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Home Prices & Mortgage Interest Rates Declines Result to Dramatic Housing Affordability

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

The combined decline in home prices and mortgage interest rates gives way to the dramatic improvement in housing affordability, this according to Fiserv Case-Shiller, a leading global technology provider serving the financial services industry. “Housing affordability has improved dramatically because of declines in both prices and mortgage interest rates,” David Stiff, chief economist at Fiserv, …

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Foreclosures Will Continue to Hammer Home Prices in 2012, Inside Mortgage Finance Says

Foreclosures, Real Estate, Short Sales / By

According to Lender Processing Services, Inc., a leading provider of data and analytics to the mortgage and real estate industries, reported that as of November last year, 6.26 million properties were 30 or more days delinquent or in foreclosure. The data and analytics provider added that as of November of last year, 2.11 million properties were …

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NAR Lowers the 2007 to 2010 Home Sales Estimates by 14%

Real Estate / By

The National Association of Realtors (NAR), last Wednesday, revised or re-benchmarked its own home sales estimate from the original estimate of 5,157,000 average home sales for the 2007-2010 period to 4,420,000 or 14% lowered home sales estimate for the 4-year period. This revised data shows that fewer existing homes were sold from 2007 to 2010 than previously …

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Existing-Home Sales Continue to Rise in November 2011, NAR says

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

The National Association of Realtors (NAR) announced last Wednesday that existing-home sales rose in November this year and stayed above one year ago. “The latest monthly data shows total existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 4.0 percent to a seasonally adjusted annual rate of 4.42 million in …

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What To Do with Real Estate Owned Properties (Part 2)

Buying a Home, Real Estate / By

The U.S. Federal Housing Finance Agency (FHFA) reported that 4,000 responded to the Request for Information of FHFA, the Department of Housing and Urban Development (HUD), and Department of the Treasury regarding the question on what to do with the single-family real estate owned (REO) properties held by Fannie Mae, Freddie Mac, and the Federal …

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