10 Articles match "Buyer","Houses","Residential"

• The Best from RealtyTrac

  MORE

• Housing glut gives foreclosure buyers and investors advantage
  
  Storm clouds are gathering over the nation’s battered housing market. Fueling the latest concerns is a deluge of discouraging data in the housing sector. million vacant homes await buyers In addition to weaker sales and declining prices, a record number of homes are sitting vacant awaiting buyers. million empty houses were listed Depending on whom you ask, the forecast calls for either thunderstorms or gale force hurricane winds. Home prices and sales plunge Sales of existing single-family homes declined in 40 states and in half of the nation’s biggest metropolitan
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Forecasters Change Housing Estimates for '07/'08
  
  The nation’s housing market is not cooperating the way analysts at the A. The drop in residential construction is steeper and over a longer time than many analysts had predicted. Likewise, housing starts are forecasted to drop from their recent high in 2006 at 1.8 The worst of the downward national housing Gary Anderson Center for Economic Research at Chapman University in Orange, Calif., had hoped it would.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Buying Bank-Owned REOs at the Auction - RealtyTrac
  
  billion auction industry is residential real estate auctions, which jumped 12.5 When banks take back foreclosed-upon homes, they sometimes hire auction houses to unload properties. All properties are sold "as is" and prospective buyers should inspect the homes prior to the auction, so they know what they are bidding on. Buying Bank-Owned REOs at the Auction Search Properties | Free 7-Day Trial Thanks to a sharp rise in foreclosure filings nationwide, homebuyers and real estate investors are increasingly likely to encounter bank-owned properties that are for sale at real estate auctions.
  www.realtytrac.com - Tuesday, February 3, 2009
  READ MORE
• Home Price Indices Reporting Record Lows
  
  Home prices on existing single-family homes continued to sink further into the abyss nationally during the first quarter of 2008, according to two leading industry indicators. The Office of Federal Housing Enterprise Oversight (OFHEO) reported last week that prices fell 1.7 percent between Q1 2007 and Q1 2008 to the lowest level seen in the 17-year history of its purchase-only house price index. “These percent for the quarter, the largest quarterly price decline on record, based solely on purchase-only transactions (without refinancings). On a year-over-year basis the
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Will Homeowners Sink or Swim?
  
  But as the rising tide of mortgage debt grows, many of those homeowners will unfortunately sink, drowning in foreclosure red ink. For the thousands of homeowners who jumped into turbulent housing waters via these easy-to-qualify-for loans, they are now succumbing to a riptide of bad news. Earlier in the year, there was a lot of discussion about a “soft landing” for the residential real estate market. Many American homeowners — initially attracted to low teaser rates on those “exotic” ARMs and sub-prime loans — now find themselves swimming upstream in a desperate attempt to remain financially afloat.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• California Foreclosures 2007: Steady As She Goes
  
  Only a slight uptick in job creation throughout California is expected, along with low housing affordability, a larger inventory of unsold houses, declining home prices, lower sales volume and less residential construction. Even with interest rates remaining at or near historically low levels — thanks to the Federal Reserve — Esmael Adibi, director of the Anderson Center, is concerned about the resetting of mortgage rates on very risky adjustable-rate mortgages — particularly the interest-only and option loans home buyers have used to purchase more home than they could realistically
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Fannie: Q1 a Swift Kick in the Rear
  
  Fannie’s outlook for 2008 anticipates further weakness in the housing market that will lead to more delinquencies, defaults and foreclosures on mortgage loans and slower growth in U.S. residential mortgage debt for the year. In the end this translates into continued opportunity for patient home buyers and real estate investors to pick up some good deals on real property for at least It may have been created and chartered by the federal government, but Fannie Mae (the Federal National Mortgage Association) is first and foremost a private company responsible to shareholders for running at a profit.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• As Home Prices Plummet, When Will You Buy?
  
  quot;I think this time residential housing is in the 100-year flood, and I think it's going to take a long time to recover," said David Shulman, senior economist at the UCLA Anderson Forecast , at the Zelman & Associates Housing Summit in Dallas on Sept. Now, in 2009, or will you wait until 2020 when everyone has forgotten about this housing slump and is raving about skyrocketing home prices? Posted 09-30-2008 11:27 AM by darenb Filed under: Foreclosure Trends , Real Estate Trends
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Secrets of Pre-Foreclosure Investing
  
  McManus said the borrower got out of a painful situation, the bank got rid of a non-performing asset, and McManus bought a discounted house for pennies on the dollar. “Sometimes, Other times, we do lease-option deals, where the seller sells the house to you (the investor) and you lease it back to the seller.” Within an hour, we had made $8,000.” Buyer beware. Secrets of Pre-Foreclosure Investing By Octavio Nuiry, RealtyTrac Staff Writer    One pre-foreclosure expert says a new federal law will change everything, and short sales and short payoff sales will become the new trend in the marketplace.
  www.realtytrac.com - Tuesday, February 3, 2009
  READ MORE
• Option ARM Borrowers Running Out Of Time
  
  According to Fitch "the potential average payment increase on this recasting population is 63 percent, representing on average an additional $1,053 due each month on top of the current average payment of $1,672." You dont have to be a math major to figure out what will happen next: Huge numbers of option ARMs will fail in the next 24 to 30 months with results that will be devastating to borrowers, loan portfolios and local home values. How They Work Formally known as "payment option adjustable rate mortgages," option ARMs are the most complex residential loan products ever offered.
  www.realtytrac.com - Tuesday, February 3, 2009
  READ MORE