Housing Index Shows Upward Trend

By Mike Colpitts Home prices declined an average of less than one-percent in the U.S. on a year to year basis through the end of March, according to a heavily watched housing price index indicating an upward trend for the marketplace. The CoreLogic index showed that prices were down 0.6% from one year ago, including… Continue reading Housing Index Shows Upward Trend

Pest Problems Bug Homeowners Early

By Ryan Jackson An over-whelming majority of homeowners are experiencing pest problems as a result of warmer weather in much of the U.S., according to a new study. Nearly half had problems with ants, while other bugs, including spiders and flies were most common. The study was conducted by Home Team Pest Defense, the third… Continue reading Pest Problems Bug Homeowners Early

Home Purchases Jump Two Weeks

By Mike Colpitts Led by a jump in conventional mortgage applications, home purchases rose for the second week in a row signaling a positive turn for the U.S. housing market, according to the Mortgage Bankers Association weekly index. Pushed by record all-time low mortgage rates, buyers turned out to take advantage of the historically low… Continue reading Home Purchases Jump Two Weeks

Home Remodeling Out Paces Purchases

By Mike Colpitts Home remodeling is out-pacing home purchases as homeowners plan on staying put longer than they have in past years, according to a new poll by the National Association of Remodeling Industry organization. An over-whelming number of respondents to the poll said they plan on staying in their current homes at least five… Continue reading Home Remodeling Out Paces Purchases

Recovery Pushes Foreclosures Lower 3 Months

By Mike Colpitts In a sign the U.S. housing market is on the road to recovery, foreclosures dropped for the third month in a row in April, despite a traceable increase in repossessions along the eastern U.S. coast. Initial notices of default were filed against 188,780 residential properties, the lowest since July 2007. Final bank… Continue reading Recovery Pushes Foreclosures Lower 3 Months

Mortgage Modifications Drop One-Third

By Mike Colpitts Mortgage modifications for troubled homeowners seeking to reduce payments dropped nearly a third during the first quarter of the year, according to the independent alliance of mortgage servicers, investors and non-profit credit counselors, Hope Now. The steep drop in modifications represented 31% less than the same quarter a year earlier, with 207,000… Continue reading Mortgage Modifications Drop One-Third

Former SEC Prosecutor Opens Investigation on REITs

By Mike Colpitts A former Security and Exchange Commission (SEC) prosecutor is launching an aggressive investigation into Real Estate Investment Trusts to recoup millions of dollars in losses for investors, who say they have been misled by investment brokers. Fort Lauderdale attorney David R. Chase has launched inquiries on behalf of investors in REITs throughout… Continue reading Former SEC Prosecutor Opens Investigation on REITs

Company Beating Thieves to Homes

By Ryan Jackson An innovative company is beating thieves by preventing vacant homes from being ripped-off with sophisticated technology plus gaining a foothold in the security business as it uses the advanced technologies its developed to secure homes. VPS entered the Las Vegas housing market to sell its services since the region is regarded as… Continue reading Company Beating Thieves to Homes

2012 Oregon Housing Market

Oregon´s real estate market is projected to slightly underperform throughout 2013 compared to the United States in general. By the end of the year, Oregon home prices are expected to dip 0.95 percent. That´s compared an average increase of 0.17 percent in U.S. home prices. Meanwhile, Arizona´s home prices are expected to increase the most… Continue reading 2012 Oregon Housing Market