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The housing recovery may be taking hold faster in luxury homes real estate. Several parts of the country are reporting bidding wars in wealthy pockets as buyers look to snag rising home prices and investors search for bargains. Property sales of $1 million and higher soared 7.2 percent in March compared to a year earlier, according to National Association of REALTORS®’ data. Paul Bishop, NAR’s vice president of research, told Bloomberg News that as the financial markets improve, demand for luxury homes is rising in the northeastern United States, such […]

About Avi – Transplanted from Israel over ten years ago, I have called Las Vegas ‘home’ for the past decade. In that time, I have seen the dramatic growth and change that has impacted the southern Nevada market. Real Estate is my full time focus and you, as my client, will receive the level of dedicated service and guidance necessary in this constantly changing environment. My experience ranges from high-end to starter homes….short sales to foreclosures…buying to selling. This is my career and passion; I amdedicated and always available for […]

Pending home sales retrenched in April following three consecutive monthly gains, but are notably higher than a year ago, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contract signings, declined 5.5 percent to 95.5 from a downwardly revised 101.1 in March but is 14.4 percent above April 2011 when it was 83.5. The data reflect contracts but not closings. Lawrence Yun, NAR chief economist, said a one-month setback in light of many months of gains does not change the fundamentally improving […]

The short-sale process is expected to get shorter starting June 15. New guidelines issued under the Federal Housing Finance Agency will require Fannie Mae and Freddie Mac to give home buyers of short sales notice of their final decision within 60 days. The new guidelines also will require the mortgage giants to respond to initial short-sale requests within 30 days of receiving an offer from a potential buyer. The speedier process is expected to be a boost to the housing market, Michael McHugh, president of the Empire State Mortgage Bankers […]

“Strength in Real Estate” With great experience in real estate as well as intimate local area knowledge, I work extensively to help buyers and sellers meet their real estate goals. As a listing agent in Orange county, my extensive marketing plan gives a homeowner the opportunity to get the maximum value for his/her property. For buyers, I help negotiate the best possible deal and search until I find the perfect property. Nothing satisfies me more than seeing the smiles that come with a successful sale or the purchase of a […]

Home ownership is getting more emotional than it used to be. A new survey by Coldwell Banker Real Estate finds that Americans are increasingly saying that the real value of home ownership is emotional, not financial. That marks a stark contrast from Americans’ perspectives on home ownership during the housing boom, in which they mostly viewed it as a financial venture. “Instead of taking things for granted, people are protective of their jobs, homes, and futures,” says Robi Ludwig, a psychologist in New York who was involved in the study. […]

New York Mortgage Trust ($6.65 0%) is offering four million shares of common stock as part of its investment strategy to acquire agency residential mortgage-backed securities. Motley Fool Rule Breakers reviews state that NYMT began targeting investments in multi-family commercial mortgage-backed securities and RMBS in 2011 backed by pools of mortgage loans guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae. The loans include interest only and inverse interest only securities and agency RMBS backed by adjustable-rate or hybrid adjustable-rate mortgage loans. The New York-based REIT expects to grant the […]

Thank you for taking a moment to consider me in your search for a Real Estate Professional ~ I am a native Californian having been born in Santa Monica. I lived in Orange County until I was 27 and split the next 20 years between Los Angeles and Long beach where I currently own a home with my husband Leo. I bring a broad base of experience to the table for you having been in and around the development and construction world for the past 10 years. I can help […]

The Federal Reserve released a plan between Ally Financial and third-party consultant PricewaterhouseCoopers, hired to conduct the independent foreclosure review. The release also included an action plan from Citigroup ($26.75 0.28%), updating the Fed on its implementation of consent order requirements agreed to in April 2011. The Fed also included a letter from HSBC ($40.15 -0.08%) covering how the bank plans to implement single-point-of-contact requirements under the consent order. The consent orders came after an investigation into widespread foreclosure abuses and documentation problems. The agreements include new servicing standards and […]

Senate Republicans are considering some Democrat proposals to expand refinancing to even more Fannie Mae and Freddie Mac borrowers. The Federal Housing Finance Agency expanded HARP last fall to reduce upfront fees, eliminate a cap on negative equity and reduce some repurchase risk for servicers of the original home loan to allow for more refinancings. Major banks finished installing the program in March, but a major refinancing surge remains elusive. The Senate Banking Committee held a hearing Thursday on a bill from Sens. Robert Menendez, D-N.J. and Barbara Boxer, D-Calif., […]