 I track Raleigh real estate data and news about home inventory levels because it helps my clients stay competitive in a market where 20% of real estate transactions are some sort of distressed sale. But, there’s more to look at than just what’s listed for sale and what’s recently closed. Distressed mortgage loans represent homes that are [...] The NY Times posed the question yesterday: “Just how low can [mortgage] interest rates go?” I had predicted rates would be 5.5% to 5.75% this fall and it looks like I may be wrong. For once, I hope I am. I have tried to make several predictions this year and I’ve missed a few times. I promise to [...] North Carolina has been slated to receive $159 million in financial support from the federal government. According to a report from the Associated Press, NC was chosen because of the number of residents living in counties where unemployment is over 15%. North Carolina’s statewide unemployment is 11.2%. The monies will be given the the state housing finance [...] Bank of America plans to help homeowners who owe more than more than their home is worth or are in “negative amortization” loans. I’m not sure how new this concept is. I did quick web search and the volume of information I tapped into was extensive. According to a summary of the program obtained by [...] We’ll see if that holds true for Raleigh. According to a report from the New York Times that I read today, the government will start paying banks and sellers to utilize the short sale process to encourage more real estate sales activity. “We want to streamline and standardize the short sale process to make it much easier on the [...] Here’s a quick update about my earlier post regarding the uncertain future of mortgage rates: One reason for such bidding wars is that many buyers can qualify for tax credits of as much as $8,000 if they agree on a home purchase by April 30. Meanwhile, economists say mortgage rates — currently around 5% for standard 30-year fixed-rate [...] I’m not sure what this means to Raleigh as an individual market. We are seeing stronger sales below $300,000 and strongest numbers as we see them are below $200,000. FHA goes up to $295,000 in our area so I’m sure it will have some ramification on buyers because the lower price range often represents younger buyers [...] |
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Stalk Jason