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Data point to a moderation in home sales after recent hefty gains Pending sales of existing U.S. homes fell more than expected in December, industry data showed on Wednesday, pointing to a moderation in home sales after recent hefty gains. Homeowners have recently started adding to their home’s value through home renovations, this can be an option for you if you’re having a tough time selling your home. Adding value with new deck construction or a flooring replacement can definitely […]

Net absorption rates in the U.S. turned positive during 2011 for all major property types, according to CBRE Econometrics, which expects the trends to continue in 2012 on the heels of employment growth and then accelerate in 2013. The absorption rate is the percentage of units expected to be rented or purchased over a period of time. After a downturn across all property types, annualized apartment absorption turned positive at the beginning of 2010, office by mid-2010, industrial in 2010, […]

Many in the real estate industry were concerned that a change announced last year to the maximum seller contributions allowed for Federal Housing Administration-insured loans could cause more deals to fall apart. The FHA announced last year that it would cut seller contributions from 6 percent to 3 percent for purchases using FHA-insured loans. Seller concessions, such as seller assistance to buyers in closing costs, can play a big part in FHA-financed home sales and in closing deals, real estate […]

New single-family home sales fell 2.2% to an annual rate of 307,000 in December from 314,000 a month earlier, according to the Commerce Department. The seasonally adjusted rate, dropped 7.3% from 331,000 a year earlier. The preliminary estimate for actual new homes sold in 2011 came in at 302,000, 6.2% below 323,000 sold in 2010. Annual sales marked a new low since at least 1963, the start of Commerce Department records. For some perspective, builders sold 1.28 million new homes […]

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Being a part of the LGBT community I understand the issues we face when looking to buy or sell Real Estate, I want to make your experience as easy as possible. With having many years of experience and knowledge of the Real Estate business, I can help you and your partner make this a great experience. 

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When you compare the cost of owning a home to renting, you’ll find that buying may soon make more sense, Paul Diggle, a housing economist at Capital Economics, told MSNBC.com. Diggle’s analysis of the housing market showed a 33 percent drop in home prices, record-low mortgage rates (with 30-year fixed-rate mortgages available under 4 percent now), and a 15 percent rise in rents since the housing market turned sour are making more consumers take a closer look at buying. “The […]

Even if the promising mortgage refinancing plan President Obama announced Tuesday night passes Congress, critics say it will fall short of solving the deepest housing problems. The White House did not release great amounts of detail, but the plan would help homeowners current on their mortgage to refinance down to a lower rate and save an average $3,000 a year on payments. The plan widens the Home Affordable Refinance Program to include mortgages not guaranteed by Fannie Mae and Freddie […]

Nearly three out of every four home owners say they are satisfied with their purchase – and the No. 1 reason for their satisfaction is pride they feel about owning a home, according to HomeGain’s 2012 National Home Ownership Survey. In addition to pride, home owners also said they enjoy the freedom and control they have to make improvement and upgrades to their home. Of the 1,400 home owners surveyed nationwide, satisfaction was found to be highest in the Northeast […]

Mortgage servicers filed roughly 61,500 notices of default in California during the final three months of 2011, down nearly 12% from the same level the year before, according to real estate analytics firm DataQuick. The pace is the second-lowest level in more than four years. In the second quarter, notices of default totaled roughly 56,600 but increased the next three months to more than 71,200. From there, DataQuick said, new foreclosure filings dropped 13.7% in three months ended Dec. 31. […]