Real estate professionals rank higher than lawyers, business executives, and advertising practitioners when it comes to the public’s perceptions of honesty and ethics, according to a recent Gallup poll. read more...
Thursday, May 31, 2012
Wednesday, May 30, 2012
Is Home Ownership
Is Home Ownership Still the American Dream?
In the aftermath of the housing crisis, some analysts are questioning whether the public still considers home ownership to be part of the American dream.
But the home ownership dream is still alive, according to several recent surveys. For example, a recently released survey by Woodrow Wilson Center found that the majority of Americans rated the importance of home ownership on a personal level at 10 out of 10. read more...
But the home ownership dream is still alive, according to several recent surveys. For example, a recently released survey by Woodrow Wilson Center found that the majority of Americans rated the importance of home ownership on a personal level at 10 out of 10. read more...
Monday, May 28, 2012
Market Stabilizing?
Market Stabilizing?
Home Inventories Fall by Nearly 20%
Home inventories of for-sale listings continue to fall, which may help raise overall housing prices as demand picks up. Inventory of for-sale single-family homes, condos, townhouses, and co-ops dropped by 18.85 percent in April compared to a year ago, according to housing data of 146 metro markets tracked by REALTOR.com Read more
Friday, May 25, 2012
Daily Real Estate News
Daily Real Estate News
Home Prices Begin to Bounce Back
The Federal Housing Finance Agency reported that nationwide home prices posted their first gain in the first quarter since 2007. While the gain was modest at 0.6 percent, housing experts note it’s still another sign that the housing market is gaining momentum. Read more:
Thursday, May 24, 2012
Foreclosed Home Owners
Foreclosed Home Owners Find a Way to Buy Again
Once-foreclosed home owners are slowly making a comeback in the housing market as some lenders give them a second chance at home ownership.
After defaulting on their home loans or doing a short sale on their previous homes in recent years, some home owners have found a way to buy again, Reuters News reports.
The Federal Housing Agency is the main way paving a comeback for these former home owners to buy again, according to Reuters’ interviews with lenders and real estate professionals. FHA loans can be an option for some who defaulted on their mortgage or did a short sale. FHA borrowers usually need a credit score of at least 620 and a 3.5 percent down payment, which are lower requirements than most conventional mortgages. Read more
After defaulting on their home loans or doing a short sale on their previous homes in recent years, some home owners have found a way to buy again, Reuters News reports.
The Federal Housing Agency is the main way paving a comeback for these former home owners to buy again, according to Reuters’ interviews with lenders and real estate professionals. FHA loans can be an option for some who defaulted on their mortgage or did a short sale. FHA borrowers usually need a credit score of at least 620 and a 3.5 percent down payment, which are lower requirements than most conventional mortgages. Read more
Wednesday, May 23, 2012
New Loan Products
New Loan Products From Utah Housing Corp
Salt Lake Realtor PODCAST May 14th, 2012. Deon Spilker, Director of Mortgage Banking at the Utah Housing Corporation recently spoke at the Salt Lake Board of Realtors Housing Fair
Salt Lake Realtor PODCAST May 14th, 2012. Deon Spilker, Director of Mortgage Banking at the Utah Housing Corporation recently spoke at the Salt Lake Board of Realtors Housing Fair
Monday, May 21, 2012
Median Home Prices Rise in April:
Median Home Prices Rise in April:
By: Tory Barringer: The RE/MAX National Housing Report found that the national median home price rose for the third straight month in April, indicating that the housing recovery in 2012 is continuing.
The report surveyed 53 metropolitan areas and found that the median home price was $161,000, 3.2 percent higher than in March and 5.9 percent higher than in April 2011. February marked the first time in 18 months that home prices experienced an increase, and data from March and April shows a positive trend.
The report surveyed 53 metropolitan areas and found that the median home price was $161,000, 3.2 percent higher than in March and 5.9 percent higher than in April 2011. February marked the first time in 18 months that home prices experienced an increase, and data from March and April shows a positive trend.
