Category Archives: Uncategorized

Starting February 10th, Google will be getting out of the real estate business . . . kind of. Google announced that they will remove real estate listings from its popular Google Maps function. Google contends that the real estate listing … Continue reading →

RealtyTrac reports that in the 1st quarter of 2010, foreclosure filings rose 7% compared with the previous quarter, to more than 930,000. That represents a 16% increase over the same period in 2009. Foreclosures spiked drastically in March to a … Continue reading →

Warren Buffet, widely considered an investment genius, believes that “within a year or so, residential housing problems should be largely behind us. Prices will remain far below ‘bubble’ levels, of course, but for every seller or lender hurt by this … Continue reading →

According to the United States Census Bureau, home ownership has reached it lowest rate since 2000. The current rate of home ownership is 67.2% Regionally, The biggest drop was in the South, where the rate declined to 69.1% from 69.7%. … Continue reading →

According to the latest survey by the National Association of Realtors (NAR), sales increased from the third quarter in 48 states. Of those states, 32 realized double-digit gains. Existing-home sales, including single-family and condo, jumped 13.9 percent to a adjusted … Continue reading →

RealtyTrac reports that foreclosure rates fell in January compared to December, but remained sharply higher than a year ago. This is thought to be a temporary incident most likely a product of the holiday season & office closings. The number … Continue reading →

HUD has taken a major step to stabilize the real estate market by waiving the “90 day flip rule” effective February 1st, 2010. Currently, FHA prohibits insuring a mortgage on a home owned by the seller for less than 90 … Continue reading →

Trulia.com has reported that 21% of the existing housing inventory has had a least one price reduction during its time on the market. The good news is that figure has decreased 2 straight months now. The South leads the nation … Continue reading →

Statistics from Lender Processing Services indicate that as of November 30th 2009, one in every 7.5 homeowners either fell into delinquency or foreclosure. The total number of delinquencies reached a record high of 9.97%, a 5.46% increase from the previous … Continue reading →

The apartment vacancy rate ended the year at 8%, the highest level since 1980. This according to Reis Inc., a New York research firm that tracks vacancies and rents in the top 79 U.S. markets. Rents fell 3% last year, … Continue reading →