Mon Jun 18, 2012 on Blog
Americans See Biggest Home Equity Jump in 60 Years (via http://mortgagespectator.com) Home equity in the first quarter rose to the highest level since 2008 as homeowners taking advantage of record-low borrowing costs to refinance their loans brought cash to the table to pay down principal. The gain in percentage terms was the biggest jump in more than 60 years, according […]
Fri Jun 1, 2012 on Blog
US pending home sales plunge in April (via AFP) US pending home sales plunged in April but an overall upward trend remained firmly in place amid a slowly recovering housing market, an industry group said Wednesday. The National Association of Realtors said its index of pending home sales, or contracts signed but not closed, dived 5.5 percent to… home sales, […]
Tue May 22, 2012 on Blog
US existing home sales, prices rise in April (via AFP) US existing home sales increased in April and home prices continued to rise, an industry group said Tuesday in a report signaling recovery under way in the distressed housing market. Sales of previously occupied homes rose 3.4 percent to an annual rate of 4.62 million in April, and were 10 […]
Wed May 2, 2012 on Blog
From Josh Crank, Lawyers.com The foreclosure crisis isn’t over, but a new trend in real estate sales could be the light at the end of the tunnel for many borrowers and lenders. Short sales, which occur when homeowners sell their homes for less than what they still owe, outpaced foreclosures for the first time ever in January, according to a new report from Lender Processing […]