Poor service among reported among lenders, staggering 81% rise in home prices and much more. Here are the latest real estate headlines you may have missed:
Potential borrowers eager to find lenders with superior service (via Los Angeles Times)
A poll by Carlisle & Gallagher Consulting Group found that more than a third of potential borrowers would be willing to pay a higher rate if the mortgage came with superior service. The survey didn’t say how much more the 34 percent were willing to pay, but it did find that this group is a frustrated bunch. Read Full Story
Home prices rise in 81 percent of U.S. cities as markets recover (via Bloomberg)
Prices for single-family homes rose in 81 percent of U.S. cities as the property market extends a
recovery from the worst crash since the 1930s. Read Full Story
Borrowing to build your own home (via The New York Times)
As the housing market begins to improve, new homes are popping up again in prime areas. If
lenders are staying away from speculative building projects, some are willing to finance new
construction for buyers who put substantial money down. Read Full Story
Wells Fargo sends refunds to some FHA mortgage customers (via Los Angeles Times)
Thousands of Wells Fargo home loan customers recently received a surprise in the mail:
Refund checks from the bank, along with a letter saying they had paid unnecessary fees for
their mortgages. Read Full Story
Possible end of mortgage tax deduction worries homeowners (via Mercury News)
Tax reform has been a frequent campaign issue this year, with tax cuts enacted under former
President George W. Bush scheduled to expire at the end of this year. Among the many
changes discussed is one beloved by homeowners – the mortgage interest deduction. Read Full Story
After housing crash, people want new styles of houses (via Mercury News)
As the real estate market starts to recover, home builders, especially those in California, are
betting that many buyers will want new houses that are different from the big suburban tract
homes that proliferated during the boom. Read Full Story
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About Daniel Di Matteo
THE REAL ESTATE BUSINESS HAS LESS TO DO ABOUT SELLING PROPERTIES AND EVERYTHING TO DO ABOUT HELPING PEOPLE.
