September 2013

Found 21 blog entries for September 2013.

houseinhand_voronin_450money.cnn.com - HUD originally said on Friday that it would stop working on applications for loans guaranteed by the Federal Housing Administration if the lights go out in Washington. But it reversed that position over the weekend.

"The HUD Contingency plan posted on Friday mistakenly included incorrect information about a potential shutdown's impact on the FHA single-family loan program," HUD said in a statement. "FHA will be able to endorse single family loans during the shutdown. A limited number of FHA staff will be available to underwrite and approve new loans."

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interest__max5128_450money.cnn.com - The rate for a 30-year, fixed loan fell to 4.32% from 4.5%, according to a weekly survey from Freddie Mac.

While that represents only a small savings for borrowers - $21 a month on a $200,000 balance - it's still good news for the housing market. Mortgage rates have been moving higher in the last few months, which analysts feared could put the brakes on the real estate recovery.

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moneyhouse_oleg-doroshin_450inman.com - All-cash home sales skyrocketed during the summer of 2013, with their share of total sales growing by close to a third from June to August amid sustained appetite from investors, a recent spike in interest rates and tight inventory.

Cash purchases’ share of total sales leaped to 45 percent in August from 39 percent in July, according to a report release by RealtyTrac today. The rise came on the heels of a similarly abrupt month over month jump in cash purchases’ marketshare in July, when it rose to a revised 39 percent from a revised 34 percent in June, according to RealtyTrac data.

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blockhouse_denis-yulia-pogostins__450money.cnn.com - Thanks to a sharp increase in home prices last quarter, 2.5 million more mortgage borrowers no longer owe more on their homes than they are worth, according to CoreLogic.

The improvement is mainly due to soaring home prices, which jumped 7% during the quarter, according to the S&P/Case-Shiller national home price index.

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menhouse_sellingpix_450realestate.msn.com - Home prices are continuing to rise, showing a 6.6% annual increase in the past year, the largest gain since July 2006, according to new figures from Zillow.

The Zillow Home Value Index rose 0.4% from July to August, to $162,100, according to the August Zillow Real Estate Market Reports, bringing it to the level of September 2004. Zillow predicts home values will rise an additional 5.2% by next August.

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housegreenkeys__anthonycz_450Stephen Hussey, a Boston-area home inspector and real estate agent, sees it too often: home buyers blowing deals because they simply weren’t ready to compete in today’s fiercely competitive housing market.

Up against five or more bidders for the same home, these slow-off-the-mark shoppers did not prepare well, and then blamed themselves or others for not nabbing the dream home that seemed within their grasp

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moneyhouse_oleg-doroshin_450On the eerily appropriate day of Friday the 13th, the IRS released the final version of its Tangible Property Repair Regulations.

The IRS has been working on these regs since 2004. The final regulations are the fourth version released by the IRS. They supersede temporary regulations that were issued at the end of 2011, and resulted in many complaints from the business community and tax practitioners due to their extraordinary length, complexity, and often hard-line approach.

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menhouse_sellingpix_450finance.yahoo.com - You don’t usually find clearance sales on real estate. But the last two years are beginning to look like the deal of a lifetime for anybody who bought a home.

That dynamic may now be changing as home prices surge by double-digits, interest rates rise and the whole housing bust recedes into the past. The latest sign that the buyer’s market is ending is a convincing improvement in foreclosures. Sales of foreclosed homes now account for about 12% of home sales, according to research firm FNC. That’s down from 17% a year ago and 37% in 2009, the low point of the housing bust. At the current pace, foreclosures will fall back to typical pre-recession levels within a year or so, signaling something like a return to a normal housing market.

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housekeys_voronin_450A real estate agent can often help you sell your home faster, and get a better price than if you try to do it on your own. But to get the best deal possible on your home, you’ll want to hire a real estate agent that’s a good fit for you and your property. Here’s what you need to know before you hire someone to sell your home.

1. Find someone local 2.  Ask for references  3.  Check their workload  4.  Make sure they sell houses like yours  5. What's the timeline  6.  Ask about fees  7.  Are they part of the MLS?  

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interest__max5128_450realtor.com - Key fixed-rate mortgages held steady this week, remaining near two-year highs. The previous rise in rates has caused a decline in the number of applications for U.S. home loans as home buyers continue to hold out for lower rates. Despite the recent uptick — key fixed-rate mortgages spiked by nearly half a percentage point in late June – rates remain low by historical standards.

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