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2014
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On January 30, 2014, National Association of Realtors (NAR) reported that under contract pending home sales decreased 8.7% in December 2013, from November 2013, and 8.8% lower from December of 2012. Pending home sales, in the Northeast declined 10.3%, in the Midwest fell 6.8%, in the South droppe...
01/31/2014
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On January 16, 2014, National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released latest data shows demands for new homes decreased one point to 56 points for January 2014, based on sales conditions, expectations, and buyers‘ demands for new homes. Regionally, the West i...
01/30/2014
On January 17, 2013, California Association of Realtors (C.A.R) reported that condo and town-homes prices decreased 3.7% in December 2013 from November 2013, but increased 24.1% from December of 2012. There were 2.7 months supplies of available inventory single family homes in December of 2013, ...
01/27/2014
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On December 18, of 2013, Michael Hyman, research assistant at Realtor.org reported that housing affordability is slightly higher in October of 2013, but lower from in October of 2012, due to increase in mortgage rates. Slightly higher interest rates did not have impact on some home buyers to off...
01/27/2014
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On January 23, 2014, National Association of Realtors® (NAR) reported that regional existing home sales nationwide were varied in December 2013. Home sales in the Northeast was lower 1.5% in December of 2013 from November 2013, but 3.2% higher from December 2012. The average price in the Northea...
01/26/2014
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On January 23, 2014, National Association of Realtors® (NAR) reported that nationwide existing home sales in December of 2013 increased 1.0% from November 2013, but lower 0.6% from December of 2012. There were 4.6 months supplies of available inventory homes in December of 2013, lower from 5.1 m...
01/25/2014
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On January 14, 2014, Carrie Bay dsnews.com reported that Congressman Bill Foster (D-Illinois) introduced Homeowners Debt Relief Extension Act (H.R. 3856) bill to extend the Mortgage Debt Relief Act 2007 exemption until January 1, 2016, by repealing the tax exemption to oil and gas companies, to m...
01/22/2014
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On December 30, 2013, Lender Processing Services, Inc. (LPS) released the latest edition Home Price Index (HPI) October 2013 report, of non distress residential home sales, included discounts for REO and short sales. Rhode Island was the highest States with an increase of 0.8%, while Oklahoma was...
01/19/2014
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On January 17, 2013, California Association of Realtors (C.A.R) reported that home prices decreased 6.7% in December 2013 from November 2013, and 18.6% from December of 2012. There were 3.0 months supplies of available inventory single family homes in December of 2013, lower from 3.6 months in N...
01/17/2014
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Nowadays, there too many distress properties available in the market, and in some cases those properties don’t have marketable clear title. It is important in a distress property buyer must ensure the title on the property is clean and marketable without any cloud on the it; the buyer must do the...
01/12/2014
