asheville real estate: New Home Sales a Solid Increase
- 05/06/10 02:05 AM
How fantastic to see a solid increase in home sales and a 27 percent increase is a very good indication that it may stick around. All though the effect did not influence an increase in home values if sales continue to increase and inventory depletes we could see prices stabilize. Sales of new homes rose 27 percent in March compared to February, the U.S. Commerce Department announced Friday. It was the largest monthly increase since April 1963, when sales jumped 31.2 percent. In addition, the National Association of REALTORS® reported last week that sales of previously owned homes rose 6.8 percent. … (1 comments)
asheville real estate: Delinquency Rate Takes a Notable Dip
- 04/16/10 07:41 AM
Tougher lending standards, mortgage modification efforts and a more stable job market, economists say have contributed to the first decline in the delinquency rate since the first quarter of 2006. The percentage of delinquent mortgages declined to 6.57 percent in the first quarter from 6.60 in the last quarter of 2009, according to Equifax and Moody’s Economy.com. I believe the biggest reason is because banks are working with their Clients trying to stay out of ownership or foreclosure. The new Short Sale Rules that became effective April 5th is a good indication that lenders want to work with home owners. My … (0 comments)
asheville real estate: Delinquency Rate Takes a Notable Dip
- 04/16/10 07:38 AM
Tougher lending standards, mortgage modification efforts and a more stable job market, economists say have contributed to the first decline in the delinquency rate since the first quarter of 2006. The percentage of delinquent mortgages declined to 6.57 percent in the first quarter from 6.60 in the last quarter of 2009, according to Equifax and Moody’s Economy.com. I believe the biggest reason is because banks are working with their Clients trying to stay out of ownership or foreclosure. The new Short Sale Rules that became effective April 5th is a good indication that lenders want to work with home owners. My … (0 comments)
asheville real estate: Is Your Home Value Effected by Foreclosures?
- 04/12/10 01:38 AM
Over the last several months housing prices fell slightly, dipping 0.4 percent from December on a non-seasonally adjusted basis. However for the remainder of this year I wonder what the high foreclosure rate will do to home prices. Most likely if you live in neighborhoods that have a high rate of foreclosures there is a good chance it will. http://bit.ly/aL6bol … (0 comments)
asheville real estate: Could it be true that pending sales are up?
- 04/09/10 05:20 AM
Based on the most recent report from NAR it seems there may be some promising increases in Home sales. I personally would like to see three months straight to get a comfortable feel of what is really going on but I am encouraged to see that February nationally looks good. Pending home sales rose in February, potentially signaling a second surge of home sales in response to the homebuyer tax credit, according to the National Association of REALTORS®. http://bit.ly/aL6bol … (0 comments)
asheville real estate: Is Recession ending in 2010, In North Carolina?
- 03/22/10 07:25 AM
All indications is showing that real estate is improving. I'm seeing my web site enjoying more activity, the phone is ringing and the experts seem to think the economy is going to enjoy an upswing in North Carolina. I hope this is true in other areas as it will help us all. Is Recession ending in 2010, In North Carolina? The N.C. economy should grow 3.5 percent in 2010, the first year of growth following two years of decline. Seven of the state’s 11 economic sectors are forecast to see output increases during the year. The sectors with the strongest growth … (0 comments)
asheville real estate: Don't Raise Down Payments on FHA Loans
- 03/17/10 05:22 AM
If FHA raises the down payment on FHA loans I believe this would be a big mistake. I like some of their other ideas but frankly increasing anything right now would be a mistake. As Congress considers various ways to put FHA on sounder financial footing, FHA Commissioner David Stevens warned that now is not the time to raise the down payment requirement on a Federal Housing Administration loan. Congress has been considering various ways to put FHA on a sounder financial footing. Besides increasing the down payment requirement, another suggestion under discussion is raising the upfront mortgage insurance premium to … (1 comments)
asheville real estate: Can we stop Home Owners from Walking!
- 03/13/10 01:00 AM
Can we stop Home Owners from Walking! U.S. banks are looking at how to ease terms for distressed homeowners on home-equity loans and other second-lien mortgages. Too many people are walking away from their homes because they owe more than it is worth. Real Estate will come back but I believe the consumer has lost confidence in it and are concerned it will take too long to ketchup. http://bit.ly/aL6bol … (6 comments)
asheville real estate: Homeowners to Sell at a Loss and get Paid!
