All Posts Tagged With: "value"
Why Foreclosure Buybacks Are Wrong
In Detroit they’ve found a “solution” to the foreclosure crisis: Don’t pay your mortgage, don’t pay your taxes, allow the property to be foreclosed, and then buy it back at the tax sale. The Detroit News reports that in the past year “about 200 of nearly 3,700 Detroit properties sold at auction last year that [...]
8Sep2011 | Peter G. Miller | 0 comments | Continued
Is the government holding down mortgage interest rates?
One way to re-start the housing sector and thus a big part of the American economy would be to assure that mortgage quotes were as low as possible. And given that banks today can borrow money at pretty close to zero, is the government now forcing down mortgage rates to 5 percent or less? The [...]
23May2011 | Peter G. Miller | 0 comments | 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
US Home Prices Down 16.5% From Peak
In what has become an unrelenting story, American home prices continue to decline. According to the Federal Housing Finance Agency, January home prices were off 0.3 percent from December and 16.5 percent from the April 2007 peak. The monthly figures should be seen as not especially meaningful as they can be impacted by factors as [...]
22Mar2011 | Peter G. Miller | 0 comments | Continued
Real Estate Seer: Renting In, Mortgages & Foreclosures Out
In the decades since World War II real estate prices rose with enormous consistency but now the oomph is gone. Most people are better off renting than owning, says Patrick Killelea. For him, and for millions of others, the path to financial security no longer includes real estate ownership, mortgages or the possibility of foreclosure. [...]
15Feb2011 | Peter G. Miller | 10 comments | Continued
Will home prices stabilize in 2011?
Are better times ahead in real estate? And are declining home prices likely in the coming year? Can both happen at the same time? That might be the case, according to a new analysis from Fiserv, Inc., an information management provider for the financial services industry. It says both that prices will stabilize — but [...]
2Feb2011 | Peter G. Miller | 3 comments | Continued
What’s A Private Transfer Fee In Real Estate?
Usually when we think of a real estate sale we think that the interest of the seller ends with closing. It is, after all, called “closing” for a reason. Now, however, some sellers are trying to maintain a financial interest in a property for decades after it’s been sold, not with a mortgage or a [...]
12Jul2010 | Peter G. Miller | 2 comments | Continued
What Is The BPO Foreclosure Connection?
When lenders take back a property through the foreclosure process they want two things: They want to know how much it’s worth and they want to know as cheaply as possible. One way to determine value would be to get an appraisal of the property. Appraisals are independent estimates of value developed by licensed appraisers, [...]
13Feb2010 | Peter G. Miller | 0 comments | Continued
Real Estate: How To Re-Power US Home Sales
Long ago I was a part owner of a company that produced dual-fuel vehicles — they could run on either gasoline or propane with the flip of a switch. We did a lot of fleet conversions and we even supplied fuel for a number of apartment buildings. I also used to write about energy and [...]
28Aug2009 | Peter G. Miller | 0 comments | Continued
Report Says 22% Of All Homeowners Underwater
Zillow.com is reporting that more than one-fifth of all homeowners are now underwater on their mortgages. The company says that home values in the United States fell again in the first quarter, posting a year-over-year decline of 14.2 percent. The Zillow study covers 161 metropolitan areas and cover the value changes in all homes, not [...]
6May2009 | Peter G. Miller | 0 comments | Continued
© Copyright 