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Home ownership and rental demand may both get an uptick as a large number of immigrants are expected to enter the United States and call it home by 2020, according to a new study sponsored by the Mortgage Bankers Association’s Research Institute for Housing America. The study makes projections to the year 2020 on the growth of U.S. home owner households headed by immigrants. The number of foreign-born home owners continues to grow bigger each decade, according to the report. For example, the number of foreign-born home owners rose 800,000 from […]

JP Morgan Chase is setting out to close short sales in less than 30 days, Bill Carr, vice president of short sales, told participants in a recent HousingWire webinar, “Short Sale Process with Chase Bank.” “We are doing everything we can to avoid foreclosure,” Carr said. Carr said the bank is using initiatives such as the Short Sale Accelerator Program to offer cash to borrowers to complete short sales, over letting the home fall into foreclosure. Carr said during the webinar that the company was looking to recruit more qualified […]

My goal is to make the transaction as easy and stress free as possible. You work with me, not an assistant agent. I’ve lived in Albuquerque for over 30 years. I know the neighborhoods from the foothills to the Petroglyphs; the trendy hot spots like Nob Hill to the rambling Adobes and horse properties of Corrales by the river! I am committed to bringing you the best service possible. On a personal note, I really like Albuquerque for all the great stuff you can do. I love to hike the […]

Buying a home is one of the biggest investments you will ever make in your life. With this in mind, Rick approaches each client’s transaction with enthusiasm, understanding, and diligence. Rick’s interpersonal skills have helped him appreciate not only the business practices of buying and selling, but also the emotion involved in the process. His consistent dedication and ability to relate to his clients helps provide ease and comfort throughout the entire process of the real estate transaction. Rick’s dedication to his career and clients helps ensure a smooth process […]

A very tight mortgage lending environment “promises improvements this year as the drivers of tough credit standards reverse,” according to Moody’s Analytics ResiLandscape Report. Still, lending will remain tight by historical standards, the report notes. Tight underwriting conditions have been one of the main obstacles for the housing market recovery. But the credit agency says that those conditions began to ease somewhat this year and likely will continue to. “Rising house prices give lenders more breathing room to extend credit,” the analysts at Moody’s noted. Over the past year and […]

The Federal Housing Finance Agency (FHFA) announced Monday that mortgage giants Fannie Mae and Freddie Mac will create a new joint company for securitizing home loans. The move is viewed as a step toward shrinking the government’s role in the mortgage market. The government-sponsored enterprises, which started receiving taxpayer bailout money in 2008, help finance about two-thirds of U.S. mortgages. Edward DeMarco, the acting director of FHFA, says he wants to shrink Fannie and Freddie’s footprint in order to reduce the risks to taxpayers. “The overarching goal is to create […]

Which housing markets are the ones to watch in the next five years? AOL Real Estate recently ranked cities on their projected annualized change in home prices between the third quarter of 2012 and the third quarter of 2017. Many of the cities had seen home prices fall greatly off their peak so some of these metros are making up for lost values over the years. 1. Medford, Ore.  Annualized expected growth from third quarter 2012 to third quarter 2017: 9.7 percent 2. Santa Fe, N.M. Expected growth: 9.1 percent […]

Joe Has Been Working In Riverdale Real Estate Since 2002. In That Time He Has Gone From Novice To Expert To Owning Weichert, Realtors House & Home, One Of The Premier Real Estate Offices In Riverdale And The Bronx. To Joe There Is No Problem That Cannot Be Solved Or Need That Cannot Be Fully Addressed. The Motto “We Do More” Is Joe’s Mantra. Prior To His Real Estate Career, Joe Was Involved In The NY Theater As An Award Winning Actor, Director, Producer And Casting Director. Through The Variety […]

The revival in the luxury real estate market is being fueled by growth in jumbo mortgages, Reuters reports. Jumbo loans typically are more than $417,000. “Jumbo loans are returning to the mortgage market after almost disappearing entirely in the wake of the credit crisis of 2008 and the real estate meltdown,” Reuters reports. “Most lenders stopped making new jumbo loans when the private secondary market dried up in the credit crunch.” But now jumbo loans are coming back. Lenders are reserving jumbo loan approvals to qualified borrowers, and some reportedly […]

Home buyers want energy efficiency, according to a new study released by the National Association of Home Builders titled, “What Home Buyers Really Want.” Four of the top-ranked home features involve saving energy. For example, 94 percent of buyers surveyed say they want energy-star rated appliances. Ninety-one percent said they want the whole home to boast an energy-star rating. When it comes to ensuring your appliances meet these preferences, consider the expertise of appliance repair experts from Cooperfix for reliable and efficient solutions. What’s more, 89 percent said they wanted […]