Data revealed that of the 53 metro areas surveyed, 43 saw an increase in median home prices over last year, and 12 of those saw double-digit percentage increases.
Friday, May 18, 2012
Week After Week,
Week After Week,Rates Continue to Break Record-Low Numbers
By: Esther Cho
Just when it seemed like they could not fall any further, fixed-rate mortgages continued to drop, breaking record-low numbers once again, according to Freddie Mac’s weekly mortgage market survey.
“The European debt crisis overshadowed improving economic indicators for the U.S. and allowed Treasury bond yields and fixed mortgage rates to ease for another week,” said Frank Nothaft, VP and chief economist for Freddie Mac.
By: Esther Cho
Just when it seemed like they could not fall any further, fixed-rate mortgages continued to drop, breaking record-low numbers once again, according to Freddie Mac’s weekly mortgage market survey.“The European debt crisis overshadowed improving economic indicators for the U.S. and allowed Treasury bond yields and fixed mortgage rates to ease for another week,” said Frank Nothaft, VP and chief economist for Freddie Mac.
The 30-year fixed-rate mortgage averaged 3.79 percent (0.7 point) for the week ending May 17, slipping from last week’s average of 3.83 percent. Last year at this time, the 30-year rate was 4.61 percent.
Thursday, May 17, 2012
Markets Stabilize
Markets Stabilize Home Prices Rise in Half of U.S. Cities as Markets Stabilize
Prices for single-family homes climbed in half of U.S. cities in the first quarter as real estate markets stabilized.
The median sales price increased from a year earlier in 74 of 146 metropolitan areas measured, the National Association of Realtors said in a report today. In the fourth quarter, only 29 areas had gains.
The U.S. housing market is showing signs of bottoming as improving employment and record-low mortgage rates boost demand while inventories of available properties tighten. At the end of March, 2.37 million previously owned homes were available for sale, 22 percent fewer than a year earlier, the Realtors said. Read more
Prices for single-family homes climbed in half of U.S. cities in the first quarter as real estate markets stabilized.
The median sales price increased from a year earlier in 74 of 146 metropolitan areas measured, the National Association of Realtors said in a report today. In the fourth quarter, only 29 areas had gains.
The U.S. housing market is showing signs of bottoming as improving employment and record-low mortgage rates boost demand while inventories of available properties tighten. At the end of March, 2.37 million previously owned homes were available for sale, 22 percent fewer than a year earlier, the Realtors said. Read more
Wednesday, May 16, 2012
Gaps Persist in Americans
Gaps Persist in Americans Credit Knowledge
The majority of Americans don’t fully understand how credit scores are formulated, according to a survey released by the Consumer Federation of America. That gap in knowledge can cost them when applying for a mortgage too.
While the survey showed a big improvement in the last year in the number of Americans knowledgeable about credit and how companies collect credit information on them, Americans overall still don’t fully understand how credit scores are calculated or used. to read more click on the link above....
While the survey showed a big improvement in the last year in the number of Americans knowledgeable about credit and how companies collect credit information on them, Americans overall still don’t fully understand how credit scores are calculated or used. to read more click on the link above....
Tuesday, May 15, 2012
Helping Your Clients Achieve The Dream:
Helping Your Clients Achieve The Dream: New Loan Products From Utah Housing Corp.
You have to watch and listen because the new product is not lonly for first time home buys but 2 time buyers. Along with this some of the credit scores have lowered to 620.
SO PLEASE WATCH THIS VIDEO.
Your Dream Home could just mean picking up the phone and talking to someone about this program.
The American Dream is still alive.
You have to watch and listen because the new product is not lonly for first time home buys but 2 time buyers. Along with this some of the credit scores have lowered to 620.
SO PLEASE WATCH THIS VIDEO.
Your Dream Home could just mean picking up the phone and talking to someone about this program.
The American Dream is still alive.
Monday, May 14, 2012
Double-Digit Price Increases Coming Soon?
Double-Digit Price Increases Coming Soon?
Home buyers and sellers need to get ready to pounce. Hard-hit housing markets are on the road to recovery and expected to see major price gains soon.
