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Are Appraisers ‘Scared’ to Report Rising Prices?

Buying a Home

Real estate professionals and mortgage loan officers say that appraisers seem to be reluctant to report price appreciation occurring in numerous spots across the nation, and it’s complicating sales transactions, The Real Deal reports. Appraisal problems — where property valuations have come in lower than the agreed-upon sales price — have been an ongoing problem in derailing many real estate transactions the last few years. And despite reports of several markets seeing an increase in their home prices, many agents […]

5 Top Hot Spots for Buying Rental Properties

Buying a Home

Rents are on the rise nationwide and investors are looking to cash in. Local Market Monitor recently reviewed 316 housing markets to find which ones offered some of the highest returns on investment potential for single-family rental properties. The following are the top five markets that emerged from its list as best places to purchase a rental property in the U.S. 1. Las Vegas Median home price (2012): $122,000 Estimated median home price by 2015: $121,087 Projected annual rent in […]

Featured Atlanta Gay Realtor: Larry, PrimeBuy Real Estate

Buying a Home

My name is Larry , Owner/ Broker of PrimeBuy Real Estate and Associate Broker/ Owner of DreamMakers Realty Group. I’m licensed in both Georgia & South Carolina and specialize in residential listings throughout the Atlanta/Metro area. I work with home buyers & sellers, this includes short sales. Please contact me to get information on how to buy a home, sell your home, property values or new Subdivision sales. I look forward to assisting you! Click here to search for a […]

Fewer Home Owners Late on Mortgage Payments

Buying a Home

The number of home owners with severely delinquent mortgages — 90-plus days past due or in foreclosure — fell 37 percent in May compared to its peak in January 2010, according to a new report out by Equifax. Seventy percent of those delinquencies are loans opened between 2005 through 2007, Equifax notes in its May National Consumer Credit Trends Report. “That severe mortgage delinquencies are trending downward is not surprising given generally improving economic conditions,” says Amy Crew Cutts, Equifax […]

Are Banks ‘Hoarding Foreclosures’?

Other

Recent housing surveys are showing an uptick in home prices, particularly in cities in warm-weather “sand states” that had been hard-hit during the housing slump, such as in Phoenix, Las Vegas, Miami, and Tampa. But some housing experts worry that the lift in prices may be temporary due to banks “hoarding foreclosures.” Some real estate professionals allege that the “synthetically pumped prices” are being caused by “banks stockpiling foreclosed properties and purposely keeping them off the market until area prices […]

The Biggest Growth Spots in the Next 20 Years

Other

Small to mid-sized cities will likely be the “biggest winners in the housing market two decades from now,” predicts Stan Humphries, Zillow’s chief economist. Some of these cities will be near large metro areas while some may be more distant and include small to mid-sized cities in college towns too, Humphries adds. Humphries says market “winners” in the next 20 years will likely be places like Austin, Texas; Savannah, Ga.; Athens, Ga.;  Rochester, N.Y.; Boulder, Colo.; Madison, Wis.; Knoxville, Tenn.; […]

Featured Birmingham Gay Realtor: Carl, Re/Max Advantage

Buying a Home

Full time devoted Realtor with over 9 years of Real Estate experience and 15 years of sales experience!Carl is a native of Birmingham, Alabama, therefore very knowledgeable of all areas. Carl sells Real Estate in all areas Birmingham and surrounding cites and counties. He represents both buyers and sellers in all price ranges. When you are buying or selling property in today’s real estate market it’s important to have confidence in your real estate professional. Carl’s commitment as your local […]

Couple Refuses to Let $4.2M Mansion Block Their View

Buying a Home

A couple in the San Francisco Bay Area wasn’t happy that a $4.2 million mansion next door was blocking their view of the Golden Gate Bridge and water. So they purchased the mansion — and are having it demolished. Clark and Sharon Winslow purchased the home at a foreclosure auction, after owners of the five-bedroom, five-and-a-half bathroom property had fallen into foreclosure and vacated the home about two years ago. The home, originally built in 1909, had previously sold in 2004 […]

Some Economists Argue Anti-Foreclosure Laws Backfire

Other

State and federal laws that set out to prevent defaulting home owners from being evicted may actually be jeopardizing the housing recovery and even extending the slump, economists told Reuters. More than 400 foreclosure laws were enacted nationwide last year, according to the National Conference of State Legislature. Many of these laws set out to help struggling home owners modify their loans and stay in their homes. But some studies show that the laws may be delaying a full housing […]

Gay Realtor Shaun

Featured Covington Gay Realtor: Shaun, Premier Properties Real Estate

Buying a Home

Buying or selling a home? Al makes it easy! “Your Executive Access to the Endless Possibilities of Northern Kentucky” Dedicated to providing honest and outstanding service to both buyers and sellers before, during, and after the sale. Want to know how much your home is worth? Wondering if the home you’re looking at is over priced? Give me a call and I will get either question answered and provide you with a Comparable Market Analysis for the property in question. […]

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