Category: Statistics

U.S. Real Estate Market Rebound

Recovery Forecast Not Until 2011 The U.S. real estate market will take at least three years to recover from its massive slump and it won’t fully rebound from the mortgage mess until at least some time in 2011, Housing Predictor forecasts. Housing Predictor analysts forecast the overall U.S. economy will suffer from a recession as… Continue reading U.S. Real Estate Market Rebound

Selling Your Home in Today’s Market

By Christine Hardenberger Gleaming granite countertops, stainless steel appliances, slate tiled bathrooms, and jetted garden tubs. Upgrading your home to sell used to mean sinking big money into high-end kitchen and bathroom renovations. Upgraded kitchens and bathrooms sold homes. Now, renovating your kitchen or bathroom could cost you far more than you’ll ever make back… Continue reading Selling Your Home in Today’s Market

Homeowners Insurance Costs Soar

Propelled by massive pay-outs as a direct result of hurricane damage, Florida has the highest homeowners insurance premiums in the nation, according to a new industry study. The rise in policy costs account for more than a 10% increase in annual premiums. Other states are also experiencing large rate hikes. “Most homeowners over-pay for insurance… Continue reading Homeowners Insurance Costs Soar

Home Owners Trust Real Estate Agents

An over-whelming majority of U.S. home owners trust real estate agents to handle their property transactions and will use agents’ services again, a new Housing Predictor survey has found. The telephone survey of 511 homeowners scattered throughout the nation was conducted during the first two weeks of December at a time when the U.S. housing… Continue reading Home Owners Trust Real Estate Agents

Foreclosures Sell 32% Under Rest of Market

By Mike Colpitts Foreclosures or bank owned homes sold at an average discount of 32% below similar homes in the same neighborhood during the second quarter of the year, according to RealtyTrac. The price was two percent lower than a year ago. Foreclosure sales accounted for 23% of all U.S. residential sales during the second… Continue reading Foreclosures Sell 32% Under Rest of Market

Overwhelming Majority Favor Homeownership

By Mike Colpitts An overwhelming majority favor homeownership over renting despite the housing downturn, according to a new study. The results were found as part of a Fannie Mae survey that asked a variety of questions revolving homeownership and the economy. An astonishing 85% of respondants said they favor homeownership over renting based on the… Continue reading Overwhelming Majority Favor Homeownership

Mortgages Slow Despite Rate Drop

By Ryan Jackson A drop in mortgage rates did little to slow another decline in mortgage applications for the second straight week, according to the Mortgage Bankers Association. Home loan applications fell as interest borrowing rates on the 30-year fixed rate mortgage decreased to an average of 3.80% on fully executed mortgages. The drop in… Continue reading Mortgages Slow Despite Rate Drop

Overwhelming Majority Favor Homeownership

By Mike Colpitts An overwhelming majority favor homeownership over renting despite the housing downturn, according to a new study. The results were found as part of a Fannie Mae survey that asked a variety of questions revolving homeownership and the economy. An astonishing 85% of respondants said they favor homeownership over renting based on the… Continue reading Overwhelming Majority Favor Homeownership

Cash Home Sales Slowly Decline

By Mike Colpitts Cash home sales, which hit record highs as bargain hunting investors plunked down greenbacks to reach feverish levels have declined as the inventory of lower priced foreclosures evaporates in many U.S. regions. The drop in cash sales follows a steady decline in bank owned properties, despite government slowdowns determining how many homes… Continue reading Cash Home Sales Slowly Decline