Thursday, January 31, 2013
In general, the most popular times of year for online home searches are at the start of the year and in the summer, according to the Trulia Real Estate Search Report released Wednesday. Read more.... http://www.dsnews.com/articles/popular-months-for-online-housing-hunting-among-states-2013-01-30
While the national trend shows home prices are rising and the supply of foreclosures is shrinking, on a more microscopic level, there are still metros where investors can find foreclosures are steep discounts and in greater abundance. Read more... http://www.dsnews.com/articles/realtytrac-ranks-best-metros-to-buy-foreclosures-in-2013-2013-01-31
Wednesday, January 30, 2013
A lot of homes can use a facelift, especially properties in distress, but some projects may not be worth the sweat and dollars when considering the return on investment (ROI). Read more...
The United States economy contracted unexpectedly in the final quarter of 2012, hurt by weaker exports, a drop in military spending and a slower buildup in inventories. Read more.... http://mobile.nytimes.com/2013/01/31/business/economy/us-economy-unexpectedly-contracted-in-fourth-quarter.xml
As confidence returns to global markets, investors appear to be using the cheap yen once again to fund investments in risky assets – a trade that is likely to give the battered Japanese currency another boot lower in the months ahead, analysts said. Read more... http://m.cnbc.com/us_news/100414231
Tuesday, January 29, 2013
Despite seeing a month-over-month drop, the 10-and 20-city Case-Shiller Home Price Indexes registered their strongest year-over-year improvement in two and a half years on a non-seasonally adjusted basis, Standard & Poor's reported Tuesday. Read more... http://www.dsnews.com/articles/case-shiller-index-shows-sharp-year-year-gain-in-november-2013-01-29
A prospective tribal casino near Glendale drove the most lobbying in Washington by Arizona groups last year, federal records show. Read more.... http://www.azcentral.com//news/politics/articles/20130124glendale-casino-plan-led-flurry-lobbying.html
Monday, January 28, 2013
The industry seems to agree the multifamily housing market is recovering well and will continue to show positive signs this year. Both Fannie Mae and the National Association of Home Builders report low vacancies and climbing rents for 2012 and anticipate a strong market in 2013. Read more... http://www.dsnews.com/articles/research-points-to-strong-multifamily-sector-this-year-2013-01-25
Saturday, January 26, 2013
Thursday, January 24, 2013
Freddie Mac's Standard Short Sale program has been in effect for close to three months, and the GSE continues to work to publicize the program and inform borrowers of their options, most recently in a blog post Tuesday on Freddie Mac's website.
After spending the last few years taking a wait-and-see approach to financial reform, several banking regulators in the U.S. and Europe kicked off 2013 by putting "too big to fail" banks firmly in their crosshairs. These regulators suggest rules devised since the financial crisis to curb the risk posed by such institutions have been a failure, and they are now willing to lobby for the break-up of the big banks. Read more... http://www.huffingtonpost.com/mobileweb/2013/01/22/too-big-to-fail-bank-regulation_n_2527799.html
S. home values in 2012 rose 5.9 percent over 2011, according to data in Zillow's latest Home Value Index (HVI).
The 5.9 percent appreciation rate is the largest annual gain since August 2006, near the peak of the housing bubble.
While the market still has some ground to cover before it's completely healthy again, Zillow said in a release that 2012's appreciation rate "far exceeded yearly rates of appreciation typically associated with healthy markets," which "can expect annual home value appreciation of roughly 3 percent on average." Read more... http://www.dsnews.com/articles/home-values-see-largest-annual-gain-since-2006-2013-01-22
As the National Association of Realtors reported, home sales dropped in December.
However, Capital Economics warns this should be no cause for despair. Additionally, while cash buyers and investors continue to make up a large portion—about half of all sales—Capital Economics suggests rising prices lifting many homeowners above water will lead to increased activity from owner-occupants. Read more... http://www.dsnews.com/articles/monthly-drop-in-home-sales-no-cause-for-despair-2013-01-22
Financial crises, floods, hurricanes, epidemic disease.
In these early decades of the 21st century, we are witnessing stresses and shocks that come with a new intensity. The long held fundamentals of a strong economic system --globalization and free trade -- have increased efficiency, but they have created challenges for the stability of markets. Industrialization in the last century has accelerated human progress but has given us a rapidly growing global population and a warming world in this century. It's not that the 20th century was devoid of significant challenges. What distinguishes today's threats from those of the past are the escalating rate at which they are occurring, and the growing interconnectedness of our planet. Read more... http://www.huffingtonpost.com/mobileweb/judith-rodin/rebound-building-a-more-r_b_2526870.html?utm_hp_ref=daily-brief?utm_source=DailyBrief&utm_campaign=012313&utm_medium=email&utm_content=BlogEntry&utm_term=Daily%20Brief
Tuesday, January 22, 2013
DFW Real Estate Investments: Bank of America Looking to Decrease Amount of Short Sale Transactions as of 1/15/2013
For homeowners considering a short sale with Bank of America, this is extremely important to take note of. The summary of this announcement is that Bank of America is going to continue through the foreclosure process if a homeowner files for a short sale until all parties have a contractual agreement to perform a short sale. While that may not be difficult for a buyer and a seller to agree upon, the approval of the assigned "short sale specialist" representing BofA can and will take 3-9 months to sign an approval. Read more... http://dfwinvestmenthomenews.blogspot.com/2013/01/bank-of-america-looking-to-decrease.html?m=1
Monday, January 21, 2013
While the foreclosure crisis has more than one culprit, the Center for Responsible Lending (CRL) pointed to the significant role of predatory lending practices in a report on the state of lending. Read more... http://www.dsnews.com/articles/cfpbs-new-rules-ban-incentives-on-risky-mortgages-2013-01-18
Starting in January 2014, mortgage lenders will work under new rules governing the handling of appraisals and other home value estimates. Read more... http://www.dsnews.com/articles/cfpb-announces-rules-for-appraisals-and-higher-priced-loans-2013-01-18
Sunday, January 20, 2013
The pace of home building surged in December, as the market bounced back from the impact of Superstorm Sandy.
