by Jim Crowder | Oct 7, 2013 | HOUSING MARKET
According to online research, August had the lowest number of foreclosure filings in 8 years. Filings fell 44% from the previous month to 55,575, down nearly 500 from the previous low of 56,063, recorded back in October 2005. In a state-by-state ranking of filing...
by Jim Crowder | Oct 4, 2013 | HOUSING MARKET
According to housing market experts, the government shutdown could possibly hurt the growth of the housing industry. Since the housing crash took place in 2008, lenders requested more financial information from borrowers, including tax returns. Experts say that as...
by Jim Crowder | Oct 3, 2013 | HOUSING MARKET
U.S. home prices continue to increase, jumping 0.9% last month and 12.4% from August 2012. Distressed sales and short sales have also increased 11.2% from last year according to CoreLogic. Although home prices have increased, they are still considered below average....
by Jim Crowder | Oct 2, 2013 | HOUSING MARKET
As home prices increased this summer, so did rent for many tenants according to recent data. Home-buying costs this summer helped increase apartment demand giving many landlords the opportunity to increase rental prices. In the third quarter of 2013, the average...
by Jim Crowder | Oct 1, 2013 | HOUSING MARKET
Mortgage rates have quickly dropped, helping the housing market gain some fresh momentum. The average 30-year fixed-rate mortgage has increased approximately 1% since the beginning of May 2013, but recently rates have improved. Last week 30-year fixed rate mortgages...
by Jim Crowder | Sep 30, 2013 | HOUSING MARKET
According to data released by the Census Bureau, U.S. home sales jumped 8% from July to August, hitting an annual rate of 421,000. Sales are still low when compared to sales levels in the first half of the year. Experts have suggested that home sales may fall as the...