Some of the hardest-hit markets during the housing crisis — plagued by soaring foreclosures and plummeting home prices — are expected to post some of the biggest gains through 2013, according to a report released this week by Fiserv.
Home buyers and sellers need to get ready to pounce. Hard-hit housing markets are on the road to recovery and expected to see major price gains soon.
Some of the hardest-hit markets during the housing crisis — plagued by soaring foreclosures and plummeting home prices — are expected to post some of the biggest gains through 2013, according to a report released this week by Fiserv.
Saturday, May 12, 2012
Thousands of REALTORS
Thousands of REALTORS ® Ready for Housing Rally
It’s an election year, and real estate professionals from across the country want to make sure their voices are heard. More than 10,000 REALTORS® from coast to coast are expected to come together next week to show their support for home ownership in the nation’s capital
Friday, May 11, 2012
Home for Sale In West Valley City Utah
Home for Sale In West Valley City Utah
West Valley Home for Sale $150,900
Solid Brick home in great neighborhood with rare fine 3 Car Garage, newer roof, Furnace, Water Heater, Central Air. Detached Garage is over sized, room for workshop includes Heated, Air and hook ups for Welder
Thursday, May 10, 2012
Buying a Home Won't Get Much Cheaper
Buying a Home Won't Get Much Cheaper
By Les Christie
Buying a home may never get any cheaper than this. Several housing experts are predicting that this year will be the last chance for bargain hunters to cash in on the best deals of the weak housing market.
By Les Christie
Buying a home may never get any cheaper than this. Several housing experts are predicting that this year will be the last chance for bargain hunters to cash in on the best deals of the weak housing market.
Tuesday, May 8, 2012
Fannie Mae:
Fannie Mae:
Americans continue to expect home prices to go up, with the projection averaging 1.3 percent over the next 12 months, the highest value recorded.
At 71 percent, a high percentage of Americans still say it is a good time to buy while the percentage who said it is a good time to sell was 15 percent, a 1 point increase from March.
“Overall, consumer views of housing market conditions have become more supportive of home purchases, and sustained healthy hiring is required to help realize these improved expectations,” said Doug Duncan, Fannie Mae chief economist.
Confidence in Economy and Home Values Increasing
Both the expectation for home prices and the percentage of those who think the U.S. economy is on the right path reached record highs in Fannie Mae’s April 2012 National Housing Survey.Americans continue to expect home prices to go up, with the projection averaging 1.3 percent over the next 12 months, the highest value recorded.
At 71 percent, a high percentage of Americans still say it is a good time to buy while the percentage who said it is a good time to sell was 15 percent, a 1 point increase from March.
“Overall, consumer views of housing market conditions have become more supportive of home purchases, and sustained healthy hiring is required to help realize these improved expectations,” said Doug Duncan, Fannie Mae chief economist.
Eagle Mountain: http://bit.ly/IVGb1h
One more Happy Buyer, visit his 3400 sq ft home on 1.21 acres with great mountain views.
Sunday, May 6, 2012
Home Buying Gets Another
Home Buying Gets Another Boost in Affordability
Daily Real Estate News | Friday, May 04, 2012
For home buyers or refinancers, borrowing costs for home ownership just got a little cheaper as mortgage rates took another dip to new all-time record lows this week, Freddie Mac reports in its weekly mortgage market survey.
Daily Real Estate News | Friday, May 04, 2012
For home buyers or refinancers, borrowing costs for home ownership just got a little cheaper as mortgage rates took another dip to new all-time record lows this week, Freddie Mac reports in its weekly mortgage market survey.
Thursday, May 3, 2012
Green Homes
Green Homes Increase Market Share
Remodeling and construction of single-family homes to make them more green continues to grow as more attention is placed on the benefits of going green for energy efficiency savings and better indoor quality, a new study shows.
In the construction market, the green home market share has grown to 17 percent in 2011. That percentage is expected to rise to 29 percent to 38 percent by 2016, according to a new report by McGraw-Hill Construction, “SmartMarket Report: New and Remodeled Green Homes: Transforming the Residential Market.”
