Tagged : homes

Found 25 blog entries tagged as "homes".

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zillow.com - Real estate agents often hear from clients who are interested in home buying because they “need more space” or they want more “modern” kitchens. There may be other reasons their current homes don’t fully meet their needs: a new job, a new relationship, a new baby and so on.

But buying a new home is never the only solution. In fact, in some cases it may be better to remodel or renovate the home you have. Here are some things to consider when deciding whether to remodel, renovate or buy:

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interest__max5128_450realtor.com - Key fixed-mortgage rates fell to their lowest levels in four months this week, with further declines predicted in the short term.

The federal government’s shutdown and ongoing concerns with the economy’s recovery, particularly the Federal Reserve’s decision to continue its bond-buying stimulus program, were cited as factors in the declines of the key mortgage rates.

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househill_sellingpix_450homes.yahoo.com - The Federal Housing Administration (FHA) recently enacted a rule change allowing borrowers who have fallen into foreclosure, bankruptcy, or a short sale to become eligible for a brand new mortgage backed by the FHA in as little as one year from the date of their previous foreclosure auction, the date of closing on a short sale, or the discharge date on a Chapter 7 bankruptcy. Considering the previous waiting period for a government-backed mortgage was three years, the new rule that shortens the wait to one year is a shiny new present to buyers who had all but accepted the reality of becoming renters for the foreseeable future. The new rule is in effect till Sept. 30, 2016.

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goldhouse_buchachon_450money.cnn.com - Our long national foreclosure nightmare may be over.

The number of new foreclosure filings in August hit its lowest level in nearly eight years, according to RealtyTrac, an online marketer of foreclosed properties.

Soaring home prices and a big decline in underwater borrowers -- those who owe more on their mortgage loans than their homes are worth -- have helped drive the trend.

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housekeys_voronin_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.

By the end of June, 7.1 million, or 14.5%, of mortgage borrowers remained underwater on their loans compared with 9.6 million, or 19.7%, at the end of the first quarter. In late 2009, during the worst of the housing market's meltdown, 26% of all borrowers were underwater.

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Wall Street Journal - More than half of all homes sold last year and so far in 2013 have been financed without a mortgage, according to an analysis by economists at Goldman Sachs Group.

The analysis estimates that around 20% of all homes sold before the housing crash were “all-cash” sales (or around 30% of sales by dollar volume). But over the past seven years, the all-cash share of sales has more than doubled, increasing by more than 30 percentage points, according to economists Hui Shan, Marty Young and Charlie Himmelberg.
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money.cnn.com - Home sales continued to climb in April, according to the latest reading on the housing recovery from an industry trade group.

The National Association of Realtors reported home sales edged up 0.6% to an annual pace of just under 5 million homes. Compared to a year ago, the pace of sales was up nearly 10%.

The pace of sales would have exceeded that level were it not for tight credit and insufficient houses for sale to meet rising demand, the group said.

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The home buying season shifted into high gear last month as inventory and home list prices on realtor.com® increased by 4.12 percent and 2.63 percent, month over month, respectively. As of April, homes are on the market nationwide approximately 81 days—a decrease of nearly 11 percent since April 2012—highlighting that while new homes are entering the market they are not available for long.

Despite the increase in inventory month over month, nationwide inventory declined year over year in all but 11 of the 146 markets realtor.com® monitors. Approximately 36 markets registered a decrease of listings by 20 percent or more, still highlighting near records lows of available homes.

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Rising home prices are helping pull more distressed borrowers from out of the water, according to the March Mortgage Monitor Report from Lender Processing Services(LPS).

 

The number of underwater borrowers -- those who owed more than their homes were worth -- fell 41% from a year earlier. In total, 9 million borrowers or 18% of active mortgages were underwater at the end of March.

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mortgagenewsdaily.com - Every city in the S&P Case-Shiller 20-City Composite Indexhas now posted annual increases for at least two consecutive months.  The February 2013 indices released this morning showed year-over-year prices in the 10-City Composite gained 8.6 percent and the 20-City Composite rose 9.3 percent.   In 16 of the 20 cities the annual growth rate rose in February compared to January and ten are now posting double digit positive changes.  

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