All Posts Tagged With: "home"
How To Pick On Appraisers
Many in the real estate community are upset with the newly implemented Home Valuation Code of Conduct (HVCC) and want it suspended or revoked so we can go back to the good-old-says when it was okay to threaten and pressure appraisers. The HVCC was an agreement worked out between New York Attorney General Andrew Cuomo, [...]
26Jun2009 | Peter G. Miller | 9 comments | Continued
Sellers Drop Prices By $27.4 billion
Foreclosures are impacting the marketplace and even the homes of the rich are going for less these days. A new study by Trulia says that 23.6 percent of current homes on the market have had at least one price cut and that the reductions are valued at $27.4 billion. The company says “the average price-reduced [...]
8Jun2009 | Peter G. Miller | 0 comments | Continued
Homeowners Lose as Bankruptcy Reform Fails In Senate
Efforts in Congress which would allow bankruptcy judges to change the terms of residential mortgages came to a halt yesterday by a vote of a 51-45. Of the 51 votes against the measure, S. 899 The Helping Families Save Their Homes Act of 2009, 12 were from Democrats, 39 from Republicans. Not one Republican voted [...]
1May2009 | Peter G. Miller | 0 comments | Continued
Home Price Declines Continue, Says New Report
The S&P/Case-Shiller1 Home Price Indices for February show continued broad based declines in the prices of existing single family homes across the United States, with 10 of the 20 metro areas showing record rates of annual decline, and 15 reporting declines in excess of 10% versus February 2008. For the first time in 16 months, [...]
29Apr2009 | Peter G. Miller | 0 comments | Continued
500,000+ Grab First-Time Homebuyer Credit
More than 500,000 buyers have used the first-time homebuyer credit to purchase a home. Amazingly enough, more than 38,000 buyers have already claimed the write-off but do not qualify. Why? In most cases because they owned a home during the past three years. Figures from the Treasury Inspector General for Tax Administration show that a [...]
24Apr2009 | Peter G. Miller | 1 comment | Continued
Existing Home Prices Rose In March, Says NAR
Existing-home sales — including single-family, townhomes, condominiums and co-ops — declined 3.0 percent to a seasonally-adjusted annual rate of 4.57 million units in March, according to the National Association of Realtors. Prices Typical existing homes sold for $165,400 in February, but rose to $175,200 in March, a 4.2 percent increase. However, some of the sale [...]
23Apr2009 | Peter G. Miller | 0 comments | Continued
Can This Be? Home Prices Are up?
I wouldn’t take this as the last word, but the Federal Housing Finance Agency (FHFA) is reporting that home values nationwide rose in .7 percent from January to February. “U.S. home prices rose 0.7 percent on a seasonally-adjusted basis from January to February, according to the Federal Housing Finance Agency’s monthly House Price Index. January’s [...]
23Apr2009 | Peter G. Miller | 2 comments | Continued
How Much Will Home Values Increase In The Future?
Question: What is a reasonable rate of future appreciation? Answer: No one knows or can know. No less important, rising values are not guaranteed. You may find that appreciation in a given community has grown at an average rate over a period of many years. However, such history does not tell us what will happen [...]
23Mar2009 | Peter G. Miller | 0 comments | Continued
Do We Have To Disclose Past Mold Problems?
Question: A new home has had complete demolition of all walls because of mold. What type of disclosure is suggested? What type of an inspection? What does this do to the property value? I am a prospective buyer of a new home that got very moldy throughout construction. Answer: Mold is a relatively new concern [...]
2Mar2009 | Peter G. Miller | 0 comments | Continued
Can I Back Out Of A Real Estate Listing Agreement?
strong>Question: What happens if you list a home with a real estate broker and then decide you don’t want to sell? Can the broker make you sell the property? Answer: No. You cannot be forced to sell. However, there can be financial consequences. A listing agreement is a contract between a property owner and a [...]
9Oct2008 | Peter G. Miller | 0 comments | Continued
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