The Experts You Can Trust
“Nearly every major market has seen double-digit declines in inventories of for-sale listings, making multiple-bid situations common,” this according to Inman News. Inman News added, “While only the lowest-priced properties used to generate bidding wars, now homes in nearly all prices ranges attract multiple offers ….”
CoreLogic, in its National Foreclosure Report, announced that there were 57,000 completed foreclosures in the U.S. in August this year. According to CoreLogic, the total completed foreclosures last August nationwide was down from the 75,000 completed foreclosures in August 2011.
Foreclosure flood is concentrated in specific neighborhoods and cities in the U.S., this according to the September home value forecast report of Pro Teck Valuation Services. Pro Teck, said in a statement, “With regard to this foreclosure inventory, there is a misperception that it is a problem for the entire market. In fact, it is …
Foreclosure Flood Concentrated in Specific Cities & Neighborhoods, Pro Teck Reports Read More »
Ten percent of the total 4.82 million existing homes sold in August this year were short sales, this according to the latest National Association of Realtors (NAR) report. According to NAR, short sales sold for an average discount of 13% in August 2012. The nationwide median price of existing homes including single-family homes, condominiums, townhomes …
The 30-year fixed-rate mortgage hit an all-time low, averaging 3.40% as of September 27, 2012, this according to the latest Freddie Mac’s Primary Mortgage Market Survey. The 30-year fixed-rate mortgage is the preferred choice of would be homebuyers.