Builders started construction at an annual pace of 954,000 home last month, the Census Bureau reported, up more than 12% from November's pace. That's a nearly 37% leap from December of last year. Read more... http://money.cnn.com/2013/01/17/real_estate/housing-starts/index.html
Saturday, January 19, 2013
Friday, January 18, 2013
First-time homebuyers, as any agent knows, are one of the most important demographics to a healthy real estate market, and the increasing market share of first-time homebuyers has been one of the many positive developments of the housing recovery heading in to 2013. Read more... http://chicagoagentmagazine.com/will-added-competition-threaten-first-time-homebuyers/?om_rid=AADuC-&om_mid=_BQIKEB8wXBjN4&om_ntype=REBACHSWeekly
Thursday, January 17, 2013
LOS ANGELES (AP) — Confidence among U.S. homebuilders held steady in January at the highest level in nearly seven years, but builders are feeling slightly less optimistic about their prospects for sales over the next six months. Read more.... http://news.yahoo.com/us-homebuilder-confidence-steady-near-7-high-150239351--finance.html
Canadian citizens living part-time in the United States find it nearly impossible to obtain bank and store credit cards.
Lack of Social Security numbers, no credit scores and lack of employment often leave Canadian residents facing rejections when applying for credit in the U.S. Read more... http://www.azcentral.com/business/call12foraction/articles/20130110canadians-living-us-struggle-obtain-credit.html
Wednesday, January 16, 2013
NEW YORK (Reuters) - Morgan Stanley (MS.N) is taking three years to pay out 2012 bonuses to high-earning employees, three sources familiar with the situation said on Tuesday, a step that will better align incentives with shareholder interests and make it harder for employees to leave. Read more.... http://mobile.reuters.com/article/idUSBRE90E0SL20130115?irpc=932
REO sales no longer play the dominant role they once did in real estate transactions.
decline in REO sales, along with the decrease in inventory,
improvement in prices, according to a report from Corelogic. Read more... http://www.dsnews.com/articles/rise-and-fall-of-reo-sales-2013-01-14
Short sales are quickly becoming a popular alternative to foreclosure, even outpacing REO sales in certain states, according to data from RealtyTrac. Read more... http://www.dsnews.com/articles/california-broker-explains-short-sale-lease-back-program-2013-01-14
Tuesday, January 15, 2013
Home prices increased on a year-over-year basis for the ninth consecutive month according to the CoreLogic Home Price Index (HPI) released today. The November HPI was up 7.4 percent from its November 2011 level and represented the largest jump in the index in nearly seven years. On a month-over-month basis the HPI, which includes sales of distressed properties, was up 0.3 percent. CoreLogic said the all but six states are experiencing year-over-year price gains. Read more... http://www.mortgagenewsdaily.com/01152013_corelogic_home_prices.asp?utm_source=twitterfeed&utm_medium=twitter
Sunday, January 13, 2013
Wednesday, January 9, 2013
The REO-to-rental market is expected to grow robustly over the next two years, firmly establishing itself as a potential institutional asset class. At least that's what Keefe, Bruyette & Woods ($15.45 0%) is saying, and the market is showing. Read more: http://www.housingwire.com/rewired/2013/01/08/reo-rental-market-quickly-becoming-asset-class?utm_source=feedburner&utm_medium=twitter&utm_campaign=beta&utm_content=Real+Estate+News&utm_term=Charlotte+Real+Estate
Monday, January 7, 2013
Several years ago, when the housing market was mired in the worst recession since the Great Depression, buyers shied away from houses that needed work. The buyers who weren't put off from buying completely were interested only in turnkey homes that were in move-in condition. Read more: http://www.inman.com/buyers-sellers/columnists/dianhymer/6-tips-buying-a-fixer-upper?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+inmannews+%28Inman+News+-+Headlines%29
Wednesday, January 2, 2013
Yes, your taxes are going up. But you dodged a much bigger bullet.
The last-minute 'fiscal cliff' deal to reverse Congress' ruinous, self-inflicted package of federal tax increases and spending cuts will raise the average American household's tax bill by about $25 a week. Read more: http://m.nbcnews.com/business/economywatch/taxes-are-rising-it-could-have-been-more-painful-1C7800803
Tuesday, January 1, 2013
Construction began this fall on a $44million, 325-unit apartment complex at SkySong, the ASU Scottsdale Innovation Center. The campus is at the southeastern corner of Scottsdale and McDowell roads.
In addition, construction is anticipated to start during the second quarter of 2013 on a third office building on the campus.
Read more: SkySong housing work seen as development boost
Reuters: Business News
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