According to an article published on February 1, 2011 in DSNews, a study done by Movoto.com, a real estate site based in California, more than half of American families can afford to buy a new home based on income levels and listing prices. The following is an excerpt from the article which gives insight on the reasoning behind …
Tag: REO
Dec 15
Interest Rate RoundUp, Mortgage Rates on the Rise
The election is over and so is the need to keep interest rates artificially low. If we absorb the pain now, we’ll be less likely to remember it during the 2012 election. Don’t wait! Rates are rising! Interest Rate Roundup for Dec. 2, 2010 from Bankrate.com Mortgages 4.71% (30-year fixed) 0.36 (average points) Here’s a …
Nov 26
Foreclosure Freeze is Thawing! Important news for buyers & sellers
According to Fannie Mae, they are lifting some of the holds on eviction actions and REO closings that were put in place in September 2010. The holds were placed in response to the issues of possible defects with affidavits submitted in foreclosure actions. This means the homes that were removed from the market will be …
Nov 24
Charlotte ranks as 18th-largest U.S. city
Charlotte is the 18th-largest city in the United States, according to a projections based on the latest U.S. Census data. The Charlotte area has 729,781 residents as of Monday, up from 569,858 in 2000, according to projections compiled by Business First of Buffalo, N.Y. Business First is a sister publication of the Charlotte Business Journal. …
Nov 10
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Oct 26
Charlotte Home Prices Drop, US Existing Home Sales Jump
According to the Charlotte Business Journal, Charlotte-area home prices drop 3.4% and existing US home sales jump 10%. The following are two excerpts from articles about each of these subjects: Charlotte-area home prices drop 3.4% “Homes prices in the Charlotte market fell 3.4 percent in August from a year earlier, according to the Standard & …
Oct 25
What You Need to Know About HUD Homes -AND- Why They Are So Affordable
Showcase Realty has recently acquired the honor of being one of the few brokerages able to list HUD Homes in the Charlotte, NC Metro and surrounding areas. The following is a quick helpful explanation of HUD Homes from the US Dept. of Housing and Urban Development: What is a HUD Home? A HUD Home may …
Aug 25
Existing Home Sales Plummet Across the U.S
With the expiration of the tax credit, home sales have been dropping sharply around the nation. Experts reported that “Completed transactions of single-family homes, townhouses, condominiums and co-ops dropped 25.5 percent in July from the year-earlier total, falling to the lowest level since 1999.” Smart investors stand to make a killing during this economic downturn. …
Jun 03
Top 10 Myths About Buying a Foreclosure
Trulia.com and RealtyTrac recently surveyed US adults to get some insight into what people think is involved with buying a foreclosure. Here are the Top 10 Myths that were recently posted on Trulia.com and the facts to set the record straight: 1. Foreclosures need a huge amount of work. 92 percent of consumers expressed that …
