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.
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…Continue
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…Continue
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.
Added by GLOZAL on September 13, 2012 at 12:51pm — No Comments
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:
Added by GLOZAL on September 12, 2012 at 10:06am — No Comments
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.…Continue
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…Continue
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…Continue
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…Continue
Added by GLOZAL on June 1, 2012 at 1:24pm — No Comments
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.
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…Continue
Added by GLOZAL on May 15, 2012 at 2:08pm — No Comments
Move Inc. compiled a list of Top Turnaround Towns for this month, using year-over-year housing data from the first quarters of 2012…Continue
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…Continue
Added by GLOZAL on May 7, 2012 at 11:33am — No Comments
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…Continue
Added by GLOZAL on May 2, 2012 at 5:28pm — No Comments
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.
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…Continue
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…Continue
February 2012 index level (January 2000=100)
Change January to February
Change from year ago
Added by GLOZAL on April 28, 2012 at 2:27pm — No Comments