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Loan Demand Falls as Rates Move Up

Mortgage Loan

As mortgage rates rose last week, mortgage applications dropped 3 percent, moving to their lowest level since November 2011, the Mortgage Banker’s Association reports.

How to Sell a Multi-Million Dollar Home

Other

Marketing a $27 million home, such as this estate listed by Arthur Sharif, differs largely from marketing a $270,000 home.

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Agency Warns Banks on Home Equity Loans

Mortgage Loan

In about two years, monthly payments are set to rise on many home equity loans that were made before the financial crisis. In a new report, Moody’s Investors Services warns that lenders could face steep losses unless they’re proactive in modifying the loans of borrowers who may not be able to handle the higher payments.

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Featured Palm Springs Gay Realtor: Ryan, HK Lane/ Christie’s International Real Estate

Buying a Home

Ryan has a passion for real estate which is exemplified by his impeccable customer service he provides to his clients. A California native with a degree in Mass Communications from Boston’s Emerson College, Ryan returned to his roots in Southern California to become a successful television producer with some of his work receiving an Emmy nomination. The purchase and renovation of his first home led him to a fantastic and rewarding career in real estate and development. His success has been featured in Money Magazine and on the cover of […]

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Higher LTVs lead to steep price drops: Pro Teck

Buying a Home

Higher loan-to-value ratios may suggest a property is well valued, but more often than not, steep LTVs precede sharp declines in home prices, Pro Teck Valuation Services claims. The company made this assumption in its latest Home Value Forecast. The valuation firm says local housing markets with higher LTVs during the 2004 through 2006 housing bubble ended up facing steeper price drops when compared to neighborhoods where homeowners maintained lower LTVs during the bubble. The rapid price declines generally kick in after market shocks send homeowners with less equity searching […]

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Pending Sales at Strongest Pace Since 2006

Selling a Home

Pending home sales rose in May to the highest level since late 2006, implying a possible spark as mortgage interest rates began to rise, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 6.7 percent to 112.3 in May from a downwardly revised 105.2 in April, and is 12.1 percent above May 2012 when it was 100.2. Contract activity is at its strongest pace since December 2006, when it reached 112.8. Also, pending sales have been above year-ago levels […]

Featured Bennington Gay Realtor: Troy, RE/MAX Maple Leaf Realty

Buying a Home

I am a native Vermonter, and grew up in Newbury, Vermont. After living in Boston, Massachusetts and Baltimore, Maryland I have returned home to Vermont to be closer to family and to get away from city life.

Featured Portland Gay Realtor: David, Architecture TEN Realty

Buying a Home

I run a full-service home sales and marketing firm in Portland, Oregon that’s committed to your success. When you buy your next home, you’ll have many opportunities and challenges, especially in today’s market – low interest rates and an abundance of distressed properties (both short-sales and bank-owned).

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The 10 Fastest-Growing Suburbs

Buying a Home

Not everyone is moving to the city. Suburbs remain popular among home buyers.

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Fewer Home Owners Falling Behind on Payments

Buying a Home

The U.S. delinquency rate on mortgages continues to fall, marking a positive sign for the housing recovery. The delinquency rate fell 2.11 percent in May and is 12.01 percent below year-ago levels, according to “first look” mortgage performance data from Lender Processing Services. LPS will issue its detailed report in early July. The delinquency rate is 6.08 percent, with about 3 million properties that are 30 or more days past due on their mortgage payments but not yet in foreclosure. Meanwhile, there are about 1.5 million homes in some stage […]

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