Housing inventory continues to remain low making it difficult for today’s buyers, Dec homes sales dip slightly and we get a guarranty for 2013. Here are the top real estate headlines you may have missed for this week.
Loans for fixer uppers
The New York Times
Low housing inventory has resulted in a lack of move-in ready homes available for sale. Many buyers, especially first time buyers, tend to overlook properties in need of extensive repairs, but a federally backed lending program enables buyers to roll the cost of necessary repairs into their mortgage, which can sometimes yield a quick return on investment. Full Story
U.S. finalizes rules for financial firms to avoid foreclosures
Los Angeles Times
In a major effort to heal the $10-trillion U.S. mortgage market, the Consumer Financial Protection Bureau has finalized rules designed to ensure financial firms offer every available option to keep delinquent borrowers in their homes.
Zillow sees slower growth in home values
San Francisco Chronicle
Zillow predicts that the median home value nationally will grow 3.3 percent this year compared with 5.9 percent last year. Full Story
Six reasons housing inventory keeps declining
Wall Street Journal
Home prices are picking up because the number of homes for sale continues to drop despite sales volume gains. The number of homes for sale fell to 1.82 million at the end of 2012, an 8.5 percent drop from November and a 21.6 percent decline from one year earlier, according to the NATIONAL ASSOCIATION OF REALTORS®. Read Story
Was this useful? Share or leave a comment below!
About Daniel Di Matteo
THE REAL ESTATE BUSINESS HAS LESS TO DO ABOUT SELLING PROPERTIES AND EVERYTHING TO DO ABOUT HELPING PEOPLE.
