All Posts Tagged With: "sales"
Foreclosed Homes for Less Than $100,000
The latest quarterly figures are in and it’s not great news on the real estate front: According to RealtyTrac, distressed real estate accounts for 28 percent of all existing home sales in the first quarter. No less important, the typical foreclosure discount was 27 percent lower than homes not in foreclosure. Combine falling home prices [...]
27May2011 | Peter G. Miller | 1 comment | Continued
Less FHA Mortgage Loan Demand Undermines American Home Prices
A small change in FHA guidelines has now hit the market and the result has been both immediate and devastating. “Purchase applications fell last week, driven primarily by a sharp decrease in government purchase applications as new, higher FHA premiums went into effect,” said Michael Fratantoni, the Mortgage Bankers Association Vice President of Research and [...]
2May2011 | Peter G. Miller | 0 comments | Continued
HUD Scorecard: Home Prices Stabilizing
HUD has introduced a new public information report, a Monthly Housing Scorecard. This is an idea which makes a lot of sense, not only because of what it says but also because HUD includes data from both governmental agencies and the private sector in one place. The News To start, and given the events of [...]
22Jun2010 | Peter G. Miller | 0 comments | Continued
Have Home Prices Finally Bottomed Out? 3/31/10
The latest S&P/Case-Shiller Home Price Indices are out and they suggest that home prices may be — can we say this? — firming. There are two indexes, one tracks 10 cites and the other tracks 20 cities. S&P/Case Shiller says “the 10-City Composite is unchanged versus where it was a year ago, and the 20-City [...]
31Mar2010 | Peter G. Miller | 0 comments | Continued
2009 Home Sales Up, But Values Down
Real estate sales reached nearly 5.2 million in 2009, up 4.9 percent from 2008 according to the National Association of Realtors. The increase was the first annual rise since 2005. In terms of prices, NAR says for all of 2009, the median price for a single-family existing home was $173,200, down 11.9 percent from 2008. [...]
26Jan2010 | Peter G. Miller | 0 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
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
What Happens To Home Sales If Mortgage Rates Rise?
Interest rates reflect the cost of money nationwide — but real estate values are established locally. If you look at the question in general terms, higher interest rates mean larger monthly payments, high monthly payments mean a smaller pool of buyers, so in theory home prices should remain steady, rise less or even decline. But [...]
16Dec2008 | Peter G. Miller | 0 comments | Continued
10 Steps To Sell Your Home More Quickly In Stalled Markets
During the past year many markets have stalled if not declined. Still, if you’re an owner you want to maximize your profits whether the market is up, down or sideways. What to do? If you’re a seller there are 10 negotiating steps you can take to make sure your home has the best chance for [...]
19Sep2008 | Peter G. Miller | 0 comments | Continued
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