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Real Estate Investor News
- Nearly half of all homes listed for sale in August had price cut
“..if a buyer hasn’t walked through the door in 30 to 45 days, a seller needs to lower their asking price. If a home hasn’t had an offer in six months, it’s time to rethink the - Why do Short Sales Take so Long to Close?
Daniel Manzano Many of us Real Estate industry professionals know that a Short Sale transaction can take months for it to be approved and closed. Nevertheless, we have had Short Sale approvals in les - Home Purchase Mortgage Applications Increase; still 40 percent below a year ago
Dennis Norman According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending September 3, 2010, the MBA Purchase Index (a measure of the volume of loan - The Five Best Places to Find Foreclosure Bargains
Dennis Norman When I first entered the real estate business in 1979, at the age of 18 which seems so long ago) foreclosures were a mystery to most people and certainly no one looking for a home to liv - New Rule Proposed to Protect Seniors Obtaining Reverse Mortgages
Dennis Norman Reverse mortgages have become increasingly popular over the past few years with seniors that find themselves with a large amount of equity in their home, but short on cash, or struggling - Foreclosures in July are 4th highest on record; delinquencies continue to decline
Dennis Norman A report published by Lender Processing Services (LPS) analyzing homeowner’s performance on their mortgages as of July 2010 shows that mortgage delinquencies continue to decline ho - Pending home sales rise in July; Down 19 percent from the year before
Dennis Norman After hitting all-time low in June, pending home sales increase 5.2 percent in July The National Association of REALTORS Pending Home Sales Index for July shows an increase of 5.2 perce - Mortgage Interest Rates Hit New Lows This Week; Refinancing Hits 15 Month Hig
Dennis Norman Interest rates dropped to new record lows this past week bring out existing homeowners to refinance their existing mortgages and even bringing out some homebuyers. According to the Mortg - Dueling Economists: Home Prices Up or Down?
Dennis Norman Naturally, no sooner than I finish writing my post this morning about the Case-Shiller report on home prices in which I actually got to report somewhat “positive” news, my bu - Report shows home prices up modestly over last year
Dennis Norman This morning S&P/Case-Shiller Index report for the 2nd quarter of 2010 was released showing that the home prices improved slightly over a year ago in 17 of the 20 Metro Area’s