
August 1, 2007
July 2007 marks as the worst month for notices of default and trustee sales in past 12 months. There were total of 1800 homes owners who got these notices. Although a small margin of error is possible due to some duplication.
Majority of these homeowners may … (0 comments)
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market news: Sussex County Housing Figures through June 2007 - 07/25/07 08:37 PM
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