Monthly Archives: August 2013

New York State Foreclosure | Banks, Are They Really Your Friend? – Article Dashboard

Sure, the media would have you believe that things are getting better, but you must keep in mind who most likely owns the controlling shares in the media and who certainly pays for the advertising that keep the media solvent. In short, the media are bought and paid for, so when their puppet masters pull the strings that are attached to their purses, they dance when told to dance. Are the banks    .. more …

New Home Sales | Homebuilders Slump On New Home Sales Data

Acting as a deterrent to the surging hopes of a housing recovery, new home sales in July were reported to have dropped a sharp 13.4%. While the news affected the broader markets for a short span on Friday, the housing sector had to suffer a finish in the red owing to increasing concerns that the rising mortgage rates could slow down the housing recovery. The SPDR SP Homebuilders ( XHB ) lost    .. more …

Existing Home Sales | Us Real Estate ” Why Prices Will Fall And How To Protect Yourself

This has occurred in period wage stagnation and a period that has seen no real increase in personal wealth. So how did it occur and why is the situation now so dangerous? The Fed aggressively cut interest rates and this in combination with lenient lending policies of financial institutions. This encouraged people to overt stretch themselves financially and borrow money on the basis that they can    .. more …

New Home Sales | Need To Seat Many Visitors? Bear In Mind Corner Sofas

These uncomplicated and stylish furnishings seem to offer both form and utility when it comes to the modern home. Considering that new home sales have dropped severely over the past 3 years. Largely newer homes have newer layouts than we were used to, in our youth. No longer are homes constrained by the square box rooms that dominated most of architectural history. For new shapes come new sofas,    .. more …

New Home Sales | Australian New Home Sales Drop 4.7 Pct In July-Eastday

SYDNEY, Aug. 29 — New home sales in Australia fell for the first time in five months in July, an industry survey of Australian builders released on Thursday by the Housing Industry Association (HIA) found.The HIA New Home Sales report showed that total seasonally adjusted new home sales fell by 4.7 percent in July.It was the first decline in total sales since February, the HIA said.Detached house    .. more …

Existing Home Sales | Housing Recovery In Phase Three: Market 64% Back To Normal

Trulia Trulia ‘s Chief Economist reveals the latest findings from the Trulia Housing Barometer. The recovery has now entered a new phase as mortgage rates rise and inventory expands. While prices and existing-home sales are near normal, construction and new-home sales have a long way to go. Each month, Trulia’s Housing Barometer charts how quickly the housing market is moving back to “normal.” We    .. more …

Mortgage Interest Rates | Rising Mortgage Rates Lead To Job Cuts

The sharp rise in mortgage interest rates over the past six months are going to do some serious damage to the nation’s largest mortgage lenders. Just last week, Wells Fargo Co. ( WFC ) said it would fire 2,400 employees in its mortgage services unit, and that may be only the beginning.The interest rate on a 30-year fixed rate mortgage has climbed from about 3% in January to more than 4.4% in    .. more …

Mortgage Refinance Interest Rates | Mortgage Refinance Interest Rates: Cutting Costs To Alleviate …

It can be a challenge to secure low interest rates on a refinancing deal when lenders are always seeking to make a profit. However, it is always possible to find a lender that is willing to accommodate the needs of the borrower – in fact, more often than not, it is the existing mortgage provider that is open to the deal. But there are pros and cons to this kind of deal, and some factors need to be    .. more …

Existing Home Sales | Existing Home Sales Surge 6.5 Percent In July. That's Huge, But Can It Last?

The housing recovery continues to speed along, and last month, a key indicator came up big. But can it last?Existing home sales surged 6.5 percent to a 5.39 million annualized rate in July compared with June, according to the latest data released by the National Association of Realtors (NAR). That’s the highest level since November 2009, when a home buyer’s tax credit was first introduced to boost    .. more …

Existing Home Sales | Foreclosure Assistance? Waiting For Help? The Truth Finally …

The line for bailout money is long and includes Insurance companies, state and local governments and the latest addition is real estate developers. With millions of homeowners concerned with avoiding foreclosure, you would think that a plan would be in place to start helping them. No foreclosure assistance plan has yet to be created or implemented. The government is handing out your money with no    .. more …