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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, […]

Lenders are increasingly becoming more accepting over short sales as they seek more solutions to help struggling home owners avoid foreclosure, according to a recent article at MSNBC.com. “Foreclosure sales are pretty devastating,” Faith Schwartz, executive director of Hope Now, a resource for cash-strapped home owners, told MSNBC.com. “We’d much prefer a [loan] modification, but if [home owners] don’t quality, then the next best alternative is deed-in-lieu or short sales.” Short sales and foreclosures increased in 2010, but in 2011, short sales continued to climb even more (increasing 26,000 nationwide) […]

Michael is a full time realtor working in the Palm Beach County real estate market. His main focus is the residential market – single family homes, condominiums, and townhomes. Michael sells millions of dollars in real estate each year, including new homes and luxury waterfront apartments. He knows how to market your home to get it in front of potential buyers. Michael brings great experience, a strong work ethic, and top-notch customer service to his relationships with each of his clients, and he knows the Palm Beach County market inside […]

Pending home sales continued to gain in November and reached the highest level in 19 months, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 7.3 percent to 100.1 in November from an upwardly revised 93.3 in October and is 5.9 percent above November 2010 when it stood at 94.5. The October upward revision resulted in a 10.4 percent monthly gain. The last time the index was higher was in April 2010 when it reached 111.5 as buyers rushed […]

The number of seriously delinquent mortgages in the nation’s largest metropolitan areas slowed this year, according to a new study from the Urban Institute. But foreclosures remain a burden on the housing market, prompting the policy research group to call for a resolution to the housing crisis to ensure the foreclosure backlog is cleared out in a reasonable time period. The institute said the serious delinquency rate in the 100 largest metro areas slowed to 9.3% in June from 10.4% in December 2009, according to data from Foreclosure-Response.org. The Urban […]

Where are the most “secure places” large or mid-size metro areas in the nation to live? The annual Farmers Insurance Group of Companies ranked nearly 400 communities based on safety and security in its eighth annual study on the “most secure places to live for 2011.” The rankings take into account such factors as crime stats, natural disasters, housing depreciation, foreclosures, air quality, environmental hazards, life expectancy, and car accidents. If you live in an unsafe area, you can always get close protection services for additional security. According to the […]

Prices in Seattle slipped an additional 1 percent in October from September, bringing the local index back down to where it was this spring, the Standard & Poor’s/Case-Shiller data show. Any momentum that the beleaguered Seattle housing market might have built up over the summer seems to have evaporated, according to a closely watched index of home prices. The Standard & Poor’s/Case-Shiller index, released Tuesday, showed that prices in Seattle slipped an additional 1 percent in October from September, bringing the local index back down to where it was this […]

Home prices in October declined in 19 American cities, as the Standard & Poor’s/Case Shiller home price index showed drops in both the 10-city and 20-city composites. According to the latest S&P report, home prices declined 1.1% and 1.2% for the 10- and 20-city composite indexes.   “There was weakness in the monthly statistics, as 19 of the cities posted price declines in October over September,” said David Blitzer, chairman of the Index Committee at S&P Indices. “Eleven of the cities and both composites fell by 1.0% or more during […]

The wealthy were taking advantage of the housing market in 2011, snagging homes at record-breaking prices particularly in markets like San Francisco, Manhattan, and the Hamptons. “We think the reason the high-end market is doing well is [that] investors think this is the bottom of the market,” Philip A. White, chief operating officer of Sotheby’s International Realty, a network of luxury real estate companies, told BusinessWeek in a recent article. Here’s a recap of some of this year’s “blockbuster sales” in the luxury home market, according to BusinessWeek: Russian tech […]

Home prices dropped 0.2% in October from the previous month, the Federal Housing Finance Agency said Thursday. The agency’s seasonally adjusted house price index decreased 2.8% from a year ago. The September measure was adjusted lower to a 0.4% increase from an initial 0.9% reading. The home price index, calculated using data from Fannie Mae and Freddie Mac mortgages, rose 0.2% in the third quarter on a seasonally adjusted basis. October prices were 19.2% lower than the April 2007 peak for the index and are at levels comparable to February 2004. Only two regions, as measured by the […]