buying a home

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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Tips on Increasing Your Chance of Landing a Mortgage

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

Today’s mortgage rates are the utmost come-on for would-be homebuyers. In its Primary Mortgage Market Survey released last Thursday, Freddie Mac reported that the 15-year fixed mortgage rate averaged a new all-time record low at 3.13%. Meanwhile, the 30-year fixed-rate mortgage averaged at 3.88%, the lowest rate in history. “With these historically low rates and …

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RealtyTrac Reports Shift Towards Short Sales and Away from Foreclosure Sales

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

In its 2011 Year-End U.S. Foreclosure Sales Report, the information provider RealtyTrac reports that in the national scale, pre-foreclosure sales – which are mostly short sales – increased by 15% from a year ago; while Real Estate Owned (REO) sales or sales of properties as a result of foreclosure decreased by 12%. In terms of …

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24% of Maryland’s Residential Properties with Mortgage are Underwater, CoreLogic Reports

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

CoreLogic, an information and analytics provider, announced  today/yesterday that 11.1 million or 22.8% of residential properties with a mortgage in the U.S. were underwater at the end of the fourth quarter of 2011. CoreLogic report shows that at the end of the fourth quarter of last year out of 1,360,309 residential properties with mortgage in …

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Gov’t to Put Up Foreclosed Homes for Rent

Buying a Home, Foreclosures, Mortgages, Off Topic, Real Estate, Selling a Home / By

The Federal Housing Finance Agency (FHFA), the agency that regulates Fannie Mae, Freddie Mac and 12 Federal Home Loan Banks, has invited investors to participate in its foreclosure-to-rental pilot program. Specifically, FHFA has invited investors to purchase approximately 2,500 Fannie Mae foreclosed properties with the condition that these purchased properties must be rented out for …

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