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Owner-occupancy rates of real estate owned sales are plummeting as investors who recognize their economic value are taking advantage of bulk transactions, a trend that nonprofits and trade groups are closely monitoring. New Vista Asset Management, a San Diego-based provider of real estate services for sellers of foreclosed residential homes, performed a three-year study that found 17 of 18 counties hit hardest by the country’s mortgage crisis experienced a drop in REO properties sold to owner-occupiers. The company tracked all real estate sale transactions closed in the first quarter of […]

Glut of Foreclosures Keeps Pressure on Housing Market; Consumer Confidence Jumps Home prices declined in September and are poised for a grim winter as banks step up their efforts to take back and sell foreclosed properties. Prices fell 0.6% from August, according to the widely watched Standard & Poor’s/Case-Shiller index of 20 major metropolitan areas, breaking a five-month run of increases during the spring and summer, when higher sales volumes typically firm up prices. For the third quarter, prices were down 3.9% nationwide compared with a year earlier, a slight […]

“The nation is not even halfway through the foreclosure crisis,” suggests a new report from the Center for Responsible Lending, “Lost Ground, 2011.” In the report, the Center for Responsible Lending analyzed 27 million mortgages issued over a five-year timespan. Researchers found that at least 2.7 million mortgages issued from 2004 through 2008, or 6.4 percent, have ended in foreclosure as of February 2011. Also during that time period, researchers found that 3.6 million households — or an additional 8.3 percent — are still at immediate or serious risk of […]

Pending home sales in Broward County, Fla., home of the Miami metropolitan statistical area, increased 25% in October to 3,356 pending listings compared to 2,633 a year earlier. Those numbers come from the latest Miami Association of Realtors report. Single-family home and condominium sales pending during the same month increased 43% and 16% year-over-year, respectively, the report said. “We continue to see encouraging market performance in Broward County,” said Terri Bersach, president of the Broward County Board of Governors of the Miami Association of Realtors. “The fact that contract activity […]

Native of Pittsburgh, PA. Graduated from Penn. State University with B.S. in Civil / Structural Engineering. Worked in Washington D.C. from 1979 to 1988. Have lived and worked in West Palm Beach since 1988. 1992 obtained my Florida Real Estate Linense and joined the Keyes Company. I believe in providing personal service with honesty and integrity! Click here to search for a gay or lesbian real estate agent anywhere in the country. Professional/Personal Distinctions: National Assoc. of Realtors, Florida Assoc. of Realtors, Realtor Assoc. of the Palm Beaches, Multi-Million Dollar […]

How can you help your home buyers zoom in on the perfect home for them, without having to see every home listed for sale? Here are a few items for them to consider: Condition: “Some homes take more work than others,” an article at Realty Times notes. For example, an older home may need replacements for appliances and systems from wear and tear over time. The process of scheduling an appliance repair service with https://www.kelownaproappliance.ca/ is easy. Foreclosed homes may have damage from sitting vacant for so long. Home buyers […]

Pending sales of existing U.S. homes surged in October by the most in nearly a year as Americans took advantage of low interest rates for mortgages, data from a real estate trade group showed on Wednesday. The National Association of Realtors Pending Home Sales Index, based on contracts signed in October, rose 10.4 percent to 93.3 from 84.5 in September. That was the biggest monthly gain since November 2010. Economists polled by Reuters had expected pending home sales to climb 1.5 percent. “We hope this indicates more buyers are taking […]

After Dyna Contracting remade a Milton Stricker-designed home in Mount Baker, a family found its dream house. The home is one of those featured on this year’s Mount Baker home tour Dec. 3 SOMETIMES YOU just know what you know. “When we walked in I said, ‘It’s my house; that’s it!” says Robin Shapiro, talking about her Mount Baker Midcentury made newly modern. “I knew I was sunk,” says her husband, Mike Riley. “I knew it was a done deal. “We got lucky.” And by lucky he doesn’t mean Lucky, […]

STATS: A 7,847-square-foot home with five bedrooms and 5½ bathrooms asking $4.4 million, or $560 a square foot. Property taxes in 2011 are $35,003. The house was originally listed for $5.9 million in 2008 and taken off the market a year later. DETAILS: This shingled, Hamptons-style home sits on 1.4 acres on the side of Lake Oswego’s Iron Mountain. The study is paneled in African mahogany. The master bath, which includes a steam shower, looks out at Lake Oswego, Mount Hood and the Willamette Valley. The house also has a […]

New York City foreclosure filings dropped 32% in the third quarter over last year. Lenders filed 3,168 foreclosures on single-family and multifamily properties during the quarter, according to a study from New York University Furman Center for Real Estate and Urban Policy. The notices, the first stage in the foreclosure process, also dropped 5.4% from the previous three months and were down more than 46% from the peak in 2009. Roughly 73% of all filings occurred in either Brooklyn or Queens. Over the last two quarters, notices have been more […]