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17 Articles match "Prices","Real Estate","Residential"
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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
National Registration For Loan Officers Becomes Reality
But the real story is different: Mandatory registration will potentially allow mortgage investors worldwide to rank loan officer performance — and to refuse deals from those with high levels of foreclosures and delinquencies. Seen another way, the new law makes mortgage lending more transparent, something which will reduce foreclosure rates, cut lender losses and make mortgages more enticing to investors worldwide. “Across the country we carefully license real estate brokers, lawyers and doctors,” says James J. National Registration For Loan Officers Becomes Reality By Peter G.
www.realtytrac.com
- Tuesday, February 3, 2009
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Glossary of Foreclosure and Real Estate Terminology - Realtytrac
Million Foreclosures
www.realtytrac.com
- Tuesday, February 3, 2009
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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 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 OFHEO reports that prices fell 3.1 percent between Q1 2007 and Q1 2008 to the lowest level seen in the 17-year history of
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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As Home Prices Plummet, When Will You Buy?
Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the S&P/Case-Shiller Home Price Index released today. Prices in those metro areas were down 19.5 quot; Las Vegas and Phoenix posted the percent from their peak in July 2006. "There quot;There are signs of a slow down in the rate of decline across the metro areas, but no evidence of a bottom," said David M.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Buying Bank-Owned REOs at the Auction - RealtyTrac
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. The increased presence of lender-owned homes in the market — known in the banking industry as REOs, for "real estate owned" — is fallout from the recent real estate boom that marked the first half of this decade.
www.realtytrac.com
- Tuesday, February 3, 2009
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Waning Confidence a Concern That May Help Foreclosures
That question is: “What IF housing prices plummet?” If housing prices plummeted like they did back in the early 1990s, the loan-to-value ratio on many mortgages might force homeowners into foreclosure, providing new opportunities for real estate investors, speculators, real estate agents and anyone looking to buy a home from the foreclosure pipeline. Declining numbers are being felt across the board in residential building permits, housing starts (projected to be down 10 percent for 2006 and Economics 401 – Effects of a housing ‘slump’? When James L.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Housing glut gives foreclosure buyers and investors advantage
Home prices and sales plunge Sales of existing single-family homes declined in 40 states and in half of the nation’s biggest metropolitan areas in the last three months of 2006, according to the National Association of Realtors . million vacant homes await buyers In addition to weaker sales and declining prices, a record number of homes are sitting vacant awaiting buyers. Storm clouds are gathering over the nation’s battered housing market. Depending on whom you ask, the forecast calls for either thunderstorms or gale force hurricane winds.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Will Homeowners Sink or Swim?
And prices of existing homes fell in August for the first time in 11 years as sales dipped to their lowest level since early 2004, according to the National Association of Realtors . The next big wave of news may be a true real-estate slump, as hundreds of billions in adjustable-rate mortgages reset, making it even more difficult for homeowners in depressed markets to meet higher monthly payments. 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
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Short sales rising
Short sales occur when home prices fall and mortgage debt exceeds the value of the property. While short sales remain a small segment of the residential real estate market, the increase bears watching for investors, buyers and real estate agents. For investors and home buyers, purchasing properties at this discounted price can be a great money making opportunity. Scanning the Southern California Multiple Listing Service (MLS) last week, the one thing that stands out is the growing number of short sales. Last year, you rarely saw the phrase “short
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Forecasters Change Housing Estimates for '07/'08
The drop in residential construction is steeper and over a longer time than many analysts had predicted. The worst of the downward national housing price spiral is not over,” said economist and Chapman President James Doti in a press release distributed Tuesday . “Our Our forecast calls for housing prices to decline around 5 percent before relatively strong job growth helps to bring about a recovery by late 2008.” The nation’s housing market is not cooperating the way analysts at the A. Gary Anderson Center for Economic Research at Chapman University in Orange, Calif.,
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Immediate Relief Nowhere to Be Found
According to its latest report released Tuesday, Standard & Poor’s said home prices across the nation continued to fall in April 2008, with prices in all 20 metro areas it studies for the S&P/Case-Shiller Home Price Indices showing annual declines. Adding more insult to injury, the Commerce Department came out with its May report of new residential home sales on Wednesday, revealing a 2.5 Three top indices of economic health in the U.S. came out with negative reports this month, supporting the notion that the nation’s inventory of available properties
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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