Items Tagged with 'Homes'

ARTICLES

  • Existing home sales decrease for third consecutive month

    But median sales price reaches all-time high
    Existing home sales decreased for the third consecutive month in June, but the ongoing supply and demand imbalance helped push the median sales price to an all-time high, according to NAR. But the association said it’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what is needed to satisfy demand levels.
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  • From HW Magazine

    The Baby Boomer housing sell-off

    When it will happen is still up for debate
    When Arthur Nelson, a professor at the University of Arizona, went shopping for a home in Tucson recently, he found plenty of senior citizens trying to sell their homes — but at prices far more than what they were worth. "I was amazed at the number of homes that were overpriced by about 25% where the owners were seniors," he said. These seniors would barely counteroffer, taking so little off the asking price that it wasn’t worth negotiating, Nelson said.
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  • Has spring buying season finally arrived?

    Existing-home sales up for first time in 2014
    "We’ll continue to see a balancing act between housing inventory and price growth, which remains stronger than normal simply because there have not been enough sellers in many areas," said Lawrence Yun, NAR chief economist. "More inventory and increased new-home construction will help to foster healthy market conditions."
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  • Is San Francisco housing headed for a crash?

    Home prices edge down, but still hover well above $500K
    The San Francisco market continues to trend as a high-price area with wide appreciation and depreciation swings when comparing bubble price and trough levels to prices recorded today. Should housing investors be more vigilant?
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  • Out with the old, in with the new

    Home improvement loans can provide New Year’s hope for 2014
    Bill Ashmore, the chief operating officer of Impac Mortgage Holdings, sees a lot of frustration from real estate agents and homeowners around this time of year, when the desire for a nicer home traditionally takes hold. There is a solution, a source of funding, but education around the product is woefully inadequate.
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  • Workers staying in place is a bad sign for housing

    Unemployment and housing are inextricably linked. Essentially, those who are employed are more likely to buy homes, but that’s not the entire picture. Those who stay in place too long also reflect a weak job market.
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  • Fannie plans DU system updates to correctly document pre-foreclosures

    Prior to this, erroneous credit reporting made underwriting a herculean task
    A pre-foreclosure or a short-sale on a borrower’s credit report can mean the difference between them getting approved for a loan – or finding themselves without the ability to pass underwriting. Understanding this issue, Fannie Mae is revamping its automated underwriting system, Desktop Underwriter.
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