Propelled by low mortgage rates, home sales are beginning to improve in Rhode Island almost five years after the real estate market collapsed. The growing sale of homes is being driven by a combination of lower home prices, low interest rates and housing affordability. Housing prices have been falling since the market hit its peak… Continue reading 2012 Rhode Island Housing Market
Category: 2012 Housing Market
2012 Minnesota Housing Market
A reduction in distressed home sales, especially foreclosures is sending Minnesota housing markets into a recovery sooner than most of the rest of the U.S. An increase in drastically discounted real estate sales, however, with banks in short sales, in which homeowners sell for less than what they owe on their mortgages are helping to… Continue reading 2012 Minnesota Housing Market
Record Low Mortgage Rates Hit
By Mike Colpitts Despite a tight lending market, mortgage rates hit an all time record low reaching an average of 3.87% on the 30-year fixed rate loan, according to Freddie Mac. The rate broke the record average of just 3.88% struck two weeks ago. Rates fell as a result of sluggish consumer demand for home… Continue reading Record Low Mortgage Rates Hit
Time Running Out for Short Sales
By Mike Colpitts Time may be running out for homeowners hoping to do a short sale on their home and not get hit with a big federal tax bill because they had to walk away from their mortgage. The Mortgage Forgiveness Debt Relief Act approved by Congress is scheduled to expire at the end of… Continue reading Time Running Out for Short Sales
2012 South Dakota Housing Market
While the U.S. housing market is in the shambles in most of the country, South Dakota provides a rare place in Americana. Home values in all of the state are rising and good old conservative lending practices are driving the increase with mortgage interest rates that are the lowest in decades. In Rapid City homes… Continue reading 2012 South Dakota Housing Market
2012 Colorado Housing Market
Home sales are picking up in Colorado as lower home prices and mortgage rates drive more buyers into the housing market. The rise in sales will eventually lead to higher prices paid for homes and other properties, but as the region struggles with the economic fallout of the financial crisis the recovery isn’t expected to… Continue reading 2012 Colorado Housing Market
2012 Washington Housing Market
Statistics don’t capture the reality of people being dislocated and the lives that are massively changed as a result of the real estate crash. But housing market forecasts do provide a guide-post for people to understand where we are in the cycle. And if you are in Washington state or thinking about relocating there, you… Continue reading 2012 Washington Housing Market
2012 Utah Housing Market
Bulging home sales driven by near record low mortgage rates, better employment levels than many other states and the lowest home prices in years are beginning to pressure home values in Utah. Average home prices are forecast to appreciate by the end of the year. Five years after the housing bubble burst, the Utah housing… Continue reading 2012 Utah Housing Market
2012 North Carolina Housing Market
Despite a hike in the unemployment rate in the middle of summer and other economic woes, North Carolina’s housing markets are demonstrating major signs of improvement and are now forecast to experience appreciation by years end. Record low mortgage rates coupled with lower home prices and better prospects for economic growth are the driving forces.… Continue reading 2012 North Carolina Housing Market
Banks Mortgage Settlement Hangs in Jeopardy
By Kevin Chiu A proposed settlement between big money mortgage giants and U.S. states hangs in jeopardy after Delaware rejected the settlement as an unfair deal for homeowners. State Attorney General Beau Biden broke with fellow AGs rejecting the settlement. The proposed settlement between the attorney generals would dedicate $17-billion from lenders to go towards… Continue reading Banks Mortgage Settlement Hangs in Jeopardy