By Chris Isidore @CNNMoney January 20, 2012: 10:26 AM ET NEW YORK (CNNMoney) — Home sales ended a difficult year on a high note, resulting in a gain in full-year sales volume. The National Association of Realtors reported that the annual sales pace in December reached 4.6 million homes, up 5% from November’s pace and 3.6% from a year ago. It was the third straight month of improvement in the pace of sales. The improved fourth-quarter sales volume lifted full-year sales to 4.26 million homes, up 1.7% from 2010 levels. […]
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More analysts say housing market has hit bottom
January 20, 2012 in General R.E.
Chase CEO and Fannie Mae economist see improvement in 2012. But another analyst says recovery is still a long way away. By Teresa at MSN Real Estate Tue 10:35 AM “We have seen the worst. We are at the bottom. We may hug along the bottom for a while, but we are at the bottom,” Jamie Dimon, CEO of JPMorgan Chase, told Maria Bartiromo in a Q&A published in USA Today. That doesn’t mean that happy days are here again, he cautions, but there is light at the end of […]
Finding Cash to Invest
January 18, 2012 in General R.E., Step 07: Fund Your Deals
We are always looking to benefit more financially from Real Estate. We also Need to realize that the whole intent is for us to be more financially better off. We need to look at all aspects of our expenses and be savier when it comes to what we are spending our funds on. In so doing we discussed today insight on spending less on typical types of insurance so that we can have better coverage with less costs in premiums. Home Insurance Insight: Look at our dwelling coverage amounts for […]
Foreclosures fall to lowest level since 2007
January 13, 2012 in General R.E.
By Les Christie @CNNMoney January 12, 2012: 8:18 AM ET NEW YORK (CNNMoney) — Foreclosure filings and repossessions fell to their lowest level since 2007 last year. Total filings, including default notices and bank repossessions were down 33% for the year to 2.7 million, according to RealtyTrac, the online marketer of foreclosed properties. One in every 69 homes had at least one foreclosure filing during the year, while 804,000 homes were repossessed. That’s a significant improvement from the peaks reached in 2010 — when 1.05 million homes were repossessed — […]