Mortgage rates dropped this week another seven-one-hundredths of a point to an average of 4.84% down from last week on a conventional 30-year home mortgage, according to Freddie Mac. The national average was just two-one-hundredths of a point above year ago near record low interest rates. Mortgage rates have hovered at or below the 5%… Continue reading Mortgages Rates Drop Lower
Category: Sales
Pricing Your Home for Sale
Shelve your defensiveness when it comes to pricing your home for sale. Judgments about the value of your home are not about you. They are about the looks, bricks and sticks and location of the home you are getting ready to sell and most importantly current market conditions. You need to stay as dispassionate as… Continue reading Pricing Your Home for Sale
Selling and Saying Goodbye to a Home
Selling your home and saying goodbye can be a difficult experience, especially when it’s combined with upheaval, which is often the case these days. The formalities and procedures can be frustrating and intimidating. Like many sellers, you might also be wrestling with bittersweet memories and assorted “goodbyes.” In fact, your feelings can range from eagerness… Continue reading Selling and Saying Goodbye to a Home
White House Considers Free Money
By Mike Colpitts Weighing its political options, the Obama administration is carefully considering recommendations of Housing Finance Agencies in four states to reduce mortgage principal of homeowners at risk of foreclosure. The proposals made to the White House could act as a magic bullet to aid in the recovery of the nation’s housing markets, giving… Continue reading White House Considers Free Money
Majority Intend to Buy Real Estate Soon
Almost 2 out of 3 respondents to the latest Housing Predictor opinion poll say they plan on buying a home or other real estate in the next two years, apparently feeling that the bottom of the housing market is falling into place. The large majority of respondents feel more confident about real estate values rising… Continue reading Majority Intend to Buy Real Estate Soon
Short Sale Housing Plan in Jeopardy
A new program added to the arsenal of plans by the White House to help homeowners at risk of foreclosure may be in jeopardy even before it gets off the ground. The short sale plan, implemented this week lacks enforcement powers to require bankers to cooperate and sell homes at a loss. “There’s not enough… Continue reading Short Sale Housing Plan in Jeopardy
Home Sales Decline Slightly
Sales of existing homes fell slightly in February for the third month in a row, according to the National Association of Realtors. The drop was only 0.6 percent nationally to a seasonally adjusted rate of 5.02-million units. The decline in home sales demonstrates the slowdown in the housing market persists, despite government programs to re-ignite… Continue reading Home Sales Decline Slightly
Worst is Over as Housing Deflation Peaks
Despite an on-coming wave of foreclosures, the worst is behind the majority of U.S. housing markets, according to a new assessment by Housing Predictor. Real estate deflation has been the worst in three states, topping 75% in the hardest hit markets of the country. But it has begun to slow as a result of a… Continue reading Worst is Over as Housing Deflation Peaks
Negotiating a Short Sale with Success
Negotiating a successful short sale with a bank on a home or other real estate may be a grueling task that could take months to achieve. But as foreclosures increase bankers seem more willing to negotiate to make a deal work – in some cases. There are a series of pitfalls along the way that… Continue reading Negotiating a Short Sale with Success
Buying Ugly Houses
“We Buy Ugly Houses” has become the slogan of a franchise company that buys homes in distress. For more than 20 years Home Vestors has been getting homeowners out of trouble on their homes, buying more than 40,000 houses through its network of franchises. But the company best known for its’ television advertising campaigns reaching… Continue reading Buying Ugly Houses