From the category archives:

Mortgage Information

Housing And Mortgage : The Experts Make Their 2012 Predictions

As the new year begins, there are no shortage of stories telling us what to expect in 2012. Housing finished 2011 with momentum and mortgage rates closed at the lowest rates of all time. Some expect those trends to continue through the first quarter and beyond. Others expect a rapid reversal. Who’s right and who’s [...]

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The Housing Market Update

New Home Sales Continue To Rise: Investors cheered yet another U.S. report showing signs of improvement in the housing market. The Commerce Department report showed US new home sales rose for the third straight month in row, increased by 1.6% to a seasonally adjusted annual rate of 315,000 from October. Even as the pace of gain [...]

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Bank Repossessions Drop To A 44-Month Low

Foreclosure activity continues to concentrate over just a few states. According to foreclosure-tracker RealtyTrac, November’s foreclosure filings fell 3 percent as compared to October, and 14 percent from November 2010. “Foreclosure filing” is a catch-all term for the various “action steps” throughout the foreclosure process. The grouping comprises default notices, scheduled home auctions, and bank repossessions. [...]

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Simple Real Estate Definitions : Tax And Insurance Escrow

As a homeowner in Plano, your fiscal responsibility extends beyond just making mortgage payments. You must also pay your home’s real estate taxes as they come due, as well as your homeowners insurance policy premiums. Failure to pay real estate taxes can result in foreclosure. Failure to insure your home is a breach of your [...]

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The Housing Market Update

Job Claims, Factory Data Suggest Recovery Picking Up Steam: Government reports on weekly jobless claims, manufacturing activity and inflation offered fresh evidence the U.S. economic recovery is picking up steam. New U.S. claims for unemployment benefits dropped to a 3 1/2 year low last week, a government report showed on Thursday, suggesting the labor market [...]

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The Housing Market Update

Housing Industry Rebound: After half a decade of withering sales and slumping prices, there are strong and diverse signs that the single-family housing market is poised for a rebound. In some metropolitan areas, the market has bottomed, with both sales and prices on the rise and foreclosures on the decline. This contrarian — and largely [...]

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The Housing Market Update

Existing Home Sales Beat Expectations: Americans bought previously owned homes at a much higher level than economists had forecasted. Economists had forecasted that October Existing Home Sales would decline -2.20%. But they actually improved by +1.3%. The National Association of Realtors reported that the annualized rate of sales is 4.97 million units which was also [...]

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Tips For Maximizing Your Home’s Appraised Value

A home appraisal is an independent opinion of your home’s value, performed by a licensed home appraiser. Appraisals are part of the traditional home purchase process, and lenders require them for most refinances, too. Appraisers are trained professionals. First, they derive a base for your home’s value based on the recent sales prices of homes [...]

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The Housing Market Update

Consumer Sentiment Increases Again: Confidence among U.S. consumers rose more than projected in November, offering additional support to the biggest part of the economy. It was the third straight month of increases in consumer sentiment. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment climbed to 64.2 this month, the highest since June, from [...]

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The Housing Market Update

New Home Sales Climb: Sales of new homes rose in September after four straight monthly declines. The Commerce Department said Wednesday that sales of new homes rose 5.7 percent last month to a seasonally adjusted annual rate of 313,000 homes. A big reason for the gain was that the median sales price fell 3.1 percent to [...]

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