GLOZAL's Blog – May 2012 Archive (14)
Is Home Ownership Still the American Dream?
In the aftermath of the housing crisis, some analysts are questioning whether the public still considers home ownership to be part of the American dream.
But the home ownership dream is still alive, according to several recent surveys. For example, a recently released survey by Woodrow Wilson Center…
ContinueAdded by GLOZAL on May 31, 2012 at 2:26pm — No Comments
Real Estate Agents Inch Up in Public Opinion
Real estate professionals rank higher than lawyers, business executives, and advertising practitioners when it comes to the public’s perceptions of honesty and ethics, according to a recent Gallup poll.
In fact, real estate professionals received their highest rating yet in the poll, since Gallup…
ContinueAdded by GLOZAL on May 30, 2012 at 3:28pm — No Comments
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…
ContinueForeclosures Plummet to 5-Year Lows
For the third consecutive month, foreclosure filings dropped, sinking to their lowest level since July 2007, according to RealtyTrac’s April report on nationwide foreclosure activity.
Foreclosure activity, which includes default notices, scheduled auctions, and bank repossessions, fell 5 percent from March…
ContinueAdded by GLOZAL on May 21, 2012 at 2:35pm — No Comments
BofA Offers Up to $30K to Owners for Short Sales
In an effort to curb foreclosures, Bank of America is offering some of its defaulting home owners relocation assistance of anywhere from $2,500 to as much as $30,000 if they agree to complete a short sale.
Bank of America and other banks increasingly are becoming more willing to complete short sales than in…
ContinueAdded by GLOZAL on May 18, 2012 at 11:30am — No Comments
Lender Uncertainty Restraining Housing Recovery
There are many positive signs in the housing market right now that suggest 2012 may be the best year for real estate since the subprime meltdown in 2007. However, the recovery has been inhibited so far due to lenders' reluctance to originate enough new mortgages to meet buyer demand, experts said yesterday at the…
Added by GLOZAL on May 16, 2012 at 3:11pm — No Comments
Obama Calls for Changes to Make Refinancing Easier
Late last week, President Obama said more home owners are taking advantage of government programs to refinance into ultra-low mortgage rates, but there's still more Congress can do to make refinancing easier for home owners.
Refinancing applications have soared 50 percent since October as more home owners…
ContinueAdded by GLOZAL on May 16, 2012 at 12:15pm — 2 Comments
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…
ContinueAdded 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…
ContinueSecond-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…
ContinueAdded by GLOZAL on May 7, 2012 at 11:33am — No Comments
More Buyers Eye Unlisted Homes as Options
As housing inventories shrink, more buyers are reportedly finding their perfect home in properties that haven’t even been listed on the market yet.
“Such back-pocket deals used to involve mostly luxury homes where buyers and sellers wanted to keep the sale hush-hush,” The Star Tribune reports. “But…
ContinueAdded by GLOZAL on May 3, 2012 at 10:07am — 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…
ContinueAdded 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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