Submitted by Ralph Aponte on Tue, 12/10/2013 - 4:20am
3 of Top 5 NYC, Boston & DC
HSH.com, the nation's largest publisher of mortgage and consumer loan information, published an analysis of the 25 most expensive metropolitan areas to live.
The report explains that buying a home these days is costing more due to higher taxes, insurances and other expenses to live in the home.
Outside of San Francisco and Los Angeles, the central East Coast ranks number two, three and four.
The spillover effect is definitely impacting the Tri-State area of New York, New Jersey and Connecticut, with low inventories and rising interest rates.
Submitted by Ralph Aponte on Mon, 12/09/2013 - 5:58am
The FBI reminds holiday shoppers to beware of cyber criminals who are out to steal money and personal information. Scammers use many techniques to defraud consumers, from phishing e-mails offering too good to be true deals on brand-name merchandise to offering quick cash to victims who will re-ship packages to additional destinations. Previously reported scams are still being executed today.
Submitted by Ralph Aponte on Mon, 12/02/2013 - 11:58am
How fast is too fast when it comes to housing appreciation? That is the question that lurks in the back many people's house-buying minds these days. And that would make sense considering the severity of the recent implosion of the U.S. housing market back in 2008-10.
But now we have climbed back to a greater degree and it is 2014. So is now is a good time to revisit the question of a housing bubble?
And what are the important indicators should we look at when judging the timing of the top?.
Submitted by Ralph Aponte on Fri, 11/29/2013 - 8:35am
Submitted by Ralph Aponte on Wed, 11/27/2013 - 7:40am
The S&P/Case-Shiller index of property values released on Tuesday reported home prices advanced 13.3% after increasing 12.8% a month earlier.
The median forecast in a Bloomberg survey of 31 economists called for a 13% advance.
With low inventory still putting pressure on buyers, sellers are standing firm on asking prices - forcing buyers to compete.
The S&P report also indicates that the higher home values are helping increase gains in Americans’ net worth.
Counsellors Title Agency
Submitted by Ralph Aponte on Tue, 11/26/2013 - 6:56am
According to a recent study published by the National Association of Realtors, the summer and spring home-buying season will continue to challenge first-time homebuyers competing with all-cash offers.
The survey indicates that 28 percent are planning to buy due to relocation and 19 percent were downsizers. Of the total survey of home buyers, 19 percent were first-time homebuyers.
Tight inventories and rising home prices continued to hamper home purchases, with sales falling for the second month in a row in October, the National Association of Realtors reported today.
Submitted by Ralph Aponte on Thu, 11/21/2013 - 10:32am
Realtor.com released the results of its Winter Home Buyer Report that "point to" lingering positive conditions of this past home buying season to be setting the tone for winter home buyers. The press release stated that this winter's buyer will be the relocation buyer and "downsizer" looking to buy a house in the next four months.
Here are the stats from the report:
Top reasons consumers are looking to buy a home in winter:
+ 26 percent of respondents believe that sellers are more motivated to sell and willing to negotiate;
Submitted by Ralph Aponte on Thu, 11/14/2013 - 5:57am
Urban Land Institute Forecasts 2014 to be Inflection Point for Real Estate Market
The Urban Land Institute presented its forecast for the real estate market for 2014 and beyond. The optimistic view is fueled by “is underpinned by the anticipated increase in both debt and equity capital during 2014” and “…that the key threat to market recovery is the timing and pace of any interest rate increases”
+ Millennials will be moving the market, but not necessarily as homeowners
+ The second-tier cities should be leading the real estate recovery in 2014
Submitted by Ralph Aponte on Wed, 11/13/2013 - 2:08pm
U.S. mortgage delinquency rates continued to fall as reported for the third quarter of 2013.
This represents the seventh consecutive drop in delinquency rates, falling from 4.32% to 4.09%, and falling 23% from the prior year period of 5.33%.
These figures are based upon the report issued by TransUnion, which analyzed 52 million installment-based mortgages in the U.S., and projected that the national delinquency rate could drop even further to just under the 4% threshold.
Submitted by Ralph Aponte on Tue, 11/12/2013 - 4:54am
Recently National Association of Realtors published a survey which identified 5 skills ranked to be highly desirable (86%) by real estate buyers:
+ Knowledge of the buying process
+ Knowledge of the real estate market
+ Negotiation skills
Surprisingly, buyers were less interested (only 46%) in a broker's technological acumen.
Counsellors Title Agency