Once the home of wild Hippie partying, America’s richest home market is making a come back in luxury housing sales. Marin County, California just north of the scenic Golden Gate bridge is America’s richest housing market based on highest average net worth and it’s seeing a revival in luxury home sales. As Marin rebounds from… Continue reading America’s Richest Home Market Rebounds
Mortgages Rates Drop Lower
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
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
Worst Housing Markets in 2010
Government stimulus money coupled with lower home prices and near record low mortgage rates are driving a rebound in home sales in the majority of the hardest hit housing markets. The Worst 25 forecast housing markets are still projected to deflate in value over the rest of 2010, but not at the rapid pace of… Continue reading Worst Housing Markets in 2010
Title Insurance Policies Show Housing Market Improving
The cost of insuring the title to real estate is declining as a result of falling home prices, according to the largest trade organization of title officers. But the American Land Title Association says a rise in title insurance policies show housing markets are improving. The industry trade group reported a 4.5% decrease in the… Continue reading Title Insurance Policies Show Housing Market Improving
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
Real Estate Mortgage Rates Lowest in Year as Refinances Surge
Real estate mortgage rates dropped to the lowest level in a year to below 5%, according to Freddie Mac’s mortgage market survey. A 30-year conventional rate home mortgage was just seven-one-hundredths of a point higher than a year ago driving a surge in refinances. Refinances increased to 57.7% of applications, marking more than an 8%… Continue reading Real Estate Mortgage Rates Lowest in Year as Refinances Surge
Bank Foreclosures Set New High Record
Formal bank foreclosures of residential properties hit a new monthly high in April with more than 92,000 being taken back by lenders. The figure marks a new threshold in the foreclosure crisis, topping the previous month by just one percent, but represents a 45% increase in foreclosures over a year ago, according to Realty Trac.… Continue reading Bank Foreclosures Set New High Record
Real Estate Rewards Mortgage Rescue Program Hands Out $86 Million
By Mike Colpitts A mortgage rescue program intended to save under water mortgage holders from defaulting on mortgages has offered $86-million in real estate rewards to homeowners since launching. The private company program implemented by Loan Value Group, a New Jersey based firm has helped more than 1,000 mortgage borrowers in its first four months… Continue reading Real Estate Rewards Mortgage Rescue Program Hands Out $86 Million