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Bank of America to Allow Families Facing Foreclosure Rent their Homes

Buying a Home, Foreclosures, Mortgages, Real Estate, Selling a Home, Short Sales / By

Bank of America, one of the nation’s largest mortgage servicers, has announced that it will allow a limited number of mortgage customers who are facing foreclosure to remain in their homes as tenants through the bank’s pilot program called “Mortgage to Lease.” Ron Sturzenegger, Legacy Asset Servicing executive of Bank of America, in a statement …

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Home Buying is Cheaper than Renting in 98 U.S. Major Metros, Study Shows

Buying a Home, Real Estate, Selling a Home / By

After years of declining home prices and rising rents, it is now more affordable to buy a home than rent in all but two of the 100 largest metropolitan areas in the U.S., this according to the recent Rent vs. Buy Study conducted by Trulia. Even in the supposedly expensive real estate markets such as …

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Foreclosure Tide to Rise After $25 billion Mortgage Settlement

Foreclosures, Mortgages, Real Estate / By

One in every 637 U.S. housing units were in the process of foreclosure in February 2012, this according to the latest report from the information provider RealtyTrac. This latest foreclosure data was a 2% decline from the data in January 2012 and a decline by 8% from February 2011 — the lowest annual decrease since …

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Aging Baby Boomers and their Echo Boomer Children to Impact U.S. Housing Market

Buying a Home, Real Estate, Selling a Home / By

Researchers from The Urban Institute, University of Southern California and National Association of Realtors (NAR) recently released their “Demographic Challenges and Opportunities for U.S. Housing Markets” report. The report which was submitted to the Bipartisan Policy Center as background for the Housing Commission shows that over the next 20 years, the aging baby boomer generation …

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