This year’s selling season comes with an added dose of optimism due, in part, to the increasing cost of renting a home or apartment. A survey by research firm Reis, found the average apartment’s rent rose 2.7 percent last year and, in some markets, was up more than five percent. And, though histo
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04/10/2012
Improvements in the labor market and overall economy have led to optimistic forecasts for the housing market in 2012. In their latest Economic and Housing Market Outlook report, Freddie Mac sees an awakened economy spurring housing forward after years of somewhat depressed conditions. Frank Notha
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04/05/2012
According to the Mortgage Bankers Association’s Weekly Applications Survey, total mortgage application volume picked up 4.8 percent last week from the week before. The jump in demand was fueled by a 7.2 percent surge in the Purchase Index and a 4.0 percent spike in refinance activity, which had b
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04/04/2012
A roundup of price reports and recent housing data from the National Association of Realtors finds that, though home values showed slight declines in January, there are signs of further price stabilization due to improving inventory levels, declining distressed property sales, and strong buyer tr
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04/03/2012
According to data released by Pro Teck Valuation Services, many housing markets across the country bottomed in 2009, despite industry analysts saying prices had further to fall. The data shows that many markets are already stabilizing or rebounding. Tom O’Grady, Pro Teck’s chief executive, said t
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04/03/2012
CoreLogic’s National Foreclosure Report provides monthly data on completed foreclosures, foreclosure inventory, and delinquencies over 90 days. In their February report, CoreLogic found that there are 1.4 million homes in the foreclosure inventory, which is down from 1.5 million in February 2011.
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03/30/2012
A number of factors have experts and industry insiders expecting a strong spring-selling season this year. Nearly half of all home sales happen during the months of April, May, June, and July and this year, with the economy and job market showing signs of growth, the sales season is expected to b
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03/29/2012
According to the Mortgage Bankers Association’s Weekly Applications Survey, demand for home purchase loans increased again last week. The seasonally adjusted Purchase Index was up 3.3 percent from the week before and is up 2.14 percent over the past four weeks. But the growing volume of purchase
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03/28/2012
Are you underwater on your mortgage? Is your loan serviced by Fannie Mae and did you take it out prior to 6/1/09? If so, get in touch with me as I now have access to the Fannie Mae version of the Obama program to help homeowners who owe more than their house would appraise for refinance and take
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03/27/2012
Are you underwater on your mortgage? Is your loan serviced by Fannie Mae and did you take it out prior to 6/1/09? If so, get in touch with me as I now have access to the Fannie Mae version of the Obama program to help homeowners who owe more than their house would appraise for refinance and take
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03/27/2012