Tagged : Realty

Found 11 blog entries tagged as "Realty".

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A growing number of mortgage borrowers are keeping their heads above water, according to a report from RealtyTrac.

The company reported Thursday that 9.3 million properties, or 19% of all homes with mortgages, were "deeply underwater" in December, meaning borrowers owed at least 25% more on their mortgage than the home was worth. That's down significantly from 26% of all homes with mortgages, or 10.9 million properties, last January, RealtyTrac reported.

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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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Photo:  ©[Oleg Doroshin]/123RF.COM

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realtytimes.com - Depending on where you live, a patio might not be the kind of thing you think about during the cold, and maybe snowy, winter months. But a patio is what many people enjoy on a sunny warm afternoon. It just feels good to sit outside and sip some iced tea or lemonade. That's the picture your real estate agent would want to capture when listing your home for sale.

Patios are appealing because they can create a sense of peace, open space, freedom, and they can seem to extend the square footage of livable space on those good weather days.

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  • #1 Built-in Aquariums
  • #2 Built-in Electronics
  • #3 Eliminating a 3rd or 4th Bedroom
  • #4 Over-improving the basement
  • #5 Expansive outdoor living space out of Sync with the climate

It can be a balancing act to polish to the point of perfect return, especially if you expect to sell the house soon. Consider putting in one moderately priced focal point improvement that can make the room memorable. For example, one — just one — built-in specialty appliance in the kitchen can be a selling point. That appliance might be a warming drawer, a wine cooler or a five-burner stove with a griddle instead of the standard four-burner stove. Even then, calculate your payback in terms of a shorter selling time, not in terms of dollar return. - zillow.com

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realtytimes.com - Many of the homes on the market need some work and some need a lot of care. How do you know what to look for in a fixer-upper? If you're a first-time home buyer, purchasing a fixer-upper can be a good option because the price will be lower. But fixer-upper homes come with flaws and some can be huge.

Why a fixer-upper? In some areas, the housing market is very low on inventory, especially new and/or homes in top shape. Foreclosures and short sales, though, can offer better prices if you can deal with the home's maintenance needs.

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inman.com- After hitting record lows last week, mortgage rates have stayed tanked amid growing concerns that lawmakers won't reach a compromise to avoid a "fiscal cliff" of automatic tax increases and spending cuts scheduled to take place next year, Freddie Mac said in releasing the results of its weekly Primary Mortgage Market Survey.

Rates on 30-year fixed-rate mortgages averaged 3.32 percent with an average 0.8 point for the week ending Nov. 29, up from 3.31 percent last week but down from 4.00 percent a year ago. Last week's rate was a new record in Freddie Mac records dating to 1971.

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usatoday.com - Though housing inventory is down across the country, high-end homes are seeing a resurgence in many markets.

Part of the reason: Owners have decided to accept less than they originally wanted for their properties, Vice President Daren Blomquist of RealtyTrac said earlier this year.

And mortgage rates have been favorable: Last week the average rate on a 30-year loan dipped to the lowest since records were kept starting in 1971; jumbo loan rates also are following the trend.

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NEW YORK (CNNMoney) -- Foreclosures fell in nearly two-thirds of the nation's largest metro areas during the third quarter, according to RealtyTrac Thursday.

With 62% of the nation's 212 largest markets seeing foreclosure activity shrink during the latest quarter, the ongoing decline is yet another sign that the housing market is starting to stabilize.

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It’s unknown whether or not the Federal Reserve’s new stimulus will be able to whip the economy back into shape, but one thing’s for sure: It’s sent mortgage rates plummeting.

Freddie Mac’s Primary Mortgage Market Survey  showed new record lows in all categories except the 5-year adjustable-rate mortgage (ARM). The GSE reported that the 30-year fixed average fell to 3.40 percent (0.6 point) for the week ending September 27, down from 3.49 percent in the previous week’s survey.

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businessinsider.com - 193,508 households received foreclosure filings in August, up 1 percent from last month, but down 15 percent from last year, according to RealtyTrac's latest foreclosure report.

 

One important positive sign for the housing market was that foreclosure starts – the pace at which mortgages enter the foreclosure process – declined, after three consecutive monthly increases.

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