Foreclosure Inventory: Highest & Lowest States*
*as a percentage of all mortgaged homes For more information go here.
Blogs
The Emotion Driving the Housing Recovery
This blog often discusses the data behind the housing market. Today, we want to address the emotion behind the market comeback; a belief in homeownership which is still alive and well in this country. A study conducted by Coldwell Banker and psychotherapist Dr. Robi Ludwig found that owning a home is still very much a …
How Would I Know if Interest Rates are Expected to Go Up or Down?
Everyone these days keeps talking about how now is the right time to buy because housing prices and interest rates are low. But, maybe you’re not ready quite yet to buy a new home, and you want to know how long you can wait before interest rates will rise again. Here are a few quick …
How Would I Know if Interest Rates are Expected to Go Up or Down? Read More »
Metrostudy: Atlanta Real Estate Demand on the Rise
A recent report by Metrostudy, a national housing intelligence and consulting firm, found that the Atlanta housing market could see an increase in demand after expected positive employment figures are released. New jobs in Atlanta through March 2012 increased by 27,400 portions. “Forecasters are predicting net employment gains in Atlanta for 2012 above 30,000,” said …
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The Top 5 Reasons Deals Fall Apart
I’ve been told that 29% of all contracts signed never make it to the closing table- that nearly 3 in 10 transactions where a buyer and seller have come to terms (no easy feat in this market) fall apart. In a more normal market, I would say 90% of deals close. So, I figured if …
Are You a Buyer Looking to Purchase a Short Sale?
It seems that there is a significant amount of confusion when it comes to purchasing a short sale. There are many misconceptions when it comes to this type of transaction, so below I have provided some information to potential buyers of short sales. If you are looking to purchase a short sale, understand that it …
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Further Proof the Real Estate Market Is Coming Back
Last week, the National Association of Realtors (NAR) released their Pending Sales Report which showed that contracted sales were 12.8% higher than the same month last year and higher than any time since sales were impacted by the Homebuyers’ Credit back in April of 2010. The index stood at 101.4 which represents a level that …
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Short Sales: The Mortgage Originators Role in the Process
A key component to the success of a short sale involves working with a Mortgage Originator who is well versed in the short sale process. The short sale negotiation process is a patience testing task. The complications are many, however if the buyer is securing mortgage financing and is working with an originator that understands …
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Short Sales Will Increase Dramatically in 2012
It seems that the banks have finally realized that a short sale is a better option than foreclosure for them, the homeowner and the neighborhood. It is for this reason we believe that 2012 will come to be known as the year of the short sale. CNN Money reported on this exact point: “We believe …