Monthly Archive
for: ‘June, 2011’

Pending Home Sales Turn Around in May

Pending home sales rose strongly in May with all regions experiencing gains from a year ago, pointing to higher housing activity in the second half of the year, according to the National Association of REALTORS®. The Pending Home Sales Index rose 8.2 percent to 88.8 in May from an upwardly revised 82.1 in April and …

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Where Major Real Estate Listing Websites Fail

As buyers wade back into the market, there’s plenty of information to be found online. And that may be more trouble than it’s worth. arlier this year, a client asked Troy Deierling, a realtor in Sedona, Ariz., to set up appointments for three homes he’d seen online. Those viewings never happened: In spite of their …

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HUD releases new program for borrowers at risk of foreclosure

Monday, June 20th, 2011, 1:24 pm The Department of Housing and Urban Development launched a long-awaited program to provide interest-free loans to help unemployed borrowers in 27 states with their mortgage payments. “Through the Emergency Homeowners’ Loan Program the Obama Administration is continuing our strong commitment to help keep families in their homes during tough …

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Mortgage rates near levels not seen since the 1950s

Three decades ago, Michael and Marlene Tallant would have loved to have mortgage interest rates that are available now — below 5 percent. Instead, when they purchased their first home in Dormont for $70,000, they had to work with a rate of about 16 percent. “We had a figure that we could afford, and since …

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Look Who’s Searching For Sun Valley Real Estate

According to the 2010 Profile of Home Buyers and Sellers released by the Association of Realtors, Eighty-nine to Ninety percent of home buyers used the Internet as one of the main sources of information used in their home search process. This is one of the main reasons that before listing your property for sale with …

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Agents Expand Marketing Services to Lure Clients – My Approach is Different!

Many agents are changing the services they provide and are starting to focus on various aspects of the real estate business other than just selling and marketing homes as noted in the article below. My personal approach is steadfast – Marketing and Selling Real Estate Only! Taking your eye off the ball during tough market …

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Federal fees halted to 3 mortgage servicers

Three of the nation’s largest mortgage servicers will no longer receive payments tied to their participation in the Obama administration’s main foreclosure prevention initiative until they improve their performance in that program, a senior administration official said Wednesday. Bank of America, J.P. Morgan Chase and Wells Fargo need to make “substantial improvements” to collect fees …

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Top rental markets about to “explode”

Numerous recent reports claim renting is on the rise, but John Burns Real Estate Consulting believes demand is top markets is about to “explode,” with some cities seeing a 25% growth over the next three years. According to John Burns, there are about 3.4 million units of pent up demand for rental housing bolstered by …

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Fannie Mae Issues New Servicing Standards for Delinquent Mortgages

Fannie Mae laid out new standards for mortgage servicers Monday related to the management of delinquent loans, default prevention, and foreclosure timeframes. The move is part of the Servicing Alignment Initiative announced by the company’s regulator, the Federal Housing Finance Agency (FHFA), in late April to bring both Fannie Mae’s and Freddie Mac’s procedures for …

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Housing short sales may be targeted for fraud

Short sales may be targeted for fraud A study estimates that banks and distressed home sellers will lose more than $375 million this year when they sell undervalued houses to tag teams consisting of realty agents and investors. Are banks and distressed home sellers getting rooked on a massive scale in the booming short-sale arena …

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Nation’s Unemployment Rate Rises to 9.1%

The national unemployment rate edged up to 9.1 percent in May from 9.0 percent in April, according to figures released Friday morning by the U.S. Department of Labor. The economy added just 54,000 jobs last month, the worst showing in eight months. Employment increases averaged 220,000 over the prior three months. Freddie Mac’s chief economist …

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U.S. Mortgage Rules May Limit Home Buying to Affluent, Housing Groups Say

Minorities and the working class may find it harder to buy homes under a U.S. plan that would require larger down payments to qualify for lower-cost mortgages, according to lenders, consumer groups and lawmakers. Bankers and consumer advocates, often at odds on policy issues, united today to make the case for revising the government proposal …

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Allstate Invests in Real Estate, Infrastructure to Guard Against Inflation

June 1, 2011 Allstate Corporation, the home and auto insurer with more than $80 billion in fixed-income investments, is scaling back bond holdings and buying real-estate equity and infrastructure assets as it prepares for rising inflation. “We should favor alternatives and inflation protection over fixed income,” Chief Investment Officer Judy Greffin told investors today. “That …

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Listing Expired – House still unsold? Part 3: What it takes to sell in todays market

What your prospective buyers see when they drive up in front of your house can actually determine what they will see when they get inside. That may sound strange, but we humans are strange. There’s no getting away from it. Our brains pick out what we’re expecting to see and often ignore that which we …

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Weather Forecast: Sun Valley, Idaho
  • Chance of Snow
    Today
    34°F / 7°F
  • Mostly Sunny
    Fri
    34°F / 16°F
  • Snow Showers
    Sat
    25°F / 5°F

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