Mortgage applications for refinance activity rose in the past week as mortgage rates continue to remain at historic lows, but applications for home purchases did not change, according to Mortgage Bankers Association. Broadly speaking, home purchase applications have been trending sideways throug
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02/08/2012
Private equity firms are jumping into distressed housing as the U.S. government plans to market 200,000 foreclosed homes as rentals to speed up the economic recovery. GTIS Partners will spend $1 billion by 2016 acquiring single-family homes to manage as rentals, Thomas Shapiro, the fund’s founder
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02/08/2012
By AMY HOAK A majority of Americans recently surveyed say now is a good time to buy a home. That's no surprise, given that record-low mortgage interest rates and bargain home prices are boosting affordability. But selling a home? That's a different story. According to 71% of the 1,000 people surv
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02/08/2012
Realtors Confidence Index survey reports that investors continue to make up a significant share of the existing home sales. Prices in some markets are reported to have declined over the past three years to a point where investors can obtain a positive cash flow after making modest improvements. A
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02/07/2012
Mortgage rates across the board are at historic lows. Everything, from 1-year adjustable rates to 30-year fixed rates, is lower now than it ever has been in most people’s experience. However, there are gaps to consider. The 15-year mortgage is at 3.2 percent while the 30-year can be obtained at
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02/05/2012
Breaking down the components, the wages of everyone combined grew by 0.4 percent while small business income grew by 0.1 percent. Dividend and rental income grew at a healthy pace by better than 1 percent over a single month. Compared to a year ago Personal Income is higher by 3.8 percent. The s
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02/05/2012
Repeat buyers accounted for 63 percent of the home buying market in the last year according to the most recent Profile of Home Buyers and Sellers. The typical age of the current repeat buyer is now 53-years-old, up substantially from 41 years reported in 2001. Repeat buyers who are aged 35 to 44
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02/05/2012
Aside from the pending home sales index, which declined modestly in December, following a good showing in the previous month, two separate housing data were out today. The number of people submitting mortgage applications for a home purchase fell 5 percent in the latest week. Despite the week-t
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02/05/2012
The typical seller tenure in home from 2001 to 2008 was 6 years. In 2009, the median years the seller stayed in the home edged up to 7 years. In 2011, the typical seller sold their home after owning it after 9 years. Sellers who owned their home for 11 to 15 years, rose from a low of only 10 per
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02/05/2012
Real estate is a business based on relationships and trust between the client and the agent. From the most recent Profile of Home Buyers and Sellers, we know that 41 percent of recent home buyers found their agent through a referral from a friend, neighbor or relative and 9 percent of buyers use
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02/05/2012
