By Kevin Chiu Home buyers are making multiple offers to purchase homes that are short sales in rising numbers as they grow impatient with the drawn out short sale process with banks, and mortgage servicing companies. The long waits and other obstacles have taken the excitement out of the home buying experience for first time… Continue reading Home Buyers Making Multiple Offers
Category: Buying
Local Banks May Hold Recovery Key
By Mike Colpitts The banks that didn’t get the U.S. into the financial crisis may be the avenue to help the housing market, according to the National Association of Realtors president. Local community banks may hold the key to the nation’s future for home mortgage lending. “Buyers may be able to find more favorable credit… Continue reading Local Banks May Hold Recovery Key
Low Mortgage Rates Drive Few to Buy
By Mike Colpitts Mortgage rates are at near record lows again for the first time since last October when rates hit an all-time record low, but the lower rates seem to be doing little other than driving some homeowners to refinance their mortgages. Built up anxiety over troubles with the U. S. economy, consumer debt… Continue reading Low Mortgage Rates Drive Few to Buy
Real Estate Broker Pleads Guilty in Straw Buyer Scheme
By Mike Colpitts A former real estate broker pled guilty to fraud charges in relationship to a mortgage scheme that involved more than $12 million in mortgages, straw borrowers that operated over a course of seven years and real estate investors. The plea was entered after federal prosecutors worked out a deal with Alexander O.… Continue reading Real Estate Broker Pleads Guilty in Straw Buyer Scheme
Home Prices Rising in Dakotas, Alaska, Texas
By Mike Colpitts In places where jobs are more plentiful and workers are in demand local economies are doing much better than the majority of the U.S. and many housing markets are beginning to even see home prices rise. North Dakota, which now produces the fourth largest amount of oil in the country, Alaska and… Continue reading Home Prices Rising in Dakotas, Alaska, Texas
Home Sales Decline Slightly in April
By Kevin Chiu Home sales declined slightly in April, despite favorable home buying conditions, falling just 0.8% to a seasonally adjusted rate of 5.05 million units annually, but are still nearly 13% off the pace of last year when the home buyer tax credit was in effect, according to the National Association of Realtors. Existing… Continue reading Home Sales Decline Slightly in April
Best Time to Steal Real Estate
By Kevin Chiu How many times have you heard there isn’t a better time to buy real estate than now? Drummed up by the real estate industry, it’s as old and trite a saying as we get over decades of propaganda. But with prices at lows that haven’t been seen in more than a decade… Continue reading Best Time to Steal Real Estate
Being Frugal Buying a Home
By Kim Olson Can you really be frugal buying a home? Especially when it comes to being a little tight in order to make a profit these days? Turns out you can, but you have to have a plan before you sign the dotted line. When it comes to buying a home if you want… Continue reading Being Frugal Buying a Home
New Homebuilders Brighter Future
By Kim Olson With the real estate market soft many homebuilders, especially large corporate homebuilders are still struggling. Real estate analysts say that the recovery will continue to be slow through 2011, and may in fact be a bit longer. Inventory of newly built homes is still high, with pending and closed sales down. Prices… Continue reading New Homebuilders Brighter Future
Baby Boomers Help Kids Buy Homes
By Kiesha Joseph Baby Boomers, the generation of Americans who are now between 45 and 66, are excited to be helping their children purchase homes. Born between 1946 and 1965, boomers have been a driving force in the U.S. economy for more than 30 years. Boomers are using what they’ve earned over the years to… Continue reading Baby Boomers Help Kids Buy Homes