Lending Standards, Rising Rents Box in Single Buyers
Once the hottest trend in real estate, single homebuyers find themselves trapped between soaring rents and stiff underwriting standards that make it tough for a single income-earner to qualify for...
View ArticleJanuary Inventories Fell 25 Percent Below 2012
How far can inventories fall? The latest existing home data suggests we have yet to find out because they are still in freefall just two months before the spring buying season nears. Will sellers warm...
View ArticleHottest Market Sales Going for a Premium Over List Price
How long has it been since you heard the words “sold at a premium over list price?” For the past six years, sales prices ended up somewhere south of list prices by at least five percent. Now, in the...
View ArticleForeclosure Discounts are All Over the Map
The low prices that make foreclosures attractive to investors also make foreclosures toxic to communities and homeowners. The discount between “normal” priced homes and the prices paid for properties...
View ArticleDid Real Estate Investing Peak Last Year?
Have real estate investments peaked? After years of growth during the Foreclosure Eva, investment purchases declined slightly last year after surging 64.5 percent in 2011. With the cost and competition...
View ArticleForeign Buyers Go Home
The boomlet in foreign purchase of US residential property is apparently over. Purchases by international buyers fell 17 percent last year, down approximately $14 billion from the previous year....
View ArticleMortgage Rate Rise Drives Sales
Pending home sales rose in May to the highest level since late 2006, possibly driven by buyer fears that mortgage rates will rise further. The Pending Home Sales Index from the National Association of...
View ArticleForeclosure Discounts Fade Away
Two years ago, to the delight of investors and the anguish of homeowners, foreclosures regularly sold for 30 percent or more below the price of “normal” homes. How times have change! Now the...
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Realtors Now as Old as Congressmen
The median age of Realtors now is the same as the median age of members of the current US House of Representatives, according to the latest member profile from the National Association of Realtors....
View ArticleBoomerang Buyers Can’t Get a Loan
A growing number of the 7 million former home owners who lost their home either to foreclosure or short sales can’t shake the homeownership bug, Now that the housing sector is recovering, many of these...
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