You are here: Home \ mortgage

From the category archives:

mortgage

Americans: Home Ownership Still a Great Investment

by Tayeb Realty GroupJune 6, 2011 Housing Market News Update

Seventy-five percent of Americans say that “owning a home is the best long-term investment they can make and is worth the risk of ups and downs in the housing market,” according to a new survey of 2,000 bipartisan voters by the National Association of Home Builders. Despite their situation — whether underwater on their home [...]

1 comment Read the full article →

Rentals Get Pricey and Scarce, Study Finds

by Tayeb Realty GroupApril 28, 2011 Housing Market News Update

The number of renters who spend more than half their income on housing is at its highest level in half a century, according to a Harvard University study released Tuesday. About 26 percent of renters — or 10.1 million people — spent more than half their pre-tax household income on rent and utilities in 2009, [...]

0 comments Read the full article →

3 Red Flags for Buyer Contracts

by John TayebApril 27, 2011 Housing Market News Update

Writing a home purchase contract is crucial. Otherwise, it can easily derail a deal. Here are some common contract mistakes: 1. Buyers don’t secure financing by deadline. Many contracts are contingent upon the buyer securing financing by a particular date. However, in today’s tight lending environment, you’ll want to ensure you allow extra time for [...]

0 comments Read the full article →

Foreclosures Scored on Appreciation Potential

by Tayeb Realty GroupApril 27, 2011 Foreclosures

RealtyTrac, a foreclosure data resource, and SmartZip, an investment analytics company, are teaming up to offer HomeScore ratings for foreclosure properties. The HomeScores allow buyers a different to size up bank-owned properties by providing information on the foreclosed home’s potential for above average price appreciation and below average costs. For example, properties that receive scores [...]

0 comments Read the full article →

Good Neighbor Deadline Approaches

by John TayebApril 26, 2011 commercial real estate

Don’t miss this opportunity to nominate your favorite community volunteer for REALTOR® Magazine’s 12th Annual Good Neighbor Awards. The deadline is May 20. Five winners will be announced in the November issue of REALTOR® Magazine. Each winner will be recognized at the 2011 REALTORS® Conference & Expo in Anaheim, Calif., and receive a $10,000 grant [...]

0 comments Read the full article →

Is This Really a Buyer’s Market?

by Tayeb Realty GroupApril 26, 2011 Housing Market News Update

With falling home prices and higher inventories, most of the public views real estate as a “buyer’s market,” in which buyers hold more of the control and sellers will more eagerly accept lower offers just to sell. Not so fast, say buyers and sellers. More buyers are finding the sellers in the driver’s seat. Buyer [...]

1 comment Read the full article →

Banks Get Failing Grade in Foreclosure Handling

by John TayebApril 19, 2011 Foreclosures

Banks continue to receive backlash for their handling of a flood of foreclosures across the country. A new report released this week by federal regulators finds that banks failed to do a good job in handling foreclosures and sometimes evicted home owners when they clearly should not have. The problems were “significant and pervasive” and [...]

0 comments Read the full article →

Mortgage Rates on the Rise Again This Week

by Tayeb Realty GroupApril 19, 2011 commercial real estate

Mortgage rates continued to slowly inch upward for the fourth consecutive week, according to Freddie Mac’s weekly mortgage market survey. “Although rates on 30-year fixed mortgages have risen four weeks in a row, they have remained below 5 percent for eight straight weeks now, helping to maintain affordability in the housing market,” says Frank Nothaft, [...]

0 comments Read the full article →

IRS Loses $513M to Tax Credit Cheaters

by Tayeb Realty GroupApril 18, 2011 Foreclosures

An investigator with the Internal Revenue Service says the government likely paid $513 million in home buyer tax credits to people who did not qualify for it, according to a new report released today by the inspector general. About $326 million went to more than 47,000 taxpayers who did not really qualify as first-time home [...]

1 comment Read the full article →

Where You’ll Find the Most Stubborn Sellers

by John TayebApril 11, 2011 Foreclosures

On average, sellers reduce their list prices after about 2.5 months by 8 percent when a property hasn’t sold yet, according to a new report by Trulia.com, which analyzes non-foreclosure listings of residential properties between March 2010 and 2011. After making one price reduction, 35 percent of those sellers will make a second price cut [...]

1 comment Read the full article →
Page 2 of 35«12345»102030...Last »