By Kim Olson The real estate industry is in a slump especially when it comes to homeowners who are trying to sell their own homes, but beginning this year the investment sector of the housing market showed a major upturn with 19% of residential purchases being made by investors, according to the National Association of… Continue reading Real Estate Investors Picking Up Deals
Mortgage Applications Rise Slightly
Mortgage applications for refinances and home purchases rose slightly for the week as the up and down spiral of the real estate recovery demonstrated its bumpy ride, according to the Mortgage Bankers Association. The leading index of mortgage applications in the U.S. moved a minor 2.7% higher during the week. The rise in applications came… Continue reading Mortgage Applications Rise Slightly
Homeowners Protest Paying Credit Cards Before Mortgages
By Mike Colpitts Homeowners are fed-up and they are protesting by the way they are paying their bills. A growing volume of homeowners are paying credit card bills before making payments on their mortgages, according to a new study by Trans Union credit reporting agency. It’s a trend that has been widely reported over the… Continue reading Homeowners Protest Paying Credit Cards Before Mortgages
Home Purchases Move Higher
By Kevin Chiu New home purchases moved higher for the week as indicated by an increase in mortgage applications, while refinances dropped, according to the Mortgage Bankers Association. The seasonally adjusted purchase index had a 6.7% rise to its highest level of the year as warmer spring time weather made it more comfortable for home… Continue reading Home Purchases Move Higher
Fannie Mae and Freddie Mac to Stay
By Mike Colpitts The thought of Congress wiping out two major institutions like Fannie Mae and Freddie Mac even over a long period of years is mind-boggling. It’s extraordinarily rare when government giants fall, and you can bet your last dollar that it’s not going to be when Congress is being beaten like a dead… Continue reading Fannie Mae and Freddie Mac to Stay
Shadow Inventory Falls 200,000 Homes
By Mike Colpitts The inventory of U.S. homes that have not yet been foreclosed but are in financial jeopardy recognized as the shadow inventory has declined by 200,000, according to real estate research firm Core Logic. The current residential shadow inventory is 1.8-million units, which represents a nine months supply of inventory at present sales… Continue reading Shadow Inventory Falls 200,000 Homes
Questions to Ask on Refinancing a Mortgage
If you are thinking about refinancing your existing mortgage, you may be wondering what refinancing questions to ask your mortgage lender. While there are a number of questions to ask when refinancing, there are a few points you will want to be perfectly clear on before committing to a refinance. Knowing what to ask when… Continue reading Questions to Ask on Refinancing a Mortgage
Vacation Home Sales Surge Higher
By Mike Colpitts In a sign that the housing market is finally making a major move in a positive direction, vacation home markets, some of the most battered in the real estate downturn, are making a surge higher in many of the hardest hit areas of the nation. Condominium sales in Hawaii and Florida are… Continue reading Vacation Home Sales Surge Higher
Housing Watch Index Shows Improving Trends
By Kevin Chiu Starting today Housing Predictor debuts a new real estate index. Housing markets that make the new “Watch List” are being monitored closely for changing economic conditions in the near future as a result of at least two improving economic trends. Some of the markets on the list have already been forecast to… Continue reading Housing Watch Index Shows Improving Trends
Real Estate at Pennies on the Dollar
By Kevin Chiu California real estate investor Simon Volkov says stick it to the bank, and buy real estate at pennies on the dollar purchasing single family homes at wholesale prices. Volkov is a foreclosure and tax property note specialist, who urges investors to take advantage of the distress in the current marketplace to ring… Continue reading Real Estate at Pennies on the Dollar