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Several Housing Markets Head for Appreciation in 2012

Other

A boom in farm prices has caused many Midwest cities to emerge as leaders for some of the strongest predictions for housing appreciation in 2012. Kansas City, Kan., came in the top spot in HousingPredictor’s annual survey, forecasting an appreciation of 5.8 percent for this year. “The recovery is starting in housing with these cities and will eventually spread to other communities throughout the nation as the U.S. recovers from the worst collapse in real estate since the Great Depression,” according to HousingPredictor. Here are the top cities expected to have housing […]

Featured Gay Realtor: Bryan Thompson, Agentowned Realty Company, Charleston, SC

Buying a Home

A native South Carolinian, Bryan Thompson has many years of selling and marketing leadership, ready to put to work for you! With the majority of his working career with Marriott Hotels and Resorts, Bryan was responsible for all marketing and sales activities for the Renaissance Charleston Hotel-Historic District for over five years. Bryan Attended high school in Fort Lauderdale, Florida during the gay 80’s and came out then. College at University of South Carolina-Upstate. In addition, Bryan recently completed the graduate level program EFM from Sewanee, The University of the […]

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What Does the Average Home Owner Pay on a Mortgage?

Buying a Home

Hawaii home owners tend to take on the most debt in their home purchases with an average home loan amount of $677,299, according to a recent study by LendingTree.com, which revealed the average loan amounts on residential real estate purchases in 2011. That means the average home owner in Hawaii would have a monthly payment of about $3,234 for a 30-year mortgage, before taxes and insurance, according to LendingTree data. Meanwhile, in Mississippi, home owners take on the lowest loan amounts at $137,182or $655 monthly mortgage payments, on average. The […]

Mortgage modification workshop coming to St. Lucie

Mortgage Loan

Troubled borrowers in South Florida have another chance to meet face-to-face with lenders. United Financial Counselors is sponsoring a foreclosure-prevention workshop Thursday (Jan. 5) in Port St. Lucie. The event will be from 10 a.m. to 7 p.m. at Divine Anointing Worship Center, 402 S.W. Hibiscus St. To set up an appointment, call (786) 288-5320 or (877) 509-3160. Representatives from GMAC and Chase, along with local attorneys and accountants, will be on site to offer free advice. Some homeowners may leave with mortgage modifications, said Jason Walowitz, president of United […]

Low mortgage rates not enough to drive demand, survey finds

Mortgage Loan

Even the demand for refinance mortgages, which accounted for more than 80 percent of all applications, fell slightly. Lenders were offering 30-year fixed-rate mortgages to solid borrowers at an average of 3.95 percent this past week, according to Freddie Mac, the ninth consecutive week of rates at or below 4 percent. That wrapped up a year of record lows for the survey, which dates to 1971. In 1981 and 1982, the average 30-year mortgage carried an interest rate of more than 16 percent, and the typical rate was above 8 […]

FHA says: Flip that house

Other

Flippers, the real estate investors who buy homes on the cheap and quickly resell them at a profit, just got a reprieve from the Federal Housing Administration. In an effort to help stabilize housing prices and unload some of the foreclosures that are flooding low-income communities, the mortgage insurer extended a waiver of its anti-flipping regulations through 2012. The waiver, which was initially issued in 2010 and set to expire this month, suspends regulations that prohibit the agency from insuring mortgages used to purchase homes that are bought and resold […]

Gay Realtor Scott Wagner

Featured Gay Realtor: Scott Wagner, Re/MAX of Juneau, Juneau, AK

Buying a Home

I specialize in representing my clients in the purchase and sale of condominiums, attached homes, and single-family residences within the Juneau-Douglas area of Southeast Alaska. I’ve been serving my clients Real Estate needs since 2004 both in Juneau and Seattle. I value Integrity, Honesty, and Professionalism in my client relationships. I grew up in Arlington, Washington, about an hour north of Seattle. I am a 1998 graduate of the University of Washington School of Business. For fun I enjoy the many outdoor activities Juneau has to offer as well as […]

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Fixed mortgage rates end year above record lows

Mortgage Loan

Fixed mortgage rates rose slightly this week off their record lows. The year ends much like it began, with few people able to take advantage of the best rates in history. Fixed mortgage rates rose slightly this week off their record lows. The year ends much like it began, with few people able to take advantage of the best rates in history. Freddie Mac said Thursday that the average on the 30-year home loan increased to 3.95 percent from 3.91 percent. Last week’s rate was the lowest average on records […]

Constitutionality of home insurance laws questioned

Buying a Home

A local public home  insurance adjuster and the president of a home inspectors group allege that parts of property insurance laws passed this year and last hurt their industries and are unconstitutional. According to Money Expert, most homeowners insurance policies will cover your home’s structure, personal property, and even living expenses if you’re displaced from your home and liability protection if there’s an accident in your home. Each homeowners insurance policy will look slightly different depending on the coverage you choose, the add-ons you include in your plan, and where […]

Buyers, sellers continue to butt heads on home prices

Buyers, sellers continue to butt heads on home prices

Buying a Home

Most Americans feel now is a good time to buy a home, but those who want to sell are having difficulty finding buyers at desired prices, causing seller sentiment to fall to record lows. The low opinion is causing a wide gap between homebuying and home selling that won’t narrow for at least the next five quarters, according to a new report by the Mortgage Bankers Association‘s Research Institute for Housing America. From 1992 to 2005, positive seller sentiment fluctuated between 40% and 60%, according to the report. Since 2005, […]

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