GLOZAL - A Global Real Estate Network

All Blog Posts Tagged 'GPS' (131)

Some Markets See Inventories Cut Nearly in Half

 

The number of homes for sale in the last year is falling the most in California, with eight of the top 10 biggest drops in inventories in the last year from metro areas in the Golden State. Many California metros are also seeing asking prices on the rise in the last year, too.

Nationwide,…

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Added by GLOZAL on September 20, 2012 at 10:37am — 1 Comment

HOA Meeting Turns Deadly

Homeowner association meetings can get heated as neighbors fight with neighbors or dispute board rules. But a recent HOA meeting in Louisville, Ky., resulted in two people dead.

A 55-year-old man, Mahmoud Yousef Hindi, has pleaded not guilty to two murder charges that stem from accusations that he…

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Added by GLOZAL on September 19, 2012 at 7:45am — 3 Comments

Shocking: Google's is Wiretapping You!

What you might NOT know about GOOGLE APPS!

                       

If you are using an Android Tablet or Phone and you have installed one of Google’s Apps such as Google search or Google+ or using GMAIL, you have agreed to terms & conditions…

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Added by GLOZAL on September 14, 2012 at 10:23am — 2 Comments

Freddie Mac could earn $3.4 billion profit from expanded repurchase review

 

 

Freddie Mac could receive between $2.2 billion and $3.4 billion in more profits from forcing lenders to buy back "a significantly larger" number of soured mortgages, according to the Federal Housing Finance AgencyInspector General.

Up to $1.2 billion in new profits could go to the GSE this year alone.

The FHFA IG said the estimates are based on a review of 350,000 more loans than before.

"Freddie Mac…

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Added by GLOZAL on September 13, 2012 at 12:51pm — No Comments

5 Strong Performing Housing Markets

Several real estate markets are showing signs of recovery, with median home prices and sales rising. But which markets are showing some of the strongest signs of recovery?

24/7 Wall St. recently evaluated home price changes for the year ending in July, foreclosure data, the unemployment rate, and other factors to help determine which housing markets are performing some of the strongest. The states that emerged on top of the list are:

 

1.…

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Added by GLOZAL on September 12, 2012 at 10:06am — No Comments

Homes Are Selling Faster

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Added by GLOZAL on September 10, 2012 at 10:43am — No Comments

Miami Home Goes for $47 Million

A Florida home has sold for $47 million, a record for a single-family house in Miami-Dade County, as the high-end real-estate market shows signs of a resurgence.

The home was originally listed for $60 million and had been on the market since early 2011, when construction was still being completed. The asking price for the Indian Creek Village home was reduced to $52 million this year.…

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Added by GLOZAL on August 9, 2012 at 6:30am — 1 Comment

Breaking News

   

 

GLOZAL's count down for it's release of its consumer listing portal coming September 1, 2012.

With the launch of our new consumer website we will combine Residential and Commercial property listings around the globe. GLOZAL’s new Global Multiple Listing Service…

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Added by GLOZAL on August 1, 2012 at 10:00am — 9 Comments

Wells Fargo Shuts Down Wholesale Lending

 

Wells Fargo will pay some borrowers $125 million to settle claims its wholesale brokers steered minority homebuyers into more expensive subprime mortgages.

The San Francisco bank said it will cease funding mortgages originated by independent brokers through its…

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Added by GLOZAL on July 12, 2012 at 4:00pm — 1 Comment

Gen Y Is Ready to Buy

Forty-seven percent of Generation Yers say they plan to purchase a home within five years or less, according to a new study released by Western Union. That tops the general population, 29 percent of which say they plan to buy a home in the next five years or less. 

Ten percent of Generation Y members…

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Added by GLOZAL on June 1, 2012 at 1:24pm — No Comments

Case-Shiller home prices decline 2% to new post-crisis lows

Home prices nationwide continued to decline in the first quarter of 2012, but at a moderate pace, according to the latest Standard & Poor's/Case-Shiller Home Price…

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Added by GLOZAL on May 29, 2012 at 10:18am — 1 Comment

April Existing-Home Sales, Prices Up

Existing-home sales rose in April and remain above a year ago, while home prices continued to rise, according to the National Association of REALTORS®. The improvements in sales and prices were broad based across all regions.

Total…

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Added by GLOZAL on May 23, 2012 at 1:25pm — 1 Comment

More Renters Are Finding It's Cheaper to Buy

With rising rents, more renters are being swayed into home ownership, even in pricey housing markets like New York. 

For example, one New York renter said he started looking into owning a home when his landlord tried to increase his rent by 13 percent when his lease was up for renewal. He found that he…

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Added by GLOZAL on May 15, 2012 at 2:08pm — No Comments

Top 10 Turnaround Housing Markets

Cities hardest hit by the foreclosure crisis are among some of the cities leading a housing recovery, Move Inc. reports in its Top Turnaround Town Report for May. 

Move Inc. compiled a list of Top Turnaround Towns for this month, using year-over-year housing data from the first quarters of 2012…

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Added by GLOZAL on May 11, 2012 at 4:38pm — 1 Comment

Second-Home Buyers Stay Closer to Home

Bargain home prices have jump-started sales on second homes, but more purchasers are opting to buy properties much closer to their primary residence.

In the past, second-home buyers tended to buy properties out-of-state or were lured to vacation homes near far-flung resorts and tourist destinations. But…

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Added by GLOZAL on May 7, 2012 at 11:33am — No Comments

Green Homes Increase Market Share

Remodeling and construction of single-family homes to make them more green continues to grow as more attention is placed on the benefits of going green for energy efficiency savings and better indoor quality, a new study shows. 

In the construction market, the green home market share has grown to 17…

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Added by GLOZAL on May 2, 2012 at 5:28pm — No Comments

Lawmakers Accuse FHFA of Blocking Mortgage Reduction Plan

Two Democratic lawmakers are claiming that the Federal Housing Finance Agency failed to roll out a nationwide mortgage reduction principal plan for underwater home owners even though a pilot program the agency did two years ago showed that it could significantly trim taxpayers’ costs. 

Two…

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Added by GLOZAL on May 2, 2012 at 1:34pm — 1 Comment

Housing Ends Slide but Faces a Long Bottom

Nearly six years after home prices started falling, more U.S. housing markets appear to be nearing a new phase: a prolonged bottom. Hitting a bottom, of course, isn't the same as a full-fledged recovery, which is still years off for many housing markets—as well as for millions of people who purchased homes or took cash out during the bubble.

The good news is that housing construction and home sales appear to have hit a floor. Home builders cut back heavily in the past four years and…

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Added by GLOZAL on April 30, 2012 at 10:30am — 1 Comment

Pending home sales near 2-year high

Pending sales of existing homes rose to their highest level in nearly two years in March, according to the National Association of Realtors' latest Pending Home Sales Index.

The index, which represents contracts signed but not yet closed, jumped a seasonally adjusted 4.1…

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Added by GLOZAL on April 29, 2012 at 2:30pm — 1 Comment

S&P/Case-Shiller Home Price Indices February 2012

Metro area

February 2012 index level (January 2000=100)

Change January to February

Change from year ago

Atlanta

83.29

-2.5%

-17.3%…

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Added by GLOZAL on April 28, 2012 at 2:27pm — No Comments

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