By Mike Colpitts Vacation home sales are climbing for the first time since the real estate collapse. In some cases, condominium prices are also soaring in some of the largest second home markets in the U.S., including once hard hit Miami and Las Vegas, where cash buyers make up the majority of purchases. The surge… Continue reading Vacation Home Sales Surge
Category: Housing Market
Company Beating Thieves to Homes
By Ryan Jackson An innovative company is beating thieves by preventing vacant homes from being ripped-off with sophisticated technology plus gaining a foothold in the security business as it uses the advanced technologies its developed to secure homes. VPS entered the Las Vegas housing market to sell its services since the region is regarded as… Continue reading Company Beating Thieves to Homes
2012 Oregon Housing Market
Oregon´s real estate market is projected to slightly underperform throughout 2013 compared to the United States in general. By the end of the year, Oregon home prices are expected to dip 0.95 percent. That´s compared an average increase of 0.17 percent in U.S. home prices. Meanwhile, Arizona´s home prices are expected to increase the most… Continue reading 2012 Oregon Housing Market
Bottom of Your Housing Market Hits
By Mike Colpitts Despite the troubled U.S. economy, some cities housing markets are hitting the bottom after nearly six years in the doldrums. Cities from the Corn Belt in Nebraska to Miami are experiencing upturns in home and condominium sales and higher prices. But not everywhere will experience the bottom of the market at the… Continue reading Bottom of Your Housing Market Hits
More Than Half of Homeowners Can’t Move
More than half of all homeowners with a mortgage are unable to move or make a change in their housing situation as a direct result of being underwater on a mortgage, according to a new Housing Predictor survey. Some 54% of those surveyed online said they were halted from making a move. The other 46%… Continue reading More Than Half of Homeowners Can’t Move
Home Sales Fall Two Straight Months
By Mike Colpitts Home sales fell for the second month in a row in March, despite unseasonably warm weather and record low mortgage rates, according to the National Association of Realtors. Existing home sales, which include single family residences, condominiums and townhouses declined 2.6% to a seasonally adjusted rate of 4.48 million. However, the number… Continue reading Home Sales Fall Two Straight Months
US Economic Fear Sends Mortgage Rates Lower
By Mike Colpitts Fear over the U.S. economy and European debt woes sent mortgage rates to all-time record low levels this week as the benchmark 30-year fixed rate loan hit 3.84%. The previous record low was set in early February at 3.87%, according to Freddie Mac. Growing fears over the health of the economy sent… Continue reading US Economic Fear Sends Mortgage Rates Lower
Real Estate Roller Coaster Rides into Spring
By Mike Colpitts The roller coaster ride in the U.S. real estate market got more evidence of continuing as the new home builder index for single family homes declined for the first time in seven months in April, according to the National Association of Home Builders-Wells Fargo index. The home builders index declined three notches… Continue reading Real Estate Roller Coaster Rides into Spring
More Than Half of Homeowners Can’t Move
More than half of all homeowners with a mortgage are unable to move or make a change in their housing situation as a direct result of being underwater on a mortgage, according to a new Housing Predictor survey. Some 54% of those surveyed online said they were halted from making a move. The other 46%… Continue reading More Than Half of Homeowners Can’t Move
Mortgage Rates Ease Lower
By Mike Colpitts Uncertainty over the U.S. economy and lower rates paid to investors on U.S. Treasuries sent mortgage rates lower for the week, hitting 3.88% on a 30-year fixed rate mortgage, which is just one basis point off of its all-time record low, according to Freddie Mac. Rates have now been under 4% for… Continue reading Mortgage Rates Ease Lower