Optimists
AP
A wave of foreclosures is forcing down home prices in most major U.S. cities. But economists and real estate agents are noticing what they call a key first step for any housing recovery: a drop in the glut of homes for sale in markets hit hardest by foreclosures.
If we were to see several consecutive months of supply getting smaller, it would point to an improving housing market, said Celia Chen, senior director…
Added by Your Property Path on April 28, 2011 at 7:40pm — No Comments
We all know whats happening to the single family home markets. Over supply and shadow inventory and the subsequent price declines will continue until fear is overcome and inventory is soaked up.
The kinds of issues that led to a boom bust in housing did not take place with multi family. There was no build out leading to over supply and the lender market was much more rationlized. Little of the kind of lending that led to so many foreclosures, ultimately driving home…
Added by Your Property Path on March 30, 2011 at 4:21pm — No Comments
Getting Tenants to Go Green.
As property managers, we can't insist on behavioral changes. Going green can be a tough sell to a renter. After all, a building is only as green as the people who manage and live in it. Managers are key players and can encourage activities that reduce consumption and waste. The catalyst is education.
We Are All Stakeholders
You need to demonstrate the benefits. Tenants can be…
Added by Your Property Path on March 23, 2011 at 3:03pm — No Comments
30-year fixed-rate mortgage: Averaged 4.95 percent with an average 0.6 point for the week ending February 24, 2011, down from last week when it averaged 5.0 percent. Last year at this time, the 30-year FRM averaged 5.05 percent. .
The 15-year fixed-rate mortgage: Average 0.7 point, down from last week when it averaged 4.27 percent. A year ago at this time, the 15-year FRM averaged 4.40 percent.
Five-year indexed hybrid…
Added by Your Property Path on February 24, 2011 at 6:21pm — No Comments
Real Estate Porn
The search bunny keeps on going
Its interesting that online search for real estate is as strong as ever. Sales are miserable, people are afraid to buy. They no longer know what value and they have no job security. So, why is search so strong. Realtor.com President, Errol Samuelson notes that Online search is a critical measure of interest in real estate, especially now that more than 90 percent of buyers search for their homes…
Added by Your Property Path on February 23, 2011 at 4:19pm — No Comments
30-year fixed-rate mortgage: Averaged 5.0 percent with an average 0.7 point for the week ending February 17, 2011, down from last week when it averaged 5.05 percent. Last year at this time, the 30-year FRM averaged 4.93 percent.
The 15-year fixed-rate mortgage: Averaged 4.27 percent with an average 0.7 point, down from last week when it averaged 4.29 percent. A year ago at this time, the 15-year FRM averaged 4.33…
Added by Your Property Path on February 17, 2011 at 4:54pm — No Comments
Mortgage Bankers Association for the week of 2/16/2010
Added by Your Property Path on February 17, 2011 at 4:54pm — No Comments
Added by Your Property Path on February 10, 2011 at 1:05pm — No Comments
30-year fixed-rate mortgage: Averaged 5.05 percent with an average 0.7 point for the week ending February 10, 2011, up from last week when it averaged 4.81 percent. Last year at this time, the 30-year FRM averaged 4.97 percent.
The 15-year fixed-rate mortgage: Averaged 4.29 percent with an average 0.7 point, up from last week when it averaged 4.08 percent. A year ago at this time, the 15-year FRM averaged 4.34 percent.
Five-year…
Added by Your Property Path on February 10, 2011 at 1:04pm — No Comments
Costs Will Increase For Buyers Regardless Of Credit Worthiness
Added by Your Property Path on February 9, 2011 at 5:05pm — No Comments
Case Shiller report shows a deceleration in the annual growth rates in 17 of the 20 MSAs. Housing generally leads the economy out of a recession. This time its not, housing is simply suffering. Not only is money tight but job creation is still a big hurt. In some cities, the decline over the last year was quite sharp.
David M. Blitze,chairman of S.&P.’s index committee tells the NY Times that a double-dip could be confirmed before spring. He goes on to say the series is now…
Added by Your Property Path on February 2, 2011 at 1:53pm — No Comments
Mortgage Bankers Association for the week of 01/12/2010
Market Composite Index: (loan application volume) increased 2.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 47.5 percent compared with the previous week
Refinance Index: increased 4.9 percent from the previous week. The seasonally adjusted Purchase Index decreased 3.7 percent from one week…
Added by Your Property Path on January 23, 2011 at 10:01pm — No Comments
Added by Your Property Path on January 23, 2011 at 10:00pm — No Comments
Mortgage Bankers Association for the week of 01/12/2010
Market Composite Index: (loan application volume) increased 2.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 47.5 percent compared with the previous week
Refinance Index: increased 4.9 percent from the previous week. The seasonally adjusted Purchase Index decreased 3.7 percent from one…
Added by Your Property Path on January 15, 2011 at 8:42pm — No Comments
Added by Your Property Path on January 15, 2011 at 8:41pm — No Comments
30-year fixed-rate mortgage: Averaged 4.86 percent with an average 0.8 point for the week ending December 30, 2010, up from last week when it averaged 4.81 percent. Last year at this time, the 30-year FRM averaged 5.14 percent.
The 15-year fixed-rate mortgage: Averaged 4.20 percent with an average 0.8 point, up from last week when it averaged 4.15 percent. A year ago at this time, the 15-year FRM averaged 4.54…
Added by Your Property Path on January 5, 2011 at 7:03pm — No Comments
Added by Your Property Path on January 5, 2011 at 7:02pm — No Comments
NAR Existing Home Sales
Existing home sales which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 5.6% to a seasonally adjusted annual rate of 4.68 million in November, but are 27.9% below the cyclical peak of 6.49 million in November 2009, which was the initial deadline for the first-time buyer tax credit. Median existing single-family home prices rose year-over-year in 77 of 155 metropolitan areas and fell in 76…
Added by Your Property Path on December 29, 2010 at 5:07pm — No Comments
Mortgage Bankers Association for the week of 12/8/2010
Market Composite Index:(loan application volume) decreased 0.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 22.8 percent compared with the previous week, which included the Thanksgiving HolidayRefinance Index: decreased 1.4 percent from the previous week. This is the fourth…
ContinueAdded by Your Property Path on December 11, 2010 at 7:03pm — No Comments
30-year fixed-rate mortgage: Averaged 4.61 percent with an average 0.7 point for the week ending December 9, 2010, up from last week when it averaged 4.46 percent. Last year at this time, the 30-year FRM averaged 4.81 percent.
The 15-year fixed-rate mortgage: Averaged 3.96 percent with an average 0.7 point, up from last week when it averaged 3.81 percent. A year ago at this time, the 15-year FRM averaged 4.32 percent.
Five-year indexed…
ContinueAdded by Your Property Path on December 11, 2010 at 7:02pm — No Comments
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