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Investors Soar as First-timers Fade
Fresh data from Campbell Communications' monthly survey of more than 1,500 real estate agents found that the investor market share of buy-side transactions has jumped nearly six points since November, while first-time buyers have fallen more seven percentage points since October.
Inventory Highest in Six Months
By: Steve Cook; Fri, Feb 26, 2010
The national inventory of existing homes is larger now than it has been since the run-up of sales since thousands of first-time buyers rushed to the closing table last fall to qualify for the $8,000 tax credit.
Mortgage Rates Finally Fall
By: Steve Cook; Thu, Jan 7, 2010
Rates for 30-year fixed mortgages switched gears this week, falling slightly for the first time in a month, but remained above last month's record lows.
Rates Rise Into 2010
By: Steve Cook; Thu, Dec 31, 2009
Mortgage rates on 30-year fixed-rate mortgages ended 2009 with the longest ascending streak of the year, rising for the fifth straight week, to 5.14 percent.
Foreclosure States Lose Population
By: Steve Cook; Sun, Dec 27, 2009
The real estate recession, which has frozen more then 10 percent of homeowners in their homes, has slowed domestic migration dramatically.
Mortgage Rates Break 5 Percent
By: Steve Cook; Thu, Dec 24, 2009
After hitting historic lows three weeks ago, mortgage rates rose above 5 percent this week.
Spring Price Recovery Forecast
By: Steve Cook; Tue, Dec 22, 2009
Improvement in both levels of inventories and unemployment are projected to prevail in the spring of next year.
Shadow Inventory Rises 54 Percent
By: Steve Cook; Fri, Dec 18, 2009
The 1.7 million homes currently in the "shadow inventory" significantly increases calculations of the inventory of homes for sale, according to a new report from First American CoreLogic.
Homeowners Lost Only $489 Billion in 2009
By: Steve Cook; Wed, Dec 9, 2009
Forty-eight of the 154 markets tracked by Zillow showed gains in home values during 2009.
Mortgage Rates Hit Record Lows
By: Steve Cook; Wed, Nov 25, 2009
The average conforming 30-year fixed mortgage rate fell to 5.00 percent, according to Bankrate.com.
Mortgage Rates Sink to Seven-Month Low
By: Steve Cook; Thu, Nov 12, 2009
The average 30-year fixed mortgage rate fell to a seven-month low of 5.19 percent.
Underwater Homeowners Come Up for Air
By: Steve Cook; Tue, Nov 10, 2009
The percentage of American single-family homes with mortgages in negative equity fell to 21 percent in the third quarter, down from 23 percent in the second, according to the third quarter Zillow Real Estate Market Report.
Apartment Market Improves Slowly, Vacancies Remain High
By: Steve Cook; Fri, Oct 30, 2009
The apartment market showed signs of improvement in the third quarter, but vacancies and rent levels remain low.
Arizona, California Markets Lead Top Ten List for Home Sales
By: Steve Cook; Tue, Oct 27, 2009
The country's top ten ZIP codes for home sales based on sales-to-list price ratio have diversified significantly this quarter.
Home Price Discounts Shrink as Inventories Fall
By: Steve Cook; Sun, Oct 11, 2009
Falling inventories are helping home sellers gain a negotiating edge over buyers for the first time in many months.
Higher Prices, Fewer Sales Forecast in California Next Year
By: Steve Cook; Thu, Oct 8, 2009
California's real-estate market will rebound in 2010, with modest price increases and steady sales activity, according to a forecast by the California Association of Realtors released yesterday.
National 30-year Fixed Mortgage Rate Falls Below 5 Percent
By: Steve Cook; Tue, Oct 6, 2009
Yesterday rates for 30-year fixed purchase mortgages decreased 4.94 percent after falling last week to 4.96 percent, down from 5.02 percent the week.
One-third of African-Americans Turned Down for Mortgages
By: Steve Cook; Thu, Oct 1, 2009
Homebuyers of every racial minority from African-Americans to Pacific Islanders were more likely to be denied a mortgage last year than white Americans, according to data from lenders released yesterday by the Federal Reserve.
Price Cutting Eases Condo Glut
By: Steve Cook; Mon, Sep 28, 2009
The glut of unsold and foreclosed condos that paralyzed resort and urban markets two years ago has significantly eased in wake of price-cutting and discounting in a number of markets, signaling that the end of the bargain era is in sight and stable markets are on their way.
Loan Demand is Strong as Fewer Banks Tighten Credit
By: Steve Cook; Tue, Aug 18, 2009
Domestic banks reported increased demand from prime borrowers for residential mortgages for the second quarter in a row, though demand was 45 percent lower than in April, and fewer banks are tightening lending standards, according to the Federal Reserve's July 2009 Senior Loan Officer Opinion Survey on Bank Lending Practices.
Home Warranties Boom in Real Estate Bust
By: Steve Cook; Fri, May 29, 2009
There's a silver lining in every cloud and in the real estate recession, that lining is called home warranties.
Get this widget See local rates - Senate Clears Homebuyer Tax Credit Extension to Pass This Week
- CEOs Launch New Drive for Expanded Homebuyer Tax Credit
- Homebuyer Tax Credit Will Motivate First-time Buyers More than Move-up Buyers
- Congress Passes Homebuyer Tax Credit
By: Steve Cook; Fri, Feb 26, 2010
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