Monthly Archives: December 2013

New Home Sales | New Home Sales Fall 2.1 Percent In November

Sales of new single-family houses in November 2013 were at a seasonally adjusted annual rate of 464,000, according to estimates released jointly last week by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.1 percent below the revised October rate of 474,000, but is 16.6 percent above the November 2012 estimate of 398,000.The median sales price of new houses    .. more …

Mortgage Interest Rates | Remortgage Watch October 2010 – Article Dashboard

With the news from over the pond that the Federal Reserve will again look to return to quantitative easing to stimulate their economy, and also recent comments from Adam Posen (MPC member) that he believed the UK needed to engage in Q.E. to avoid a prolonged slump, it seems ever more likely that Bank of England will follow suit. The anticipation seems to be for this to happen in the first quarter    .. more …

Mortgage Interest Rates | Tom Kelly: Consistent, Low Rates Lifted Housing Market – Sun, 29 Dec 2013 PST

Mortgage lenders are moaning that the refinance boom is over and the only way to make a profit in 2014 is to be successful in the new purchasebusiness.I prefer to look at what transpired in 2013 in a different light. I believe the housing industry was fortunate to have mortgage interest rates remain as low as they did for as long as theydid.Homeowners with positive home equity finally became more    .. more …

Existing Home Sales | TABLE-U.S. Nov Existing Home Sales Fall 4.3 Pct

Dec 19 (Reuters) – The following is data on U.S. existing home sales from the National Association of Realtors (seasonally adjusted annual rates): Units Sold (in mlns) Nov Oct OctPrev Sept Nov’12 Total Existing Homes 4.90 5.12 5.12 5.29 4.96 Single Family 4.32 4.49 4.49 4.68 4.36 Condos/Co-ops 0.580 0.630 0.630 0.610 0.600 Units Sold, Pct Change Nov Oct OctPrev Nov13/12 Total Existing Homes -4.3    .. more …

Mortgage Interest Rates | Existing Home Sales Fall To Lowest Level In Nearly A Year

WASHINGTON (Reuters) – U.S. home resales fell sharply in November to their lowest level in nearly a year, hurt by a rise in interest rates since the spring and ongoing price increases that have shut some home buyers out of the market. The National Association of Realtors (NAR) said on Thursday that sales of previously owned homes dropped 4.3 percent last month, the third monthly fall in a row, to    .. more …

Existing Home Sales | Existing Home Sales Fall More Than Expected

REUTERS/Robert Galbraith Existing home sales for November fell 4.3% month-over-month in November, to an annualized pace of 4.9 million.This missed expectations for a 2% fall to an annualized pace of 5.2 million. This compares with a 3.2% fall to 5.12 million in October. The national median existing-home price was up 9.4% on the year to $196,300.Total housing inventory fell 0.9% to 2.09 million    .. more …

New York Foreclosures | Am I Liable For A Deficiency Judgment After A Short-sale?

It can be an unexpected surprise for anyone who have sold their house through a short sale where the lender agreed to sell the house for less than the mortgage owed. Vanessa Corey who achieved a short-sale on her Fredericksburg, VA property in 2008 is a true story. Years after she had completed construction to her home in 2004, tragedy struck leading to a legal divorce with her husband and the    .. more …

Existing Home Sales | Existing Home Sales Fall For 3rd Straight Month In November

Sales of previously owned homes fell for the third straight month in November, as prices continued to rise year-over-year, the National Association of Realtors reported Thursday.The annual pace of existing home sales (which include single-family homes, townhomes, condominiums and co-ops) fell 4.3% to a seasonally adjusted annual rate of 4.90 million in November, down from 5.12 million in October.    .. more …

Existing Home Sales | Why Did Existing Home Sales Drop For The First Time In 29 Months?

Restricted supply has been the theme of the U.S. housing market over the past year At the end of August, there were 2.09 million existing homes for sale, representing a 5.1-month supply. This is higher than the 4.9-month supply in October. As professional investors have become major players in the real estate market, we’re seeing bidding wars for properties in the hardest-hit markets, like    .. more …

New Home Sales | Houston Welcomes You!. – Article Dashboard

Houston and its communities – Houston has been the preferred choice of homemakers since a very long time. There are enough reasons to support the above as RCLCO, a real estate advisory firm reported that in accordance with the new home sales, Houston alone had five of the top 10, master planned communities in the nation. Houston’s area developments hold strong even today and reportedly there has    .. more …