The high re-default rate on mortgages modified through the government’s Home Affordable Modification Program is mostly because of borrowers who received the smallest reduction in payments through the program, are still underwater on their loans, or have subprime credit scores, according to a new report by the Special Inspector General for the Troubled Asset Relief Program.

Client focused real estate professional serving the LGBT community in NNJ, whether selling or buying a home. My commitment and number one priority is you and your interests. I employ over a decade of experience and expertise in marketing and technology to get your home maximum exposure if selling. If you’re looking for a home, I have an intimate and extensive knowledge of the markets to connect you with a home that is a perfect match to your lifestyle.

New homes sales inched up in June, rising to 497,000 completed transactions, according to government data. When evaluating single-family homes specifically, sales climbed 8.3% in June, above the revised May rate of 459,000 units. Last month’s sales hovered 38.1% above the June 2012 estimate of 360,000 sales, the Census Bureau and the Department of Housing and Urban Development noted in a report released Wednesday. Most of the fundamentals right now for the new home market are very favorable especially low […]

Applications for mortgage refinances continued to tumble last week as mortgage rates hovered near two-year highs. The total number of mortgage applications “including refinances and home purchases” dropped 1 percent last week compared to the prior week, according to the Mortgage Bankers Association. Applications for refinances were down 1 percent, reaching its lowest level in two years. The index measuring applications for home purchases “an indicator for future home sales” dropped 2 percent last week compared to the previous week. […]

Twenty-three years ago, my husband and I moved from New York City to Los Angeles. In addition to our three married children, my home, family and a secure future are all very important to me.

The housing inventory may be wearing thin, but there’s still an abundance of distressed homeowners with properties up for grabs.

While homes may languish on the sale market for any number of reasons, the most common cause is an inappropriate listing price. Typically, this means the real estate agent allowed the owners to set the asking price too high without scheduled reductions and that he or she failed to walk away from a bad listing.

Born and raised in affluent Potomac Maryland, Oliver developed an interest in Luxury Real Estate at an early age… Beginning his career in Hotel Management he began buying and selling properties until he finally made the full transition into Real Estate Sales. Bringing together his customer service skills developed in the Hotel industry and his understanding of Real Estate from both the buying and selling side, Oliver opened his Real Estate sales business in 2003. Oliver spent 6 successful years […]

Disappointment seemed to flood the housing industry upon Monday’s existing-home sales report for June, which revealed total existing-home sales fell from May. Many analysts saw this as a smaller piece of a bigger picture that rising interest rates are deterring potential homebuyers from entering into the market. However, custom home builders should have slept easy last night, as the drop in existing-home sales actually supports a positive housing outlook for them. The primary competitor to public homebuilders is existing-homes for […]

Investors eager to pick up rental properties should be eyeing several metros, particularly out West, where rental rates have skyrocketed over the past year. The San Francisco Bay Area has seen some of the largest rent hikes  an increase of 7.8 percent in the second quarter of this year compared to the same time period a year ago, according to Texas-based market-research firm MPF Research. Of the top 50 U.S. metros with the highest average rent growth, the following areas […]