ARCHIVED BLOG POSTS

2011 

Since affordable pricing tops the list of motivation and criteria for buying, it is no surprise that many first-time home buyers purchase distressed properties, which can be up to 30% below market value. Cost-conscious buyers are the most interested in distressed properties, but it is important f...
Posted over 2 years ago
Policymakers for the past two years have been encouraging homeowners to refinance their homes and take advantage of record-low interest rates; however, their efforts are continually frustrated by today’s tough lending standards. A study released by the Federal Reserve found that out of 6.8 millio...
Posted over 2 years ago
On Tuesday, September 20, a Senate subcommittee met to discuss the foreclosures that still plague the balance sheets of banks, the federal government and other agencies. Of the total 54.9 million residential real estate loans that exist, 4.5 million are non-performing, with another 10.4 million b...
Posted over 2 years ago
  1120 8th St NE #2, Auburn 98002-4456 Closing Date: 10/19/11Listing Price: $35,000Sold Price: $30,000Bedrooms: 2Bathrooms: 1Year Built: 1981Square Feet: 744Lot Size: 0 Square FeetMLS: 255427 NOT a Short Sale! This ground floor, two bedroom, 1 bathroom condo is located at Versaille Estates in Aub...
Posted over 2 years ago
On October 1 the loan amounts that can be guaranteed by the agencies Freddie Mac, Fannie Mae, and the Federal Housing Administration dropped in higher-priced markets from $729,750 to $625,000, or a -14.35% reduction. While $625,000 is far above the national median price of $168,300, affecting onl...
Posted over 2 years ago
Home ownership became even more affordable, with the average rate for 30-year fixed mortgages falling to 4.01% the last week in September. This drop came as a result of the Federal Reserve extending the average maturity of its holdings as a part of the Maturity Extension Program, an effort design...
Posted over 2 years ago
The supply of homes measured in months on the market at their current pace of sales fell 10.5% in the month of August, to an 8.5 month supply of inventory, down from a 9.5-month supply in July. With homes being more affordable than they have been in a generation and the lowest levels of new home ...
Posted over 2 years ago
Homes prices were down, with a 5.1% drop in August compared to a year ago. The national median price for homes in August was $168,300, with distressed properties, foreclosures, and short sales still accounting for 31% of sales. The buyer’s market for residential property continues, as favorable p...
Posted over 2 years ago
August home sales were up 18.6% year-to-year, posting a 7.7% increase in sales activity over July despite Hurricane Irene, which struck the Eastern seaboard and New England regions at the end of the month. As a result of the hurricane, the Northeast experienced the smallest increase in sales. At ...
Posted over 2 years ago
Despite some pessimism pertaining to the global and domestic economies, the U.S. housing sector continues to show promising signs of stability and growth. Low levels of new home construction and gaining sales volume fueled by an inventory of affordable housing since Richard Nixon was president ha...
Posted over 2 years ago
Rainmaker
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David Edwards

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