Here’s what you might have missed this week in real estate news. Neighbors’ effect on appraisals The New York Times When calculating the value of a property, an appraiser also factors in surrounding conditions. Neighborhood nuisances like an overgrown yard or a resistant odor could, in some cases, bring down the value of adjacent homes […]
Fed Regulators to Mortgage Lenders: No-Doc, No-Loan
As if common sense wasn’t needed in the mortgage industry, new federal regulations require mortgage lenders to verify that prospective borrowers can meet the repayment terms of their mortgage loans. Under the Dodd-Frank Act, the rules prohibit the “no-doc” loans common during the housing bubble. Before making a loan, lenders must document the borrower’s job […]
Headlines in Real Estate for week ending February 8th 2013
As prices continue to push higher, FHA continues to raise its reserves passing the cost on to new borrowers which could leave many wouldbe home buyers on the outside looking in. Here are the real estate headlines you may have missed this week: FHA to hike premiums on mortgages CNNMoney The Federal Housing Administration, which […]
Headlines in Real Estate for week ending January 18th 2013
Al look at real estate headlines you may have missed this week. Sharp increase in home prices, fiscal cliff benefits, interest rates and so much more. Year-over-year U.S. home prices up sharply in November San Francisco Chronicle U.S. home prices in November extended their steady recovery from the housing bust, rising 7.4 percent compared with […]
Where Are House Prices Headed? (Expanded)
Below is a blog post by the KCM Crew at Keeping Current Matters in which they look at the projections made by several groups and economists of where they believe home prices will be by the end of 2013: We are often asked where we think home prices are headed over the next year. Recently, several […]
Headlines in Real Estate for week ending November 2nd 2012
Principal mortgage reductions, home prices, first time buyers, going green paying off, foreclosures drop & much more. Here are the real estate headlines you may have missed this week: Principal relief for stressed homeowners (via San Francisco Chronicle) A limited number of underwater homeowners in California will soon be able to get principal reductions of up to […]
Interest Rates: A History [Infographic]
With interest rates at an all-time historic low, it’s easy to get complacent and take them for granted. Here’s a look back at the 1980’s with interest rates of 18.45% at the peak to September 2012 of 3.47%. Wow, what a deal! Was this useful? Share or leave a comment below!
Top 10 Signs You Are Being Scammed [Infographic]
Real estate scams are as old as time so it’s important to be aware of some key red flags which may save you thousands of dollars or even your home. Below is a list of red flags to consider relating to mortgage fraud. Was this useful? Share or leave a comment below!
Headlines in Real Estate for week ending September 14th 2012
Housing not in the election conversation, Chase surprises with refis, new home sales and much more. Here are this weeks real estate headlines you might have missed: Is a mortgage refinance right for you? (via Sacramento Bee) With rates for 30-year mortgages hovering below 4 percent since last October, all kinds of homeowners are trying to get their monthly […]