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Living Small Offers Growing Appeal

Buying a Home

Do-it-yourself tiny homes is a growing niche among some who desire eco-friendly lifestyles, The Wall Street Journal reports. A series of new books are coming out next month that show aspiring home owners how they can build their own small home. “The appeal is that secretly most people would like to be in the country building their own little house,” says Jonas Kyle, an owner of Spoonbill & Sugargtown Bestsellers in Brooklyn, N.Y., which publishes the “Tiny Homes: Simple Shelter” […]

Ally puts away $270 million for potential foreclosure fines

Other

Ally Financial ($22.93 0.14%) set aside $270 million for expected penalties in “foreclosure-related matters,” which will likely result in a fourth-quarter loss for the company. The Detroit-based bank is among the country’s largest lenders involved in talks with state attorneys general, regarding a potential settlement of up to $25 billion for alleged foreclosure malfeasance. The $270 million charge is an estimate, not a final number, for Ally, according to a regulatory filing. A proposed settlement was sent to the states […]

Gay Realtor Jeffrey Arnold

Featured Gay Realtor: Jeffrey Arnold, JBGoodwin, REALTORS, Austin, TX

Buying a Home

I am happy to help anyone who is looking to make Austin and surrounding communities their home. I have relocated around the country over the years and am very familiar with the hassles/frustrations involved – and will work hard to make this a smooth transition. 

Whether you are buying or selling (or both), let’s get together to discuss how we can make this happen. 

I am here to help and am looking forward to not only gaining a new client […]

Appraisers Seek Comments on Seller Concessions

Selling a Home

The Appraisal Foundation’s Appraisal Practices Board is seeking public comment on a proposal about how to adjust comparable sales for seller concessions when making valuations. “A common tool used to help facilitate a property transaction is to have the seller provide financial assistance or incentives to the buyer,” the board’s proposal states. “Such assistance may be considered a seller concession or financing concession and this is important because it may have an influence on the contract price. The purpose of […]

Hillwood expands multifamily division

Other

Hillwood Properties, the Fort Worth, Texas-based development firm owned by Ross Perot Jr., revealed a long-term strategy Tuesday to grow its multifamily subsidiary, which focuses on investment and development. Hillwood, best known for its sprawling 17,000-acre mixed-used development in the Dallas-Fort Worth region, plans to build 3,000 multifamily units at the site over the next 10 years, said Mark McHenry, an industry veteran tapped to lead the the effort. The AllianceTexas development already has zoning in place for more than […]

Gay Realtor Avi Dan

Featured Gay Realtor: Avi Dan-Goor Prudential Americana Group Realtors, Las Vegas, NV

Buying a Home

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 […]

Mortgage Rates Rise After Posting Record Lows

Mortgage Loan

Mortgage rates started to edge higher this week, after a series of recent positive reports showing the housing market on the mend, Freddie Mac reported in its weekly mortgage market survey. The 30-year fixed-rate mortgage after posting all-time record lows for the past three weeks reversed course this week and ticked up to 3.98 percent. Still, this is the eighth consecutive week that 30-year fixed-rate mortgages have remained below 4 percent, Freddie Mac reported. “Fixed mortgage rates ticked up this […]

International real estate shoppers eye Florida

Buying a Home

Florida attracted the most attention from international home shoppers who visited the Point2Homes consumer real estate listings portal for information on U.S. real estate in the fourth quarter. The San Diego-based firm released its U.S. International Real Estate Traffic Report for the fourth quarter, which shows Florida ranked first in the nation when it comes to its popularity among international investors. The state attracted 31% of all international traffic to its site, while Arizona came in second, drawing 19.44% of […]

10 Cities Where List Prices Soared in the Last Year

Buying a Home

List prices are heating up in Florida, as recovery takes hold in the Sunshine State. Florida boasts the highest number of cities in the top 10 for largest increases in median list prices in the last year. In Miami alone, median list prices have jumped 32 percent in the last year. Nationwide, median list prices have inched up 5.03 percent from December 2010 to December 2011, according to Realtor.com data. The following cities are where median list prices have increased […]

FHA serious delinquency rate inches up while originations decline

Other

The serious delinquency rate for Federal Housing Administration mortgages reached 9.6% in December, the highest level in more than two years, the Department of Housing and Urban Development said. More than 711,000 FHA-insured loans were seriously delinquent, up 18.9% from one year earlier, according to the HUD report. It’s also a 3.2% increase from the month before. The delinquency rate has been steadily increasing since passing 8.2% last summer. Meanwhile, originations are down. In December, the FHA insured 93,700 mortgages, […]

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