By Mike Colpitts Cash buyers are putting undue downward pressure on home prices, and sending the values on homes much lower than would otherwise be developing, according to a survey by Campbell Inside Mortgage Finance. The firms Housing Pulse Tracking Survey is taken monthly. The December survey also showed that many of the purchasers are… Continue reading Cash Buyers Pushing Home Prices Lower
Category: Sales
Real Estate Sales Jump to End Year Higher
By Mike Colpitts The year ended with a bang in real estate as existing home sales jumped 5% in December to end 2011 with the third straight month of higher sales, according to the National Association of Realtors. Low mortgage rates and lower home prices pushed sales to a seasonally adjusted rate of 4.61 million… Continue reading Real Estate Sales Jump to End Year Higher
Home Sales to Soar in 2012
By Mike Colpitts Home sales are already picking up in many areas of the U.S. and are forecast to increase even more in 2012 as pent-up buyer demand plays a critical roll in the housing market recovery. Improving market conditions in the Mid-West and Upper Northern regions of the country are expected to spread into… Continue reading Home Sales to Soar in 2012
Home Sales Jump Two Straight Months
By Kevin Chiu Home sales jumped for the second month in a row in November, increasing 4% after rising almost half as much the previous month, according to the National Association of Realtors. The jump in sales accounts for an annual adjusted rate of 4.42 million existing homes sales. The rise also accounts for a… Continue reading Home Sales Jump Two Straight Months
Actor Dennis Quaid Sells Home
Actor Dennis Quaid finally sold his Pacific Palisades, California estate for $9.5-million. The Hollywood star sold the home because he’s been spending more time in Texas, where his family resides full time in between making movies. Back in 1999 when Quaid purchased the property for $1.8-million it comprised a three bedroom, three bathroom home. The… Continue reading Actor Dennis Quaid Sells Home
Selling LA Renewed for Second Season
By Kevin Chiu Selling LA, a TV show featuring luxury estates throughout the richest areas of Los Angeles has been renewed for a second season on Home and Garden Television. Real estate broker Valerie Fitzgerald, the star of the dazzling show will be joined by other members of her team as the weekly show shines… Continue reading Selling LA Renewed for Second Season
Home Sales Over Reported By National Association of Realtors
By Mike Colpitts Home sales were over reported by more than 14% for a four year period by the National Association of Realtors, the organization admitted today. The alarming drop in the association’s existing sale figures came as no surprise to many local members, who had said the national association was over reporting sales for… Continue reading Home Sales Over Reported By National Association of Realtors
Mortgage Rates Hit New Lows
By Mike Colpitts Lower rates paid for U.S. Treasury bonds sent mortgage rates to their lowest levels in more than two months, driving the fixed 30-year mortgage to reach its lowest level in history since early October, and the 15-year fixed loan to another record low, according to Freddie Mac. The 30-year loan averaged 3.94%… Continue reading Mortgage Rates Hit New Lows
Mortgage Rates Set New Record Low
By Mike Colpitts Mortgage rates set a new record low hitting an average of 3.91% on a fixed 30-year loan, according to Freddie Mac. Rates on the shorter term 15-year fixed mortgage remained at the same record level as last week. Rates on the benchmark 30-year mortgage have been at or below 4.00% for eight… Continue reading Mortgage Rates Set New Record Low
Homeowner Insurance Guide
By Erika Stewart Home insurance is important to insure that property is protected in the event of emergencies like natural disasters, fires, and even over liability issues like a friend or visitor falling and hurting themselves. Having homeowner insurance protects not only the home but its occupants and their possessions. However, not all home insurance… Continue reading Homeowner Insurance Guide