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Construction spending up 0.9% in May on surge in homebuilding

Other

A surge in homebuilding pushed construction design spending up 0.9% in May, the largest amount in five months, further indication that the housing sector is slowly recovering. For those organizing their own construction process, make sure you have the proper material to be prepared for anything, like industrial fans and other important equipment. Construction spending reached a seasonally adjusted annual rate of $830 billion – 11.3% above the 12-year low hit in February of last year, according to numbers released […]

Featured Phoenix Gay Realtor: Joseph, Hallatt Home Realty

Buying a Home

Broker/Owner of Home Realty. I specialize in Relocation to the Metro Phoenix Area. I enjoy Singing, Cooking, Theater, Travel, Soap Making, and Remodelling. I have a passion towards Historic Homes and Unique and Distinctive Architecture. Click here to search for a gay or lesbian real estate agent anywhere in the country.   Professional/Personal Distinctions: Certified Residential Specialist (CRS) Designated Broker Member National Association of REALTORS   Specialties: Residential Single Family ~ Relocation     View Joseph’s  Complete Profile & Contact […]

Prevent Short Sale Delays, Double-Check Paperwork

Other

Under new rules that took effect June 15, underwater borrowers with Freddie Mac- or Fannie Mae-backed loans who sell their homes in a short sale now will receive decisions on whether their short sale is approved from lenders within 60 business days. The new guidelines are viewed as a way to speed the short sale process, which once averaged eight months, according to RealtyTrac. The long wait often had buyers walking away from the deals. But despite the faster deadlines […]

Underwater Home Owners Say They’re Unable to Move

Buying a Home

Several home owners say they want to sell their home but they can’t because they still owe too much on their mortgage. While home prices have seen a slight uptick in many areas in recent months, home owners are still waiting to see a bigger jump to take them from underwater to above water on their mortgages. Underwater homeowners’ reluctance to sell is causing inventories of for-sale homes to shrink at a time when home buyer demand has picked up […]

Featured Pigeon Gay Realtor: Justin, Century 21 Four Seasons Realty

Buying a Home

It’s been my pleasure to live and work in the Smoky Mountains for over 20 years. My offices have won Quality Service Awards for several years and I plan to continue providing service at a level that exceeds expectations. Click here to search for a gay or lesbian real estate agent anywhere in the country.   Professional/Personal Distinctions: CRB (Certified Real Estate Brokerage Manager), TAR (TN. Association of Realtors), GSMAR (Great Smoky Mtn. Association of Realtors), KAARMLS (Knoxville Area Assoc. […]

BarCap: Citi saves the most through short sales

Other

Citigroup ($27.64 0.18%) saves the most money when doing short sales among the largest mortgage servicers in the country, according to Barclays Capital research. The bank conducts a short sale on 40% of its resolutions of troubled loans, the third highest percentage. Bank of America ($8.06 0.01%) and JPMorgan Chase ($35.88 -0.1%) each resolve roughly half of their problem mortgages through short sale. Because of the extended time it now takes a foreclosure to be completed and the maintenance and […]

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Mortgage rates hardly move: Freddie Mac

Mortgage Loan

Mortgage rates barely moved, hovering at or near the record lows set last week. The Freddie Mac survey showed 30-year, fixed-rate mortgages averaged 3.66% for the week ending Thursday, matching the previous week’s record low. Last year at this time, the 30-year FRM averaged 4.51%. The 15-year FRM, a popular refinancing choice, averaged 2.94% down from last week‘s average of 2.95%. A year ago, the average rate for a 15-year FRM was 3.69%. Five-year, Treasury-indexed, hybrid adjustable-rate mortgages averaged 2.79%, […]

HouseLogic Offers Resources for Flood Preparedness

Buying a Home

As residents clean up in the aftermath of Tropical Storm Debby, many more Americans can anticipate flooding and damage during this year’s hurricane season. HouseLogic.com, the award-winning comprehensive Web site for home owners from the National Association of REALTORS®, offers valuable resources and information to help residents clean up after floods. You should find a good water damage restoration minneapolis company that has the necessary equipment and knowledge to deal with any damage to your property. “The damage from natural […]

‘Dead’ Listings Get a New Life

Other

The big drop in inventories of homes for-sale is helping once-expired listings finally get sold. Sellers are finding relisting their properties may offer them more luck now than a few months ago, real estate professionals report. Nationwide inventories of single-family homes, condos, townhouses, and co-ops has fallen about 20 percent in the last year, according to Realtor.com. Inventories are at some of their lowest levels ever observed. Meanwhile, more buyers are coming off the sidelines, wanting to take advantage of […]

Featured Buckhead Gay Realtor: Chad, Keller Williams Peachtree Road

Buying a Home

I am a local real estate professional with Keller Williams located in the heart of Buckhead, I specialize in Buckhead and several other metro Atlanta neighborhoods. I have lived in Atlanta for over 13 yrs. and have gained a vast knowledge of the market trends through out this great city. I have personally resided in many of the neighborhoods and communities this great town offers over the years. Currently I live in the Buckhead Village and enjoy a terrific skyline […]

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