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Home sales that were in some stage of foreclosure or bank owned accounted for 26% of all U.S. home sales during the first three months of 2012, this according to the latest U.S. foreclosure sales report of RealtyTrac. This first quarter of 2012 distressed properties sales data is up from 22% in the preceding quarter …
Foreclosures Comprise 26% of U.S. Residential Sales in 1st Quarter of 2012 Read More »
There are two ways where you can buy foreclosed homes: first is through “auctioned on the courthouse steps,” and second, via buying from the bank. Auctioned on the Courthouse Steps Before a bank can repossess a house, the bank has to go through the auction process. In this auction process, the general public can …
For the first time in Freddie Mac’s Primary Mortgage Market Survey, the average 15-year fixed mortgage rate fell to a record low; while the 30-year fixed mortgage rate dropped to a new all-time record low for the fifth consecutive week. Based on Freddie Mac’s latest Primary Mortgage Market Survey which was released last May 31, …
15-Year Fixed Mortgage Rate Falls Below 3% for the First Time on Record Read More »
Existing-home sales in Maryland declined in April this year, while home prices rose, this according to the Maryland Association of Realtors (MAR). In April this year in Maryland, existing-home sales reached 4,546. This is down by 2.2% compared to the data in the same period last year with 4,649 existing-home sales. Existing-home sales are completed …
Maryland’s April Existing-Home Sales Decline, Home Prices Rise Read More »