Jan
24
Short Sale Process Cut in Half or More
Daily Real Estate News | Wednesday, January 23, 2013 Short sales are getting much shorter, Freddie Mac says. The mortgage giant launched a Freddie Mac Standard Short Sale program on Nov. 1 that sought to speed up the short sale process and make it easier and more transparent. “We estimate that the time to complete a short sale will decrease by approximately 50 percent to 75 percent,” as a result of the changes, writes Tracy Mooney, Freddie Mac’s EVP in a recent blog post. Among the changes that took effect Nov. […]
Jan
22
Best year for the U.S. real estate market in five years
Steady December home sales capped the best year for the U.S. real estate market in five years, according to an industry trade group report Tuesday. The National Association of Realtors said that December sales of previously-owned homes came in just slightly below November’s sales pace, but up 12.8% from a year ago. That brought full-year sales to 4.65 million, up 9% from 2011 and the best year for home sales since 2007, when there were 5 million homes sold just before the start of the recession. Sales are being helped […]
Jan
17
Protected: RE Grad Call – Commercial Investing II 1-17-2013
There is no excerpt because this is a protected post.
Jan
14
Rent vs. Mortgage
How Rent Became More Expensive Than Mortgage Payments In a slide titled “The After Math Of The Housing Bubble,” JP Morgan Funds’s David Kelly offers a chart of monthly rent versus monthly mortgage payments to capture an imbalance in the housing market. Americans continue to be unable or unwilling to buy a house. Many still remember what happened in the housing bubble not just a few years ago. Meanwhile, this the demand for rentals have exploded, so much so that average rents are much higher than average mortgage payments. […]