Blog Archives

5 Remodels That Make Good Resale Value Sense — and 5 That Don’t

There is money well spent and money that’s not. Today we review which is which, prioritizing the return on your investment dollars Repeat after me: I am the master of my remodel. Perhaps you should say it again, because sadly,

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Rapidly Diminishing REO Foreclosure Sales

by Lawrence Yun, PhD., Chief Economist and Senior Vice President, NAR The number of foreclosed home sales has been rapidly falling and could essentially vanish by next year.  Those who specialize in foreclosure sales should therefore look towards other line

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REVIEW: Housing Affordability for August

At the national level, housing affordability is down from a year ago for the month of August as higher prices make it less affordable to purchase a home despite rates having another slight decline. Housing affordability is down from a

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Completed Foreclosures Fell 24% in the Last Year

Prepared by Tara Steele of AGBeat.com According to CoreLogic’s December National Foreclosure Report, there were 620,111 completed foreclosures for the year, down 24 percent from 2012′s 820,498 completed foreclosures. Compared to November’s revised data, December’s foreclosure levels fell 4.1 percent

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Foreclosures Decrease 30 Percent In The Last Year

According to CoreLogic’s October National Foreclosure Report, completed foreclosures fell 30 percent year-over-year. There were 48,000 completed foreclosures in October 2013, down from 68,000 in October 2012, dropping 25.6 percent from September 2013.   By Tara Steele of AGBeat.com http://agbeat.com/housing-news/foreclosures-decrease-30-percent-last-year/

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What You Need to Know About Mortgage Debt Forgiveness

What is the Mortgage Forgiveness Debt Relief Act of 2007? Initiated by President Bush, this Act was a tax break that saved struggling homeowners from paying thousands of dollars to the IRS. Namely, qualifying borrowers (generally struggling homeowners) in certain

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30-Year Mortgage Rates Move Closer To 4.00%; Reach Lowest Levels In 18 Weeks

Today’s 30-year fixed rate mortgage rate is markedly lower than what Freddie Mac’s weekly survey says it is. According to the group’s Primary Mortgage Market Survey (PMMS) released Thursday, the average 30-year fixed mortgage rate rose 0.05 percentage points to

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