Several economists have recently revised their predictions on housing values to reflect a stronger-than-expected real estate rebound, and some have even doubled their original forecasts over the rise in home prices. For example, economists at Bank of America revised their home price forecast from 4.7 percent this year to 8 percent. Capital Economics’ Economist Paul Diggle upwardly revised his home price forecast too, from a 5 percent projection to an 8 percent rise in home prices this year. “Prices of both new and existing homes are picking up, the latter […]
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Economists Revise Housing Figures Amid Optimism
March 14, 2013 in RESIDENTIAL R.E., Step 03: Do Strategic Planning
Investment and vacation home sales soar in 2011
April 3, 2012 in General R.E., RESIDENTIAL R.E.
NEW YORK (CNNMoney) — Sales of investment properties and vacation homes soared last year as investors snapped up homes that were selling at beaten down prices. Homes purchased by investors skyrocketed 64.5% to 1.23 million in 2011, up from 749,000 the year before, according to the National Association of Realtors. Vacation home buyers also came out in larger numbers, with sales climbing 7% year-over-year to 502,000. Meanwhile, sales to ordinary home buyers, who plan on living in the home full-time, fell 15.5% to 2.78 million, NAR said. “Investors have been […]
BofA: Families facing foreclosure can rent
April 3, 2012 in RESIDENTIAL R.E.
NEW YORK (CNNMoney) — Bank of America has announced a program that will let homeowners facing foreclosures stay in their homes as renters. The “Mortgage to Lease” program will start as a limited pilot program for up to 1,000 homeowners in Arizona, Nevada and New York selected by the bank. The bank said if the effort succeeds, it could be expanded to the broader group of at-risk homeowners with BofA mortgages. Homeowners can not apply to be part of the program at this time. (Buying is cheaper than renting) Those […]
Real Estate Podcast 6-21-2010
June 19, 2010 in Prosper Weekly Podcast, RESIDENTIAL R.E., Step 04: Find Potential Deals, Step 05: Analyze Opportunities, Step 06: Make an Offer
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