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Monthly Archives: August 2012
Some States Rank High on ‘Housing Misery’ Index
Are some housing markets still suffering from the blues? Trulia’s Housing Misery Index takes into account the percentage of change in home prices from a state’s peak during the last decade compared to today as well as the percentage of … Continue reading
Posted in Distressed Properties, Foreclosures, Market Statistics
Tagged 2.Florida, delinquent, foreclosure, Housing Misery Index, market, Mortgages, Trulia
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Luxury Homebuilder Reports Higher Sales, Profits
Toll Brothers, the nation’s largest luxury home builder, reported that its third quarter earnings skyrocketed 46 percent over year ago levels as home buyer demand soars. Earnings rose to $61.6 million in the third quarter compared to $42.1 million a … Continue reading
Posted in Luxury Listings, Market Statistics, New Construction
Tagged Higher, Homebuilder, housing recovery, luxury, Profits, sales, Toll Brothers
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Small Commercial Building Sales Back to 2008 Levels
Trepp LLC is reporting that sales of small buildings nationwide have increased in 2012 to the highest level since 2008, with more and more buyers taking advantage of prices that have yet to rebound from the property boom going bust. … Continue reading
Posted in Market Statistics, Real Estate News
Tagged apartment communities, Building, commercial, increase, office buildings, sales, shopping malls, Trepp LLC
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Gov’t Sets New Bailout Terms for Fannie, Freddie
The Treasury Department announced tweaks to a bailout agreement with Fannie Mae and Freddie Mac that sets out to decrease the mortgage giants’ holdings faster and speed up repayment of taxpayer bailout money given to the companies. Under the new … Continue reading
Posted in Mortgage & Finance
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Survey Reveals Success of REALTORS® vs. FSBOs
Home sellers are more than twice as likely to get their homes sold if they use a REALTOR®, rather than trying to sell their home on their own, according to a new survey conducted by HomeGain of 400 home owners … Continue reading
Cities Weigh Eminent Domain for Underwater Mortgages
Several local governments across the country are considering using the power of eminent domain to seize underwater mortgages — a controversial move that has been drawing widespread criticism in recent weeks. While the governments are considering various ways how to … Continue reading
2 Ways to Become Mortgage-Free Faster
Many home owners dream of one day being able to pay off their mortgage, but is it really possible? Home owners will need to take into account a variety of factors when deciding whether paying off their mortgage makes the … Continue reading
Posted in Mortgage & Finance
Tagged balance, bi-weekly, extra principal payments, interest, loan balance, mortgage, pay off your mortgage, payment
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Housing Permits at 4-Year High, Builders Still Cautious
Housing permits — a future gauge for home building — reached its highest level since August 2008, rising 6.8 percent in July over the previous month, the U.S. Census Bureau reports. What’s more, building permits are up nearly 30 percent … Continue reading
Posted in Market Statistics, New Construction
Tagged builders, building permits, Census Bureau, construction, Housing permits, rise
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For Third Week, Mortgage Rates Inch Higher
Fixed-rate mortgages once again inched up this week, the third consecutive week of increases after reaching all-time lows, Freddie Mac reports in its weekly mortgage market survey. “The latest economic indicators point toward low inflation but gradually stronger economic activity … Continue reading
Posted in Mortgage & Finance
Tagged fixed mortgage rates, Freddie Mac, increase, mortgage, Rates
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The Agency Florida 