Category: Sales

Mexican Drug Money Fuels Cash Purchases

By Mike Colpitts Mexican drug cartels have slowly moved money out of banks and other hiding places and into U.S. real estate investments. Federal investigators are hunting for people investing billions of dollars of drug money in the U.S. real estate market, including huge sums of cash in Florida, Texas and California. Cash purchases fuel… Continue reading Mexican Drug Money Fuels Cash Purchases

Effort to Block Bulk Wholesale Home Sales Launched

By Mike Colpitts An effort to block the bulk wholesale home sales of foreclosed property held by Freddie Mac and Fannie Mae to investors at cheaply discounted prices is being launched by an unlikely member of Congress, a Californian Republican. Rep. Gary Miller, a 14-year GOP incumbent in a battle to retain his House seat… Continue reading Effort to Block Bulk Wholesale Home Sales Launched

Proposal to Speed up Home Sales Made

A proposal that would require banks to inform secondary lenders that a short sale is being attempted by homeowners has been made to speed up the process, which homeowners have been complaining about for years. The proposal, introduced in Congress by House Rep. Jerry McNerney (D-CA) would require second mortgage holders and lenders with lines… Continue reading Proposal to Speed up Home Sales Made

Mortgage Activity Hits 3 Year High

By Mike Colpitts The lowest mortgage rates in history pushed refinancing to a three year high as consumers cashed in on lower loan payments, according to the Mortgage Bankers  Association survey, which accounts for 75% of all U.S. home loan activity. The bankers’ market composite index, however, rose just 0.9% as purchase money mortgages increased… Continue reading Mortgage Activity Hits 3 Year High

Home Price Appreciation Jumps 2.5% for Year

By Mike Colpitts For the fourth straight month home values have increased in appreciation across the U.S., according to real estate research firm CoreLogic. Prices increased 2.5% in June compared to a year ago in the 100 largest metro areas the company tracks. On a month-over-month basis, including foreclosure and short sales, home price appreciation… Continue reading Home Price Appreciation Jumps 2.5% for Year

Recovery Heads to Higher Home Prices

By Ryan Jackson The U.S. housing recovery is moving into higher priced home markets as technology and newer industries pave the way for the nation’s future economic growth. The trend also demonstrates how some major cities that were once heavily populated are unlikely to recover much at all. The real estate crash has left huge… Continue reading Recovery Heads to Higher Home Prices

Olympic Foreclosure May Aid Others

By Mike Colpitts Olympic gold medal swimmer Ryan Lochte’s parents are facing foreclosure on their Florida home. But in this day an age of modern technology, some good may come out of it with a real estate website that is offering free help to other homeowners in the same situation. The website, Real Estate Investing… Continue reading Olympic Foreclosure May Aid Others

Olympics Trigger Huge Boom, But Little in Home Values

By Ryan Jackson Six cities that hosted the Olympics in the last quarter century have experienced huge construction booms with new projects needed to house the games, but the majority found little appreciation in home values or other property inflation following the games. In fact, three of six Olympic cities, including Los Angeles and Atlanta… Continue reading Olympics Trigger Huge Boom, But Little in Home Values

Higher Prices May Produce Trouble Bubble

By Ryan Jackson Higher home prices being paid in some U.S. cities could lead to troublesome isolated bubbles, according to new research. Strong demand for homes in three of the nation’s hardest hit states are pushing up housing prices more quickly than might be sustainable. Driven by record low mortgage rates, sales are improving at… Continue reading Higher Prices May Produce Trouble Bubble