Housing Crisis

Housing Crisis Didn’t Scare Americans Off Home Ownership

Daily Real Estate News | Friday, June 08, 2012 

 

Seventy-five percent of Americans still aspire to own a home and consider home ownership a major life goal, according to a new poll of non-home owners aged 22 to 50 conducted by Integra Realty Resources, an independent real estate valuation firm.

Despite a housing crisis that saw housing prices drop in many markets, Americans’ enthusiasm for home ownership hasn’t lessened, according to the study.

The survey found that non-home owners under the age of 30 are even more positive about home ownership than older buyers: Forty-seven percent of respondents under 30 say owning a home is very important, compared to 41 percent of respondents over the age of 30.read more

April marked the first rise in Utah's median home

April marked the first rise in Utah's median home

'Reductions in supply, expectations that home prices will rise, and changing attitudes toward foreclosures are contributing to the increased demand, especially among owner-occupants.

April marked the first rise in Utah's median home price in four years. See these statistics and more Utah housing data in this week's Podcast Connection. click on link to see how prices are moving up in Utah:

Zillow:

Zillow: Home Values See Highest Monthly Increase Since 2006  

According to the April Zillow Real Estate Market Reports, national home values rose 0.7 percent in April to a Zillow Home Value Index of $147,300. This is the largest monthly increase in home values since January 2006, and it makes April the second month in a row in which home values climbed up.

Looking for a Great Deal?

Looking for a Great Deal?

See what our Buyers are purchasing in today’s Market!

'Reductions in supply, expectations that home prices will rise, and changing attitudes toward foreclosures are contributing to the increased demand, especially among owner-occupants.

You don’t have to compete with buyers on foreclosures or short sales there are still great deals in “RESALE”.

Look at what buyers are purchasing with out competing with three to four offers on foreclosures or waiting for responses on short sales.

FHFA: Q1 2012 HARP Refinances Double from Q4 2011

FHFA: Q1 2012 HARP Refinances Double from Q4 2011
By: Tory Barringer06/01/2012
The number of loans refinanced through HARP in the first quarter of 2012 was nearly double the number of refinances in the fourth quarter of 2011, according to the Federal Housing Finance Agency’s (FHFA) March 2012 Refinance Report released Friday.

The report showed that 180,185 loans were refinanced through HARP during the year’s first quarter, nearly twice the 93,190 refinances in the previous quarter. The month of March alone saw 79,470 loans refinanced with HARP, and nearly one in seven loan refinances in the quarter were done through program.

6 Ways to Spruce Up a Home With Staging

6 Ways to Spruce Up a Home With Staging

Daily Real Estate News | Friday, June 01, 2012

Studies have suggested that staged homes sell faster, and as such, more sellers may be willing to give it a try.

So what are some staging ideas for sprucing up a property? Thomas Rouse, a design producer at “Extreme Makeover: Home Edition,” offered the following tips in a recent article in The Wall Street Journal.

Home Affordability Pushed Higher as Rates Fall

Home Affordability Pushed Higher as Rates Fall

Daily Real Estate News | Friday, June 01, 2012

For the fifth week, fixed-rate mortgages reached new all-time lows. The 15-year fixed-rate mortgage dipped below 3 percent, settling into uncharted territory, according to Freddie Mac’s weekly mortgage market survey. Thirty-year fixed-rate mortgages also reached new record lows, continuing to stay under 4 percent and pushing home buyer affordability even higher.