- 03/09/10 12:58 AM
The Obama administration has been working to keep defaulting owners in their homes and now paying some of them to leave. This new program starting in April, will allow owners to sell for less than they owe and will give them cash to speed them on their way, is one of the administration’s most aggressive attempts to grapple with a problem that has defied solutions. I think there will be many loop holes to look at here. For example the home owner takes out a second loan goes on a vacation, pays off other depts and then goes to a Short … (2 comments)
asheville real estate: Foreclosures are the way!
- 02/16/10 01:13 PM
It is estimated that only 1/3 of the houses which are going to be foreclosed on in the US have occurred. That leaves 2/3 of the foreclosures yet to take place. It is doubtful whether mortgage companies will be able to accumulate a massive amount of houses; therefore, short sales will be the future market in real estate. So it would seem the Brokers that are willing to further their education will be able to serve their clients better about foreclosures. … (1 comments)
asheville real estate: IS IT REALLY GETTNG BETTER?
- 02/01/10 07:54 AM
I believe these are all good signs and will be setting a good foundation for an upswing in real estate. Once unemployment starts going down we will be well on out way. The United States economy grew at its fastest pace in years at the end of 2009, even as businesses resisted hiring and continued to do more with less. In addition, the growth rate was the fastest since the third quarter of 2003, when the economy grew at a rate of 6.9 percent. Gross domestic product (G.D.P.) is equal to the market value of goods and services produced by labor … (4 comments)
asheville real estate: Less than 4 months left for tax credit!
- 01/20/10 01:54 AM
Home Buyers have less than four months to take advantage of the U.S. Homebuyer Tax Credit you must be under contract by the April 30 deadline. In November, Congress extended the tax credit and amended it to include some repeat buyers in hopes of securing a more sustained real estate upswing. However, the narrow window suggests none of us should count on another extension. As the new deadline looms, first-timers who were excluded from the $8,000 credit by the old income limits will be looking to join the action, too. We cannot count on any extensions this time so this is … (2 comments)
asheville real estate: More Home Owners Walk Away on Purpose
- 12/22/09 11:54 PM
They are leaving the deal behind not because they can’t pay but because they don’t want to. A study by researchers at Northwestern University and the University of Chicago concludes that as many as 25 percent of defaults are driven by strategy, not necessity. I’m surprised that the percentage is not higher. The government is trying to help those that want to save their home but many do not want the help. When I was in Real Estate in Florida Buyers where paying crazy prices for homes and resold them months later for thousands more. Now that real estate has turned … (3 comments)
asheville real estate: 2010 Turn Around Yes or No
- 11/26/09 11:51 PM
Home sales and new home construction, at least according to the Fed, are likely to stimulate the economy in 2010. Feds are predicting that housing sales will jump by 11 percent, even in the face of a slow recovery for the economy as a whole. With home sales surging for the second month in a row in October, climbing to the highest level in over two years as first-time buyers rushed to take advantage of what was expected to be an expiring tax credit. Home sales nationwide are now up nearly 36 percent from their bottom in January. I find all … (6 comments)
asheville real estate: Log Cabin in the woods a cup of Coffee and a view of Cold Mountain
- 11/23/09 01:30 AM
Just look at the pictures can you believe the view of Cold Mountain along with the other mountain tops. This log cabins interior is accented with beautiful pine, wood burning fireplace, large loft, 3 bathrooms lots of room for family and guests also includes an open island kitchen large dining area and the best part is the wraparound patio that you can relax sip on a cup of coffee and take in the incredible views. http://bit.ly/7eEULu … (0 comments)
asheville real estate: First-Time Homebuyers Lead the Way
- 11/21/09 12:57 AM
The first-time home buyers seemed to be taking advantage of the tax credit with 47 percent of all Americans who purchased homes this year had not owned a home during the previous three years. In areas that seem to be catering to the second home buyer like Western North Carolina I do not believe has seen that kind of growth. The credit was recently extended through the middle of 2010 and expanded to include many existing homeowners. Now that is exciting and the fact that existing homeowners may take advantage of a tax break could help real estate in 2010. Cross … (0 comments)
How fantastic to see a solid increase in home sales and a 27 percent increase is a very good indication that it may stick around. All though the effect did not influence an increase in home values if sales continue to increase and inventory depletes we could see prices stabilize. Sales of new homes rose 27 percent in March compared to February, the U.S. Commerce Department announced Friday. It was the largest monthly increase since April 1963, when sales jumped 31.2 percent. In addition, the National Association of REALTORS® reported last week that sales of previously owned homes rose 6.8 percent. … (1 comments)
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