According to the report, the two key forces driving the green growth: Green homes are often viewed as higher quality and can potentially save consumers money on utility costs.
'In the current residential market, there is an enormous need to differentiate your homes for consumers,' says Harvey Bernstein, vice president of Industry Insights and Alliances at McGraw-Hill Construction. 'When builders are able to offer homes that not only are green but also offer the combination of higher quality and better value, they have a major competitive edge over those building traditional homes.'
In the past, builders have cited higher upfront costs as a roadblock to building green. However, the survey found that a much lower percentage of builders view that as an obstacle now than in 2008.
The report was produced by McGraw-Hill Construction, in conjunction with the National Association of Home Builders and Waste Management.
In the construction market, the green home market share has grown to 17 percent in 2011. That percentage is expected to rise to 29 percent to 38 percent by 2016, according to a new report by McGraw-Hill Construction, “SmartMarket Report: New and Remodeled Green Homes: Transforming the Residential Market.”
According to the report, the two key forces driving the green growth: Green homes are often viewed as higher quality and can potentially save consumers money on utility costs.
'In the current residential market, there is an enormous need to differentiate your homes for consumers,' says Harvey Bernstein, vice president of Industry Insights and Alliances at McGraw-Hill Construction. 'When builders are able to offer homes that not only are green but also offer the combination of higher quality and better value, they have a major competitive edge over those building traditional homes.'
In the past, builders have cited higher upfront costs as a roadblock to building green. However, the survey found that a much lower percentage of builders view that as an obstacle now than in 2008.
The report was produced by McGraw-Hill Construction, in conjunction with the National Association of Home Builders and Waste Management.
Wednesday, May 2, 2012
Boom Towns:
Boom Towns: 7 Fastest-Growing Cities
In compiling its list of America’s fastest-growing cities, Forbes.com analyzed the 100 largest metro areas and reviewed projections for each city’s economic and population growth, median income, unemployment rates, and employment growth.
In compiling its list of America’s fastest-growing cities, Forbes.com analyzed the 100 largest metro areas and reviewed projections for each city’s economic and population growth, median income, unemployment rates, and employment growth.
Tuesday, May 1, 2012
REO Prices Increase
Fair Market Prices Drop While Home Values Overall Stabilize
By: Esther Cho: According to data from Clear Capital, over the last year, REO prices have increased 5.5 percent, while fair market prices dropped 2.9 percent. The real estate data provider explained that demand for REOs is most likely causing the increase in prices and named Carrington Holding Company, Amherst Securities Group, and Waypoint Financial as examples of investors purchasing single-family REOs with the purpose of converting them into rental properties.
“There has been quite a bit of buzz in the housing industry surrounding turning REOs into rentals. Our data suggests early activity from these programs could be starting to take effect, with national REO-only home price gains on a price per square foot basis vastly outpacing fair market prices on a national level,” said Dr. Alex Villacorta, director of research and analytics at Clear Capital.
According to data from the Census Bureau, rental vacancy rates have also seen a steep decline, with the rate at 8.8 percent in the 2012 first quarter, a significant decline from the 2010 first quarter, when the vacancy rate was 10.6 percent.
By: Esther Cho: According to data from Clear Capital, over the last year, REO prices have increased 5.5 percent, while fair market prices dropped 2.9 percent. The real estate data provider explained that demand for REOs is most likely causing the increase in prices and named Carrington Holding Company, Amherst Securities Group, and Waypoint Financial as examples of investors purchasing single-family REOs with the purpose of converting them into rental properties.
“There has been quite a bit of buzz in the housing industry surrounding turning REOs into rentals. Our data suggests early activity from these programs could be starting to take effect, with national REO-only home price gains on a price per square foot basis vastly outpacing fair market prices on a national level,” said Dr. Alex Villacorta, director of research and analytics at Clear Capital.
According to data from the Census Bureau, rental vacancy rates have also seen a steep decline, with the rate at 8.8 percent in the 2012 first quarter, a significant decline from the 2010 first quarter, when the vacancy rate was 10.6 percent.
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