Eid Mubarak to Muslims around the World!
Monday, August 29, 2011
Friday, August 26, 2011
Forget the market. Buy a house
Some financial advisers are recommending their clients put some of their cash into buying a
house.
http://blogs.smartmoney.com/advice/2011/08/18/forget-the-market-buy-a-house/
Wednesday, August 24, 2011
Housing Slump? Not in These Markets!
http://realtormag.realtor.org/daily-news/2011/08/24/housing-slump-not-in-thes...
Home prices may be sluggish in some areas of the country but not every city is seeing a sag in prices. California cities overwhelmingly dominated the list of priciest median home prices.....
Friday, August 19, 2011
DEAL OF THE MONTH!
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Housing Affordability at Highest in 20 Years
Housing affordability continued to be near record highs in the second quarter, hovering near its highest level in the 20-plus years it has been recorded, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index.
http://realtormag.realtor.org/daily-news/2011/08/19/housing-affordability-highest-in-20-years
Thursday, August 18, 2011
Shadow Inventory Falls, Expected to Continue
"In conjunction with stable liquidation rates, we believe these are positive signs that the amount of time it will take to clear this 'shadow inventory' should continue to decline over the next year," S&P analysts said.
http://realtormag.realtor.org/daily-news/2011/08/18/shadow-inventory-falls-ex...
Thursday, August 11, 2011
Housing affordability up in California with home price decline
Fifty-one percent of California households could afford a single-family home priced at the median, according to the California Assn. of Realtors. That was an increase from 46% during the same period last year, when buyer tax credits fueled the market and pushed up prices. Affordability decreased from the prior quarter, but that was due to seasonal variations that pushed up prices.
http://latimesblogs.latimes.com/money_co/2011/08/housing-affordability-up-in-...
How to Raise a Credit Score
A good credit score is crucial for getting approved for a mortgage. So how can your customers improve their credit score? Here are a few tips recently featured in an article at RISMedia:
Check reports to ensure accuracy. First, your customers want to make sure they aren’t getting penalized by a low score that is a mistake. They can get a free copy of their three major credit reports at annualcreditreport.com, a government-authorized Web site. Credit bureaus are required to investigate any mistakes you bring to their attention. “Typically, they ask the creditor that reported the past-due information to check its records. If the creditor can’t verify the info or doesn’t respond, the item should be deleted,” the article notes.
Always pay bills on time. Paying bills on time is critical for a good credit score. Your payment history comprises more than one-third of the typical credit-score determination, says Liz Weston, author of “Your Credit Score.”
Keep accounts open. Don’t close old credit card accounts, even ones you’re not using. It’ll reduce the amount of available credit and can actually lower your credit score.
Get more tips and a handout to download to give to your customers: What You Can Do to Improve Your Credit Score.
What Would You Do About Foreclosures?
The Obama administration seeks to turn the federal government’s swelling inventory of foreclosed homes — now estimated at 250,000 — into rental properties that could be managed by private enterprises or sold in bulk. But they want to hear your ideas on how it’ll work.
The Federal Housing Finance Agency, the Department of Housing and Urban Development, and the Treasury Department are soliciting ideas for sales, partnership ventures, or other strategies that would help it clear the high inventory of foreclosed properties owned by Fannie Mae, Freddie Mac, and the Federal Housing Administration own.
The government seeks ideas on how to unload about 250,000 foreclosed properties owned by the entities —
Read the complete article HERE
Wednesday, August 10, 2011
Fed to Keep Interest Rates Low Until 2013
The Fed said it’ll keep its key benchmark interest rate near zero through mid-2013. The Fed’s commitment was welcome news to many in the real estate industry who see it as a positive move for the housing industry, allowing buyers more time to take advantage of ultra low mortgage rates.
http://realtormag.realtor.org/daily-news/2011/08/10/fed-vows-keep-interest-ra...
Friday, August 5, 2011
Mortgage Rates Reach Record Lows
Mortgage rates dropped sharply this week, possibly improving the purchasing power of many home buyers. The 30-year fixed-rate mortgage, the most popular choice among buyers, averaged 4.39 percent this week, its lowest average for 2011, Freddie Mac reported in its weekly mortgage market survey. The 15-year fixed-rate mortgage and the 5-year adjustable rate-mortgage also both reached new historical record lows.
Rates mostly dropped across the board amid signs of a weakening economy, Freddie Mac says.
http://realtormag.realtor.org/daily-news/2011/08/05/mortgage-rates-reach-reco...
Thursday, August 4, 2011
A GEM ON THE MARKET!
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Wednesday, August 3, 2011
Mortgage Applications Jump 7%
Mortgage applications were on the move up last week, with loan application volume soaring 7.1 percent last week over the previous week, the Mortgage Bankers Association reports.
http://realtormag.realtor.org/daily-news/2011/08/03/mortgage-applications-jump-7
Monday, August 1, 2011
Banks have a new remedy to America's ailing housing market: Bulldozers.
There are nearly 1.7 million homes in the U.S. in some state of foreclosure. Banks already own some of these homes and will soon have repossessed many more. Many housing economists worry that near constant stream of home sales from banks could keep housing prices down for years to come. But what if some of those homes never hit the market.
Increasingly, it appears banks are
Click HERE to read the complete article.
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